DeFi dev Andre Cronje's new Ethereum project surged 15,000% in 12 hours

Finance founder Andre Cronje began testing one of his latest projects.

This project was Keep3r Network, a decentralized marketplace where projects can post jobs for users to take in exchange for a fee paid in a new token, KPR. The idea is to outsource tasks, which often means interactions with smart contracts, to users who have time on their hands.

While Cronje made it clear that it was just an experiment, investors bought in any way, with some siphoning in hundreds of thousands of dollars in hopes of catching the "Next YFI." Cronje launched YFI in July, which subsequently surged 1,000,000 percent in the two months that followed.

These coins quickly became worthless as Cronje asserted that this was just an internal test for himself.

Over a week later, on Oct. 28, the developer finally rolled out a beta for the Keep3r Network, along with the official token, also named KPR. While still in a beta testing phase and no audits have been completed, KPR surged massively.

Re Cronje's new Ethereum token surges massively in its first 12 hours.

Early on the morning of Oct. 28, Cronje deployed new contracts for the Keep3r Network.

In the span of 12 hours, KPR surged from $1.40 to highs of $200, for a return of just under 15,000 percent.

It is likely that more experiments and projects from Cronje are to come.

Finance developer Telegram group in which he states that he has a backlog of nine projects to work on, all of which involve DeFi in some way.