DefiLlama Split: New Site Launches Amidst Token Launch Controversy
DefiLlama, a site for decentralized finance data, is facing leadership disputes as a team member attempted to launch a token without approval from the wider group.
As a result, a new site, llama.fi, has been launched, almost identical to the original site launched in October 2020, defillama.com.
0xngmi, one of the members of DefiLlama, claimed that the second site was launched due to a “hostile takeover” by most of the team, as there was an attempt to launch a crypto token without their consent.
The DefiLlama team is forking Defillama@Defillama is undergoing a hostile takeover
There is an ongoing attempt to launch a token that does not represent us. We don't want to be associated with it
— 0xngmi (llamazip arc) (@0xngmi) March 19, 2023
Another member, Tendeeno, supported 0xngmi’s statements and mentioned that only one individual, 0xLlam4, was attempting to launch the token.
While 0xLlam4 created DefiLlama, Tendeeno asserted that 0xngmi was responsible for the development, salaries, leads the team, and is the legal majority owner of DefiLlama.
However, due to a lack of site revenue, 0xLlam4 reportedly intended to launch a token against the team’s wishes. Since he controls the DefiLlama website and Twitter account, other group members could not stop this from happening.
Both defillama.com and llama.fi provides the same main tool: a leaderboard listing various DeFi projects and their total locked crypto. While llama.fi has the support of the majority of the team, it remains unclear if it can attract users, as defillama.com has been operational for more than two years.
The two parties have reportedly resolved the disagreement, and DefiLlama confirmed that no LLAMA token is planned. llama.fi now redirects to defillama.com.