DefiLlama drama: The resolution

DefiLlama puts hostile takeover claims to rest, no token and no fork

DeFi March 21
News Mundocrypto

Decentralized finance analytics platform DefiLlama has resolved the internal conflict that had threatened to split the team and potentially lead to a "forking" of the platform. The issue arose when developer 0xngmi claimed on Twitter on March 19 that DefiLlama was undergoing a hostile takeover with the launch of a token called "LLAMA" without employee approval or support.

"The DefiLlama team is forking Defillama. Defillama is undergoing a hostile takeover. There is an ongoing attempt to launch a token that does not represent us. We don't want to be associated with it. Use and llamadotfi instead!"

DefiLlama's parent company accused "0xngmi and a few team members" of trying to seize DefiLlama's intellectual property while "inaccurately claiming the rightful owner to be doing a hostile takeover." However, a day later, the team seems to have reached an understanding and clarified that there was no LLAMA token planned and apologized for the misunderstanding.

In a Twitter thread, DefiLlama put the issue down to "poor communication and a misunderstanding within the team" and vowed to operate in a more transparent manner to prevent a recurrence. Oxngmi confirmed that the internal issues had been resolved and that all work would continue on DefiLlama.

Contributor Tendeeno also confirmed that after "back and forth," the team had resolved the issues and would continue to run DefiLlama "as normal." The website that 0xngmi had urged the community to switch to now redirects to the official DefiLlama platform.

DefiLlama is a world-renowned multichain DeFi analytics platform that provides data on total value locked and trading volume on DeFi platforms so seeing the platform's resolution of the internal conflict has put everyone at ease. 

In conclusion, no tokens, just llamas.


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