DefiLlama Faces Internal Dispute Leading to Platform Fork over Token Launch Controversy

DefiLlama Faces Internal Dispute Leading to Platform Fork over Token Launch Controversy

Over the weekend, a dispute within the decentralized finance (DeFi) analytics dashboard DefiLlama has resulted in one of its employees forking the platform. The source of the disagreement is the company's plan to launch a token. According to DefiLlama developer 0xngmi, the firm's team is forking the platform because it is "undergoing a hostile takeover" by its founders who allegedly launched a token without the support of its employees.

The person controlling both DefiLlama's Twitter and domain decided to launch a LLAMA token "despite everybody in the team not wanting it," said 0xngmi. "The DefiLlama team who have built the site [...] for the past three years have decided to fork Defillama and start fresh on llama.fi."

Tendeeno, a pseudonymous user who claims to be a contributor on several Llama Corp. projects, the parent company of DefiLlama, also shared a similar sentiment on Twitter. He said,

"Long story short, there was someone planning to launch a LLAMA token without approval of a single person on the defillama team."

Llama Corp. issued a statement in a Telegram channel, saying that

"0xngmi and a few team members have gone rogue. They are actively looking to seize DefiLlama IP and community while inaccurately claiming the rightful owner to be doing a hostile takeover."

The co-founders of DefiLlama, Charlie Watkins and Ben Hauser, are receiving support from some Twitter users, including DeFi architect and Yearn.finance founder Andre Cronje. He defended Watkins, who has funded all of DefiLlama's expenses out of his pocket for years, saying "it isn't cheap" and that "watching everyone turn on everything he has done is disgusting."

 

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