A dispute has broken out on Decentralized Finance (DeFi) data aggregator DefiLlama after employees reject the firm’s plan to launch a crypto token. One pseudonymous employee identified as 0xngmi tweeted that the data firm has launched the crypto token without support. He has therefore forked a version of the DefiLlama platform and has hosted it as Llama.fi.
0xngmi believes that the person in charge of the DefiLlama Twitter account and website domain is the perpetrator of this act. The developer tagged the launch of the token to be a “hostile takeover” without employees’ support which has now led to splitting the blockchain data platform. “There is an ongoing attempt to launch a token that does not represent us. We don’t want to be associated with it.”
“That is why we (the DefiLlama team who have built the site you all know and love for the past three years) have decided to fork Defillama and start fresh on llama.fi and @llamadotfi.” At the same time, he encouraged users to disregard any information or communication about the token from the DefiLlama.com website or its official Twitter account. 0xngmi plans to reach as many DefiLlama users as possible and asked that the announcement be retweeted severally.
Another pseudonymous user dubbed Tendeeno who claimed to be an unpaid contributor to LlamaX projects confirmed that “there was someone planning to launch a LLAMA token without approval of a single person on the defillama team.”
DeFiLlama Team Member Says Token Would Distract
Based on the explanation offered by Tendeeno, 0xngmi who has been more than 90% in charge of the project is against the launch of a token because “the token wouldn’t have value as defillama is not a protocol and tokens *can not* legally be a form of equity,” also “tokens distract people via “y number go down” messages.”
Although LlamaCorp tagged this movement by 0xngmi and the others to be a “rogue” plan, it is not known for certain if the launch of the token would be suspended.
In other news, Ethereum (ETH) Layer 2 scaling solution Arbitrum has launched its native governance token ARB alongside a self-executing decentralized autonomous organization (DAO) governance model. The first airdrop for the token is barely three days away Based on the announcement made by the protocol. About 10 billion units will be airdropped n this first phase.
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