Decentralized finance (DeFi) analytics Dashboard DefiLlama experienced a dispute, resulting in a fork of the platform over the weekend by one of its employees.
The dispute centers around the company’s plans to launch the token. On March 19, DefiLlama developer 0xngmi, under a pseudonym, announced that the firm’s team is forking a platform that is “undergoing a hostile takeover”, accusing the DefiLlama founders of launching the token without the support of their employees.
According to 0xngmi, the person who controls both Twitter and the defillama domain decided to launch the token “despite the fact that everyone on the team didn’t want to,” the developer said, before adding that “the DefiLlama team that created the site […] for the last three years decided to fork Defillama and start fresh on llama.fi.”
“In short, someone was planning to launch the LLAMA token without the approval of a single person on the defillama team,” tweeted a user using the pseudonym Tendeeno, who claims to be a member of several projects of Llama Corp., DefiLlama’s parent company.
Cointelegraph reached out to 0xngmi and Llama Corp. but received no immediate replies. In the Telegram channel of Llama Corp. says:
“0xngmi and several team members have gone scammers, actively seeking to take over DefiLlama’s IP address and community, erroneously claiming that the rightful owner is carrying out a hostile takeover.”
Some Twitter users support DefiLlama co-founders Charlie Watkins and Ben Houser. DeFi architect and founder of Yearn.finance Andre Cronje said:
“It’s easy to be ideological when you’re not paying your bills. Charlie financed all the costs of defillamas out of his own pocket for years, it’s not cheap. Watching everyone turn on everything he did is disgusting. He’s trying to stop the bleeding — that’s not greed, that’s stability. Let’s see how long they last without his “free money”. Soon they will raise or add an ad or a token.”
