DefiLllama, a decentralized financial data site, has challenged its leadership after one team member attempted to launch a token without widespread approval.
Currently there are two “rama” sites
DefiLlama was originally launched around October 2020 on defillama.com. Almost the same site is now launched at llama.fi.
0xngmi, one of the members of the DefiLlama project, said: March 19th Suppose most of your team launches a second site for a “hostile takeover”. He explained that there are “ongoing attempts” to issue crypto tokens without team approval.
Another member, Tendeno, said 0xngmi’s statement was legitimate.he more suggestions Only one person (0xLlam4) is trying to activate the token.
Tendeeno acknowledged that 0xLlam4 created DefiLlama, but said that 0xngmi took over development after joining the team. He also claimed that 0xngmi was responsible for the salary, led the team and was the legal majority owner of DefiLlama.
Reportedly, 0xLlam4 intends to issue tokens against the wishes of the team due to the site’s lack of revenue. 0xLlam4 controls his DefiLlama website and its Twitter account, so other members of the group cannot directly prevent this outcome.
0xLlam4 has released few official statements and it is unclear when and if they intend to release the alleged crypto token. His Twitter profile is now private, and there appears to be no means of contacting the developer.
Which sites will survive?
Both sites currently offer the same main tool—a leaderboard that lists various DeFi projects and shows the total amount of crypto locked in those projects. CryptoSlate has used the site’s data in a number of recent reports on topics such as liquid staking, stablecoin Layer 2 influx, Cardano’s DeFi network, Huobi exchange outflow, and more.
llama.fi appears to be backed by a number of teams, but given that defillama.com has been in operation for over two years, it is unclear whether the site will succeed in attracting users .
The two sites may be re-merged if the parties reach an agreement.
