DefiLllama, a decentralized finance knowledge website, is disputing its management as a single group member has tried to launch a token with out wider approval.
Two “llama” websites now exist
DefiLlama was initially launched circa October 2020 at defillama.com. Now, an almost equivalent website has been launched at llama.fi.
0xngmi, one member of the DefiLlama undertaking, mentioned on March 19 that almost all of the group launched the second website because of a “hostile takeover.” He defined that there’s an “ongoing try” to launch a crypto token with out the group’s approval.
One other member, Tendeeno, mentioned that 0xngmi’s statements have been reliable. He additional advised that only one particular person — 0xLlam4 — is trying to launch the token.
Tendeeno acknowledged that 0xLlam4 created DefiLlama however mentioned that 0xngmi turned accountable for improvement after becoming a member of the group. He additionally asserted that 0xngmi is accountable for salaries, leads the group, and is DefiLlama’s authorized majority proprietor.
0xLlam4 reportedly intends to launch a token towards the group’s needs because of a scarcity of website income. As a result of 0xLlam4 controls the DefiLlama web site and its Twitter account, different members of the group can’t straight 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 presently non-public and there doesn’t seem like any technique of contacting the developer.
Which website will survive?
Each websites presently present the identical essential software — a leaderboard that lists numerous DeFi tasks and shows the full quantity of crypto locked in these tasks. CryptoSlate has used the location’s knowledge in lots of latest stories on subjects akin to liquid staking, stablecoin layer 2 inflows, Cardano’s DeFi community, and Huobi trade outflows.
Whereas llama.fi seems to have majority group backing, it’s unclear whether or not the location will achieve attracting customers on condition that defillama.com has operated for over two years.
The 2 websites could also be reunified if the 2 events come to an settlement.
