There has been a dispute within DeFiLlama’s decentralized finance (DeFi) analytics dashboard, leading to the platform being forked by one of its employees over the weekend.
The dispute centers on the company’s plans to launch the token. On March 19, pseudonymous DefiLlama developer 0xngmi announced that the firm’s team had forked the platform, which was “going through a hostile takeover,” and accused DefiLlama’s founder of launching the token without the support of its employees.
Team DefiLlam splits Defillam@Defillama undergoing a hostile takeover
An attempt is being made to launch a token that does not represent us. We don’t want to be associated with it
Use https://t.co/G0h4uBo2mL and @llamadotfi instead of!
— 0xngmi (llamazip arc) (@0xngmi) March 19, 2023
According to 0xngmi, the person controlling both Twitter and the defillama domain decided to launch the token “despite everyone on the team not wanting it,” the developer said, adding that “the DefiLlama team, which created the website […] over the past three years they have decided to split Defillamo and start over at llama.fi.”
“Long story short, someone planned to launch the LLAMA token without the approval of a single person on the defillama team,” he said on Twitter by the pseudonymous user Tendeeno, claiming to be a contributor to several projects of Llama Corp., the parent company of DefiLlama.
Cointelegraph reached out to 0xngmi and Llama Corp. but did not receive an immediate response. In the Telegram channel of Llama Corp. she said:
“0xngmi and several team members have gone crazy, actively trying to take over DefiLlama’s IP and community, inaccurately claiming that the rightful owner is doing a hostile takeover.”
Some Twitter users are showing support for DefiLlam co-founders Charlie Watkins and Ben Hauser. DeFi architect and founder of Yearn.finance Andre Cronje said:
“It’s easy to be ideological when you don’t pay the bills. Charlie has been funding all the defillamas expenses out of his own pocket for years, it’s not cheap. Watching everyone turn on everything he’s done is disgusting. Trying to stop the bleeding isn’t greed, it’s sustainability. We’ll see how long they last without his “free money”. Soon they will increase or add ads or token.”