Decentralized finance (DeFi) analytics platform DefiLlam has resolved an internal conflict that threatened to result in a “fork” of the platform.
The issue was first raised by developer 0xngmi, who claimed on Twitter on March 19 that DefiLlama was “subject to a hostile takeover” for launching a token called “LLAMA” without employee approval or support.
In response, DefiLlama’s parent company accused “0xngmi and several team members” of trying to seize its intellectual property and falsely accused the rightful owner of a hostile takeover.
However, just a day later, the internal conflict seems to have been resolved.
In a tweet on March 20, the DefiLlama team apologized for the incident and blamed it on “poor communication and misunderstanding within the team”. They also clarified that they have no plans to launch a new token and promised to work in a more transparent manner to prevent similar incidents from happening again.
0xngmi confirmed that the internal issues have been resolved and that he will remain with the team.
Tendeeno, a collaborator who primarily works on other projects under the Llama Corp. umbrella, also confirmed that the team has resolved the issues and decided to continue running DefiLlama “as normal.” They assured everyone that the team was satisfied with the result.
Who is Oxngmi?
Oxngmi is an anonymous technology entrepreneur and creator of on-chain data analytics, DeFiLlama and NFT lending platform Llamalend. Very little personal information is known about the crypto solutions provider, but its platforms continue to make waves in the crypto industry.
Oxngmi’s DeFi Llama remains one of the largest TVL aggregators for tracking popular chains and their dApps. Defi Llama uses TVL to show which protocols are the largest and how they evolve over time. It focuses on completely open, accurate data.
The data is maintained by a dedicated team from their respective DeFi protocol communities and coordinated through the DeFi Llama GitHub repo. As such, the dashboard is a reliable representation of the DeFi landscape.
Oxngmi’s second project is a non-volatile token (NFT) borrowing and lending protocol designed to solve the problem problem of NFT holders they need to obtain liquidity when holding their digital collectibles and primarily target small NFT collections.