DefiLlama website splits as one founder pushes for crypto token launch

DefiLllama, a decentralized finance knowledge web site, is disputing its management as a single crew member has tried to launch a token with out wider approval.

Two “llama” websites now exist

DefiLlama was initially launched circa October 2020 at Now, a virtually an identical web site has been launched at

0xngmi, one member of the DefiLlama undertaking, mentioned on March 19 that almost all of the crew launched the second web site as a result of a “hostile takeover.” He defined that there’s an “ongoing try” to launch a crypto token with out the crew’s approval.

One other member, Tendeeno, said that 0xngmi’s statements had been authentic. He further suggested that only one particular person — 0xLlam4 — is making an attempt to launch the token.

Tendeeno acknowledged that 0xLlam4 created DefiLlama however mentioned that 0xngmi turned accountable for growth after becoming a member of the crew. He additionally asserted that 0xngmi is accountable for salaries, leads the crew, and is DefiLlama’s authorized majority proprietor.

0xLlam4 reportedly intends to launch a token in opposition to the crew’s needs as a result of an absence of web site income. As a result of 0xLlam4 controls the DefiLlama web site and its Twitter account, different members of the group can’t instantly forestall this final result.

0xLlam4 has made few public statements, and it’s unclear if or when he intends to launch the alleged crypto token. His Twitter profile is at present non-public and there doesn’t look like any technique of contacting the developer.

Which web site will survive?

Each websites at present present the identical foremost device ⁠— a leaderboard that lists varied DeFi tasks and shows the entire quantity of crypto locked in these tasks. Crypto has used the positioning’s knowledge in lots of latest studies on matters akin to liquid staking, stablecoin layer 2 inflows, Cardano’s DeFi community, and Huobi trade outflows.

Whereas seems to have majority crew backing, it’s unclear whether or not the positioning will reach attracting customers provided that has operated for over two years.

The 2 websites could also be reunified if the 2 events come to an settlement.

Posted In: DeFi, Featured

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