Internal disagreements have emerged at DefiLlama, the protocol known for its data aggregator for decentralized finance (DeFi). One of the co-founders reportedly wants to launch a token against the advice of the team, which led to a fork of the platform.
Disagreements among the DefiLlama teams
The essential DefiLlama protocol, which offers, among other things, a data aggregator specific to decentralized finance (DeFi) or, more recently, a swap aggregator, seems to be encountering internal conflicts.
According to 0xngmione of the co-founders of the project, 0xLlam4, another of the co-founders, would seek to launch a token against the unanimous opinion of the teams. Thus, while dialogue seems impossible between the actors of the misunderstanding, 0xngmi announced that a version of the aggregator has been forked to the address llama.fi and that a new Twitter account has been created for this purpose.
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
Use https://t.co/G0h4uBo2mL and @llamadotfi instead!
— 0xngmi (llamazip arc) (@0xngmi) March 19, 2023
“The DefiLlama fork Defillama team. DefiLlama is subject to a hostile takeover. There is currently an attempt to launch a token that does not represent us. We don’t want to be associated with that. Use llama.fi and @llamadotfi instead! »
He adds, further down (referring to 0xLlam4):
“The person who controls both twitter and the DefiLlama domain decided to launch a token when not everyone on the team wanted it. »
This kind of confusing business, however, it turns out that 0xngmi quickly gained support on Twitternotably from Tendeenoanother contributor to DefiLlama, who claims that he is indeed “90%” responsible for the success of the platform, and that 0xLlam4 absolutely wanted to generate income via a token against the current. project team.
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Repercussions on the platform?
In a press release addressed to our colleagues at The Block, Llama Corp. (a priori under the control of 0xLlama4), the parent company of the various protocols offered by the Llama teams, said 0xngmi’s actions were “regrettable” :
“Llama Corp. will continue to operate DefiLlama as it has done for the past three years. 0xngmi’s actions are regrettable. We hope to resolve matters privately and amicably. »
Same story on DefiLlama’s Telegram channel, where the following message was published:
“They are actively seeking to take over the DefiLlama intellectual property and community while inaccurately claiming that the rightful owner is making a hostile takeover. »
Bringing a very large number of tools and metrics to obtain quality information on the different protocols of decentralized finance, DefiLlama is today one of the main ecosystem analysis platforms.
Thus, it is desirable that common ground be found between the different protagonists, such a case can damage both the quality of a platform of this ilk, but also the reliability of its data. Indeed, at the present time, we cannot yet define which portion of the teams remained or left the initial project to join the fork platform.
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Passionate about the world of decentralized finance and the novelties brought by Web 3.0, I write articles for Cryptoast to help make blockchain more accessible to everyone. Convinced that cryptocurrencies will change the future very soon.
Maximilien Prue
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