The DefiLlama website splits as a founder pushes for crypto token launch
DefiLllama, a decentralized financial data site, is contesting its leadership as a single team member attempted to launch a token without broader approval.
There are now two “Llama” locations
DefiLlama was originally launched on defillama.com in October 2020. Now an almost identical page has been launched with llama.fi.
0xngmi, a member of the DefiLlama project, further said 19th March that the majority of the team started the second side due to a “hostile takeover”. He explained that there was an “ongoing attempt” to launch a crypto token without the team’s consent.
Another member, Tendeeno, said, that The statements made by 0xngmi were legitimate. He further suggested that only one person – 0xLlam4 – is trying to launch the token.
Tendeeno acknowledged that 0xLlam4 created DefiLlama but said that 0xngmi became responsible for development after joining the team. He also claimed that 0xngmi is responsible for salaries, leads the team and is the legal majority owner of DefiLlama.
0xLlam4 reportedly intends to launch a token against the will of the team due to the lack of website revenue. Because 0xLlam4 controls the DefiLlama website and its Twitter account, other members of the group cannot directly prevent this outcome.
0xLlam4 has made few public statements and it is unclear if or when it intends to release the alleged crypto token. His Twitter profile is currently private and there doesn’t seem to be a way to contact the developer.
Which side will survive?
Both sites currently offer the same main tool – a leaderboard that ranks different DeFi projects and shows the total amount of cryptos locked in those projects. CryptoSlate has used the site’s data in many recent reports on topics such as liquid staking, stablecoin Layer 2 inflows, Cardano’s DeFi network, and Huobi exchange outflows.
While llama.fi appears to be majority supported by the team, it’s unclear if the site will succeed in attracting users considering that defillama.com has been in operation for over two years.
The two sites can be merged back together if the two parties come to an agreement.
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