Source: UnsplashA hostile takeover for decentralized finance (DeFi) resource DefiLlama could be underway, as an internal rift between key team members has come to light.
The internal break is related to the launch of a token for DefiLlama called LLAMA, which will be launched by DefiLlama's senior management without the support of key employees, several anonymous Twitter users claimed.
News of the fork and token launch was first shared on Twitter by anonymous developer DefiLlama 0xngmi, who said the new token "does not represent us." He also suggested in the same Twitter thread that the fork was the result of the actions of a single person:
Later in the thread, 0xngmi said that the developer team that created DefiLlama has now decided to abandon the original project and move to a newly created project.
“DO NOT TRUST ANY COMMUNICATION OR TOKENS FROM @Defillama or Defillama.com,” he wrote, noting that both channels are now controlled by the person wanting to launch a token.
The anonymous developer explained that users should now use llama.fi, with the Twitter handle @llamadotfi. It's the new platform derived from DefiLlama by the developers "who built the site everyone knows and loves," she wrote.
Endorsing 0xngmi, Twitter user Tendeeno, who claimed to be a developer of related projects under the Llama brand, said that 0xngmi is "at least 90% responsible for the success it is today."
He also explained that the DefiLlama co-founder said that the LLAMA token would be launched “with or without the approval of a single member of the DL team,” saying that is why it is considered “a hostile takeover.”
DefiLlama is a platform for tracking DeFi metrics, including token prices, trading volumes, and Total Value Locked (TVL) across various DeFi protocols. The platform is part of the Llama Corp. developer collective and claims to have more than 10 million monthly users.