Key Takeaways:
- On March 19, the team behind DefiLlama revealed that they were forking the platform
- A dispute has developed within DefiLlama as some employees appear to have refused the launch of the new token.
Following a disagreement within the platform, a DefiLlama employee forked the decentralized financial analytics dashboard. The dispute centers around the company’s intentions to introduce a new token.
A DefiLlama employee going by the alias 0xngmi claims the company’s founders split the business by launching a token without sufficient backing.
DefiLlama was allegedly “undergoing a hostile takeover,” according to 0xngmi, who also charged the company’s founders with launching a token without the backing of their staff.
As a result, Llama.fi, a dashboard that many people may be acquainted with, was developed. The new variation of the main DefiLlama team is the one that is not interested in a token release.
Regardless of internal disapproval from the team, according to 0xngmi, the owner of DefiLlama’s web domain and Twitter account decided to publicize the imminent debut of a DefiLlama token. The action prompted 0xngmi to launch the website llama.fi and a related Twitter account, which as of Sunday afternoon had amassed over 6,000 followers.
Tendeeno, another participant, asserted that 0xngmi’s claims were true. He also claimed that 0xLlam4 is the only person making an effort to debut the token.
At the time of writing, the @llamadotfi Twitter account had over 9k followers. The new website closely resembles defillama.com, with the exception of a few tool connections being removed.
The website’s creators, “the DefiLlama team, who have been working on it for the past three years, have opted to fork Defillama and start over on llama.fi,” the developer continued.
Despite the fact that 0xngmi was the initial person to announce that DefiLlama was being hostilely taken over, a message on a project’s Telegram channel declared that 0xngmi had “gone rogue” an hour after the developer’s tweet.
This circumstance emphasises the dangers of the team’s goal fragmenting. The development has already started to have significant effects on the organization’s structure as observers piece together what happened and eventually adopt sides.
Recently, there has been some tension in the DeFi community. Numerous well-known protocols have been hacked and exploited . The unfolding events at DefiLlama have further confounded the already frazzled community. In fact, some users claim that 0xngmi’s statement might be a hoax and that the account has been hacked.
This circumstance emphasizes the dangers of the team’s goal fragmenting. The development has already started to have a significant impact on the organization’s structure as observers piece together what happened and eventually adopt sides.
