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News

DefiLlama Decides Not To Issue Tokens, Ending Community Controversial Drama

March 21, 2023 - Around 2 mins mins to read

Key Points:

  • DefiLlama is not developing a LLAMA token, and the platform said on Twitter after an internal debate surfaced over the weekend.
  • Earlier, 0xngmi announced that another team member decided to launch the platform’s own token.
  • After an internal discussion, the team decided to leave everything behind and discuss with the community when there is an airdrop.
The civil war within the DefiLlama team seems to have ended, as the platform has informed users on Twitter that it will not issue LLAMA tokens.
DefiLlama Decides Not To Issue Tokens, Ending Community Controversial Drama

First, the DeFiLlama team apologized to the community for “poor communication and a misunderstanding within the team.”

Next, the platform said there would be no plans for the LLAMA token, the airdrop plans will have to be discussed with the community in advance.

Before, the narrative began with a Twitter account called 0xngmi, the creator of Llama.Fi. As a result, this individual said that Llama.Fi is a TVL analysis tool built by the old DefiLlama team. In March 2023, a new Llama.Fi Twitter account was formed.

When 0xngmi stated that another team member had opted to develop DefiLlama’s own token, the fight of kings began. Nevertheless, this choice was not supported by the whole crew.

“There is an ongoing attempt to launch a token that does not represent us,” 0xngmi said.

Of course, this individual continues to adhere to his choice. Having no other option, the remainder of the crew opted to give up the project’s former Twitter account and website name. Instead, they invest in a new platform that uses the same spanking new Llama.Fi.

Except for the deletion of connections to a few tools, such as the DefiLlama-branded news website DLNews and Web3 infrastructure provider LlamaNodes, the website resembles defillama.com.

Now, through a team discussion (probably), the final decision has been made. The team “would like to put what happened behind us,” making the community following the project more “peaceful.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Harold

Coincu News

0xngmi

DefiLlama

Llama

Llama.Fi

Avatar of Harold

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

DefiLlama Decides Not To Issue Tokens, Ending Community Controversial Drama

Key Points:

  • DefiLlama is not developing a LLAMA token, and the platform said on Twitter after an internal debate surfaced over the weekend.
  • Earlier, 0xngmi announced that another team member decided to launch the platform’s own token.
  • After an internal discussion, the team decided to leave everything behind and discuss with the community when there is an airdrop.
The civil war within the DefiLlama team seems to have ended, as the platform has informed users on Twitter that it will not issue LLAMA tokens.
DefiLlama Decides Not To Issue Tokens, Ending Community Controversial Drama

First, the DeFiLlama team apologized to the community for “poor communication and a misunderstanding within the team.”

Next, the platform said there would be no plans for the LLAMA token, the airdrop plans will have to be discussed with the community in advance.

Before, the narrative began with a Twitter account called 0xngmi, the creator of Llama.Fi. As a result, this individual said that Llama.Fi is a TVL analysis tool built by the old DefiLlama team. In March 2023, a new Llama.Fi Twitter account was formed.

When 0xngmi stated that another team member had opted to develop DefiLlama’s own token, the fight of kings began. Nevertheless, this choice was not supported by the whole crew.

“There is an ongoing attempt to launch a token that does not represent us,” 0xngmi said.

Of course, this individual continues to adhere to his choice. Having no other option, the remainder of the crew opted to give up the project’s former Twitter account and website name. Instead, they invest in a new platform that uses the same spanking new Llama.Fi.

Except for the deletion of connections to a few tools, such as the DefiLlama-branded news website DLNews and Web3 infrastructure provider LlamaNodes, the website resembles defillama.com.

Now, through a team discussion (probably), the final decision has been made. The team “would like to put what happened behind us,” making the community following the project more “peaceful.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Harold

Coincu News