- DeFiLlama resolved its internal conflict surrounding the launch of the LLAMA token and the platform’s fork.
- The team stated that the platform will continue to function as normal and that there is no planned token.
DeFiLlama seems to have resolved the internal conflict over token launch and a platform fork that was threatened by a “rogue” team member on 19 March.
The dispute revolved around a hostile takeover of the on-chain analytics platform, which was revealed by one of the platform’s core contributors.
As of now, there is no LLAMA token in the works
According to Tweets DeFiLlama says that the token launch and threats were caused by poor communication. DeFiLlama apologised for the events and stated that there wasn’t an LLAMA token in their pipeline.
1/3 The DeFiLlama Team would like to apologize yesterday for the events that took place due to poor communication and a miscommunication within the team.
— DefiLlama.com (@DefiLlama) March 20, 2023
Additionally, the tweet said that any AirDrops in the future would be discussed with community members before finalization.
DeFiLlama tweeted:
“We would like to put what happened behind us. We will take steps to operate in a more transparent manner to ensure this doesn’t happen again. All arms of @LlamaCorpOrg will continue to cooperate with each other in developing open and transparent solutions for the decentralized world we love so much.”
The analytics company did a good job of explaining to its clients and users, who were taken aback.
News of the takeover came when DeFiLlama’s core contributor, who goes by the name 0xngmi on Twitter, revealed that there was an ongoing attempt to launch a native token by a person that controlled the platform’s Twitter handle and domain.
Defillama is being smuggled by the DefiLlama Team@Defillama It is currently undergoing a hostile acquisition
A token is being launched that doesn’t represent us. It’s not our intention to be associated with it.
Use https://t.co/G0h4uBo2mL @llamadotfi instead!
— 0xngmi (llamazip arc) (@0xngmi) March 19, 2023
The token was launched in essence without the consent of the DeFiLlama group.
Tendeeno, a contributor of Llama Corp revealed The platform was founded by 0xLLam4, a rogue person. In order to generate revenue, the founder seemed eager to launch the token.