Launched new platform “Llama.Fi”
0xngmi, the developer of the DeFi (decentralized finance) analytics platform “DefiLlama,” announced on the 19th that it will fork the platform. There seems to be a dispute within the company.
The DefiLlama team is forking Defillama@Defillama is undergoing a hostile takeover
There is an ongoing attempt to launch a token that does not represent us.
Use https://t.co/G0h4uBo2mL and @llamadotfi instead!
— 0xngmi (llamazip arc) (@0xngmi) March 19, 2023
0xngmi emphasized that no hacking occurred, but explained the situation as follows:
The person who manages both Defillama’s twitter and domain decided to launch their own token, even though the rest of the team didn’t want it.
That’s why our team at DefiLlama launched a new platform: Llama.Fi.
He also added that a “hostile takeover” was about to take place. About the new platform “Llama.Fi”, Mr. 0xngmi explained that it is a DeFi TVL (total deposit amount) information aggregation site. He continued, “We’re going to get rid of ads and things like that, provide accurate data, and be more transparent.”
What is DeFi (decentralized finance)?
Refers to financial services or systems that utilize blockchain and are performed in the absence of a central administrator. Abbreviation for “Decentralized Finance.” DeFi financial services include stablecoin issuance, currency lending, and cryptocurrency exchanges. Many platforms use the Ethereum blockchain.
▶️Cryptocurrency Glossary
What is DefiLlama
DefiLlama is a website that provides data on DeFi trading volume, fees, and much more. It also operates an aggregator that helps people trade at the best prices from various decentralized exchanges (DEXs).
DefiLlama reported on the 19th that the trading volume on its aggregator platform, which it launched in early January, reached approximately 660 billion yen ($5 billion). “DeFiLlama contributors and users may have a pleasant surprise,” he tweeted, hinting at a token airdrop.
Daily users are growing steadily and currently average around 3,000 per day. pic.twitter.com/tskUBFYglC
—DefiLlama.com (@DefiLlama) March 18, 2023
To date, the aggregator says it has 63,280 unique users, making a total of about 410,000 transactions, averaging 3,000 daily users.
“There was someone who was planning to launch the LLAMA token,” said Tendeeno, who said he worked on the project for DefiLlama’s parent company, Llama Corp.
0xngmi is the top contributor of the DefiLlama app on Github. Some of the other top code contributors on the Github repository also shared 0xngmi’s message about moving to the new platform.
Denied by parent company
Meanwhile, DefiLlama’s parent company, Llama Corp, has denied that a hostile takeover is about to take place. He explained as follows.
Llama Corp, which has operated DefiLlama for the past three years, will continue to run the business. I regret Mr. 0xngmi’s actions. We want to resolve matters personally and amicably.
DefiLlama said that its Telegram account is also an inaccurate claim that a hostile takeover is underway, with 0xngmi and others “attempting to seize DefiLlama’s intellectual property (IP) and community.” said.
