The decision to launch the token did not sit well with most DefiLlama contributors who have now openly rejected it.
There is an ongoing dispute among the employees of the decentralized finance analytics dashboard DefiLlama. According to an employee simply identified as 0xngmi, the company’s founders are planning a ‘LLAMA’ token launch without as much as soliciting employee support.
Comparing the plan to a “hostile takeover,” 0xngmi has now distanced himself and other developers from the proposed launch. Hence, causing the team of developers to fork a new version of the blockchain data platform. In a March 19 Twitter thread, 0xngmi wrote in part:
“There is an ongoing attempt to launch a token that does not represent us. We don’t want to be associated with it.”
DefiLlama had hinted about an upcoming token airdrop following an announcement that its aggregator platform has reached $5 billion in volume. Interestingly, the platform was just launched in January.
The decision to launch the token, however, did not sit well with most DefiLlama contributors who have now openly rejected it. A pseudonymous 0xKofi raised concerns that the person who registered DefiLlama’s Twitter and domain was pushing the token launch agenda. More so, the person is doing it against the wishes of everyone else on the team. Tendeeno, another contributor to Llama Corp. projects took to Twitter to write:
“Long story short, there was someone planning to launch a LLAMA token without the approval of a single person on the DeFiLlama team.”
DefiLlama Responds, Says Resolution Is in the Works
According to DefiLlama’s parent company, Llama Corp, there is no such thing as a hostile takeover. If anything, 0xngmi and others are the ones looking to seize DefiLlama IP and community while misrepresenting the rightful owner, says a post on the Round Up Telegram account of the company.
Nonetheless, the company says it hopes to resolve things privately and amicably as soon as possible.
DefiLlama was co-founded by Charlie Watkins and Ben Hauser who both have always kept a low profile.
Read other blockchain news on Coinspeaker.
Mayowa is a crypto enthusiast/writer whose conversational character is quite evident in his style of writing. He strongly believes in the potential of digital assets and takes every opportunity to reiterate this.
He’s a reader, a researcher, an astute speaker, and also a budding entrepreneur.
Away from crypto however, Mayowa’s fancied distractions include soccer or discussing world politics.
