Hostile takeover could be underway for decentralized finance (DeFiResource Defilama is exposed as an internal rift between key members of the team.
Several anonymous Twitter users have alleged that the internal rift is related to the launch of a token for Defilama called LLAMA, which is to be launched by Defilama’s top management without the support of key employees.
News of the fork and token launch was first shared on Twitter by anonymous Defilama developer 0xngmi, who said the new token “does not represent us.” He also suggested in the same Twitter thread that the fork was the result of one person’s actions:
Later in the thread, 0xngmi said that the team of developers that built DeFilama has now decided to leave the original project and move to a new forked project.
“Do not trust any communication or token from @Defillama or Defillama.com,” he wrote, noting that those two channels are now controlled by the person who wants to launch a token.
The anonymous developer explained that from now on users should use llama.fi with the Twitter handle @llamadotfi. “This is a new platform spun off from Defilama by the developers behind the site you all know and love,” he wrote.
Supporting 0xngmi, Twitter user Tendeeno, who claimed to be a developer on related projects under the Llama brand, said that 0xngmi was “at least 90% responsible for the success”. [DefiLlama] Today is.”
He also pointed out that the co-founder of Defilama had said that the LLAMA token would launch “with or without the approval of a member of the DL team,” adding that this is why it is viewed as a “hostile acquisition.” .
DefiLlama is a platform for tracking DeFi metrics, including prices of tokens, trading volume, and Total Value Locked (TVL) on various DeFi protocols. The platform is part of the Llama Corp developer collective, and claims to have over 10 million monthly users.