DefiLlama forked as internal dispute unfolds

Disputes within decentralized finance (DeFi) analytics dashboard DefiLlama led to one of its employees forking the platform over the weekend.

The controversy centers on the company’s token launch plans. On March 19, the pseudonymous developer of DefiLlama 0xngmi announced that the company’s team was forking a platform that was “subject to a hostile takeover”, allowing DefiLlama’s founders to sell their tokens without the support of their employees. accused of setting it up.

According to 0xngmi, the person who manages both defillama’s Twitter and domain decided to issue the token “despite not everyone on the team wanting it,” the developer said, adding that the “site The DefiLlama team that built […] For the last 3 years I decided to fork Defillama and start fresh at ”

“Simply put, someone was planning to launch the LLAMA token without the approval of one of the defillama teams.” Said Twitter pseudonymous user Tendeeno, who claims to have contributed to multiple projects for DefiLlama’s parent company, Llama Corp.

Cointelegraph reached out to 0xngmi and Llama Corp. but did not receive an immediate response. On their Telegram channel, Llama Corp. said:

“0xngmi and several team members are cheating and actively trying to seize the DefiLlama IP and community while incorrectly claiming that the rightful owners are conducting a hostile takeover. ”

Some Twitter users have shown their support for DefiLlama co-founders Charlie Watkins and Ben Hauser. Andre Cronje, DeFi architect and founder of, said:

“It’s easy to be ideological when you’re not paying the bills. Charlie has paid for all of Defilama’s expenses out of his own pocket for years. He’s trying to stop it. Bleeding isn’t greed, it’s sustainability. Let’s see how long it lasts without his “free money”.They will raise or add advertising and tokens soon.