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Hostile Takeover Fears: DefiLlama Co-Founder Exposes Internal Rift over Token Launch – What’s Going On?

Decentralized finance (DeFi) platform DefiLlama might be facing a potential hostile takeover, as disputes among primary team members have come to light.

This internal disagreement stems from the introduction of a new token named LLAMA by DefiLlama’s top brass. It’s alleged by multiple anonymous Twitter users that this launch lacks the backing of essential staff members.

0xngmi, an unidentified DefiLlama developer, first broke the news on Twitter regarding the split and the forthcoming token. In his tweets, he asserted that the new token “does not represent us.” He implied that the division was primarily instigated by an individual’s decision. In subsequent tweets, 0xngmi revealed that the developers responsible for crafting DefiLlama intend to depart from the original project and transition to a newly forked initiative.

“CAUTION: Refrain from trusting any messages or tokens from @Defillama or Defillama.com,” the developer asserted, emphasizing that these channels are now under the helm of the individual pushing for the token’s launch.

The unidentified developer further guided users to turn to llama.fi and its associated Twitter handle @llamadotfi as their go-to resources. He described this new platform as a fork of DefiLlama, crafted by the very developers behind the original, much-loved site.

Corroborating 0xngmi’s statements, another Twitter user named Tendeeno, professing to be a developer of projects affiliated with the Llama brand, credited 0xngmi with being the primary force behind DefiLlama’s success, attributing “at least 90%” of its triumph to him.

Further, Tendeeno shed light on the internal strife, pointing out that a co-founder of DefiLlama declared the intention to roll out the LLAMA token irrespective of the consensus—or lack thereof—within the DefiLlama team. Such unilateral actions are why this move is being dubbed “a hostile takeover.”

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