- Blockchain data platform DefiLlama is in turmoil following its employee’s rejection of its Token Launch Plan.
- Now, the creators of one of DeFi’s prominent dashboards have made a dramatic shift.
An Internal conflict has broken out at DefiLlama, the popular blockchain data platform. Some DefiLlama employees appear to have rejected what has been referred to as a ‘rogue’ plan to launch a token, resulting in a rift within the organization.
A DefiLlama employee going by the alias 0xngmi has accused the company’s founders of launching a token without adequate support, causing a rift within the organization. 0xngmi has even forked the platform and hosted it as Llama.fi. In a recent tweet, the company hinted at a potential token airdrop, fueling the fire.
Llama Corp, the parent company of DefiLlama, has denied claims of a hostile takeover while noting that 0xngmi’s actions are independent.
In a statement to The Block, Llama Corp expressed regret over the situation and intends to “resolve things privately and amicably.” DefiLlama co-founders Charlie Watkins and Ben Hauser have yet to comment on the matter.
However, in a Telegram channel, Llama Corp. 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.”
DefiLlama’s data tracks the performance of decentralized finance projects, and its conflict risks damaging the platform’s reputation. The danger within DefiLlama also poses a threat to the platform’s operations because it may impair its ability to provide reliable data.
This situation highlights the dangers of a fracturing vision within the team. As observers piece together what has happened and, inevitably, take sides, the development has already begun to impact the organization’s structure significantly.
Some Twitter users backed DefiLlama co-founders Charlie Watkins and Ben Hauser. Andre Cronje, founder of Yearn.finance and DeFi architect, stated: “Easy to be ideological when you aren’t paying the bills. Charlie has been out of pocket funding all the 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.”
Finally, the DefiLlama dispute emphasizes the importance of addressing potential conflicts before they escalate, as internal disputes can have severe consequences for the platform’s operations and reputation.
Defi Llama, co-founded by Charlie Watkins and Ben Hauser, is a multi-chain TVL stats dashboard where a community contributes and maintains data connectors.