DefiLlama web site splits as one founder pushes for crypto token launch

DefiLllama, a decentralized finance information website, is disputing its management as a single crew 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 similar website has been launched at llama.fi.

0xngmi, one member of the DefiLlama mission, mentioned on March 19 that almost all of the crew launched the second website attributable to a “hostile takeover.” He defined that there’s an “ongoing try” to launch a crypto token with out the crew’s approval.

One other member, Tendeeno, said that 0xngmi’s statements have been professional. He further suggested that only one particular person — 0xLlam4 — is making an attempt to launch the token.

Tendeeno acknowledged that 0xLlam4 created DefiLlama however mentioned that 0xngmi turned liable for growth after becoming a member of the crew. He additionally asserted that 0xngmi is liable for salaries, leads the crew, and is DefiLlama’s authorized majority proprietor.

0xLlam4 reportedly intends to launch a token in opposition to the crew’s needs attributable to 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 stop this consequence.

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 at present non-public and there doesn’t look like any technique of contacting the developer.

Which website will survive?

Each websites at present present the identical essential device ⁠— a leaderboard that lists varied DeFi tasks and shows the whole quantity of crypto locked in these tasks. CryptoSlate has used the location’s information in lots of current reviews on subjects corresponding to liquid staking, stablecoin layer 2 inflows, Cardano’s DeFi network, and Huobi exchange outflows.

Whereas llama.fi seems to have majority crew backing, it’s unclear whether or not the location will achieve attracting customers provided that defillama.com has operated for over two years.

The 2 websites could also be reunified if the 2 events come to an settlement.