KryptoCurrency

December 27, 2024
Crypto

DefiLlama resolves internal strife, sends LLAMA token plans alpaca’n

By akohad Mar21,2023

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Decentralized finance (Defi) analytics platform DefiLlama appears to have resolved the internal conflict within its team that had earlier threatened a “forking” of the platform.

Potential trouble at DefiLlama was first revealed when developer 0xngmi claimed in a March 19 Twitter post that DefiLlama was “undergoing a hostile takeover,” with the launching of a token called “LLAMA” without employee approval or support.

In response, the parent company of DefiLlama accused “0xngmi and a few team members” to have “gone rogue” by looking to seize DefiLlama’s intellectual property while “inaccurately claiming the rightful owner to be doing a hostile takeover.”

However only a day later, it appears the internal conflict has reached a resolution.

In a March 20 Twitter thread, the DefiLlama team apologized for the debacle, putting it down to “poor communication and a misunderstanding within the team” while clarifying that a new token was not being planned.

“We would like to put what happened behind us. There is no LLAMA token currently planned, and any airdrop will be discussed with the community, as every important decision is. We will take steps to operate in a more transparent manner to ensure this doesn’t happen again.”

0xngmi, the developer that was accused of having “gone rogue” has confirmed that the internal issues have been resolved and that they will remain on board.

Tweeting on March 20, Oxngmi stated that “everything has been solved, fork has been canceled,” and that “all work will continue on DeFiLlama.”

Tendeeno, a contributor who primarily works on other projects under the Llama Corp. umbrella, also confirmed that after “back and forth” the team has resolved the issues and decided to run DefiLlama “as normal.”

The contributor has also assured everyone on the team was happy with the outcome.

Related: Euler Finance to enter talks with exploiter over the return of funds

The website that 0xngmi prompted the community to switch to in their March 19 tweet now simply redirects to the official DefiLlama platform.

DefiLlama is a multi-chain DeFi analytics platform that is generally known for providing data relating to the total value locked (TVL) and trading volume on DeFi platforms.