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The disagreement between the founders and a developer over the LLAMA token resulted in the forking of the DefiLlama blockchain on March 19.
Token Launch Splits DeFi Platform
One of the employees on the DefiLlama team forked the decentralized finance analytics platform over the weekend over a conflict regarding the company’s plans to launch a token. It all started when the founders decided to launch the LLAMA token. The matter was highly contested by a developer from the team, who claimed that the employees do not support the token launch, which is being pushed by the founders.
From DefiLlama To Llama.fi
On March 19, the developer, going by the pseudonym 0xngmi, announced on Twitter that the team would be forking the platform due to a “hostile takeover” orchestrated by the founders who are launching a token without employee support.
“The DefiLlama team is forking Defillama…There is an ongoing attempt to launch a token that does not represent us. We don't want to be associated with it. Use http://llama.fi and @llamadotfi instead!”
The announcement clearly reveals that the team working on the DefiLlama platform over the last three years does not agree with the new course of action and has thus chosen to fork the platform and start afresh on Llama.fi instead.
Support For Founders
On the other hand, the corporate team at DefiLlama has called out the action of the developers. The Llama Corp. team said,
“0xngmi and a few team members have gone rogue, they are actively looking to seize DefiLlama IP and community while inaccurately claiming the rightful owner to be doing a hostile takeover.”
The founders of DefiLlama, Charlie Watkins and Ben Hauser, have received support from other key individuals involved in the DeFi space. Prominence Yearn.finance founder and DeFi architect-extraordinaire Andre Cronje extended his support for the co-founders, claiming that they have taken the step necessary for the financial well-being of the project.
“Easy to be ideological when you aren’t paying the bills. Charlie has been out of pocket funding all of defillamas expenses for years, it isn’t cheap. Watching everyone turn on everything he has done is disgusting. Him trying to stop the bleeding isn’t greed, it’s sustainability. Let’s see how long they last without his ‘free money.’ They’ll be raising or adding ads or a token soon enough.”
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.