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DeFiLlama apologizes for internal conflict over LLAMA token launch
Decentralized financial analytics firm DeFiLlama apologized for the internal conflict that brewed over the weekend. In an update shared on Twitter, the team cited "poor communication and a misunderstanding." The drama revolves around a native LLAMA token. However, the team confirmed that there are no plans to launch the currently planned token and any airdrop will be discussed with the community while assuring that the necessary steps will be taken to “work in a more transparent way to ensure this does not happen again.” The drama It all started with a rift between pseudonymous co-founders – 0xLlam4 and…
DeFiLlama apologizes for internal conflict over LLAMA token launch
Decentralized financial analytics firm DeFiLlama apologized for the internal conflict that brewed over the weekend. In an update shared on Twitter, the team cited "poor communication and a misunderstanding." The drama revolves around a native LLAMA token.
However, the team confirmed that there are no plans to launch the currently planned token and any airdrop will be discussed with the community while assuring that the necessary steps will be taken to “work in a more transparent way to ensure this does not happen again.”
The drama
It all started with a rift between pseudonymous co-founders – 0xLlam4 and 0xngmi – due to the lack of revenue from the project. As explained by a pseudonymous DeFiLlama employee, “Tendeeno,” 0xLlam4 wanted to launch a DeFiLlama-branded token, but planned to do so “with or without the consent of an individual member of the team.” Although this claim was refuted by 0xLlam4, they provided no further explanation.
The DeFiLlama team, on the other hand, has always been against the introduction of a token. Tendeeno, for example, said such a launch would “tarnish” the project’s reputation. Notably, 0xLlam4 also controls DeFiLlama's Twitter account and domain. This sparked concerns that they could essentially announce a token at any time and “essentially hold the team hostage.”
0xngmi too confirmed the same. The co-founder claims that DeFiLlama was taken over in a hostile manner and directed people to a forked version of the blockchain data platform on Twitter. Less than an hour after the initial tweet, a message sent on one of the project's Telegram channels claimed that 0xngmi had "gone rogue."
resolution
A day later, 0xngmi stated that “everything has been resolved,” adding that the fork was canceled while planning to continue all work on DeFiLlama.
Signature verification https://t.co/4cVFncOOvb
— 0xngmi (Lamazip sheet) (@0xngmi) March 19, 2023
Meanwhile, Tendeeno also confirmed the same and tweeted,
"After much back and forth, the team has resolved the issues internally and decided to continue operating DL as usual. The team would like to move on and not continue the conversation in public, but rest assured that everyone at DL is happy with the outcome."
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