DefiLlama website splits as one founder pushes for crypto token launch

Mar. 19, 2023

By Mike Dalton

The decentralized finance leaderboard site now exists in two locations.

DefiLllama, a decentralized finance data site, is disputing its leadership as a single team member has attempted to launch a token without wider approval.

Two “llama” sites now exist

DefiLlama was originally launched circa October 2020 at defillama.com. Now, a nearly identical site has been launched at llama.fi.

0xngmi, one member of the DefiLlama project, said on March 19 that the majority of the team launched the second site due to a “hostile takeover.” He explained that there is an “ongoing attempt” to launch a crypto token without the team’s approval.

Another member, Tendeeno, said that 0xngmi’s statements were legitimate. He further suggested that just one individual — 0xLlam4 — is attempting to launch the token.

Tendeeno acknowledged that 0xLlam4 created DefiLlama but said that 0xngmi became responsible for development after joining the team. He also asserted that 0xngmi is responsible for salaries, leads the team, and is DefiLlama’s legal majority owner.

0xLlam4 reportedly intends to launch a token against the team’s wishes due to a lack of site revenue. Because 0xLlam4 controls the DefiLlama website and its Twitter account, other members of the group cannot directly prevent this outcome.

0xLlam4 has made few public statements, and it is unclear if or when he intends to release the alleged crypto token. His Twitter profile is currently private and there does not appear to be any means of contacting the developer.

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