fbpx
  • About Us
  • Contact
  • Sponsored Content
  • Price Tracker
  • Write for Us
  • Terms and Conditions
Coin Culture
  • Markets
  • Policy
  • Tech
  • People
  • Business
  • 101 Guide
    • Bitcoin Guide
    • Blockchain Guide
    • Ethereum Guide
    • DeFi Guide
    • Trading Guide
    • ICO guide
    • Bitcoin Cash Guide
    • Ripple Guide
    • NFT
    • Dogecoin guide
  • Hot topics
    • NFT
    • Metaverse
    • Games
    • Forecast
  • Exchanges
    • Crypto Exchange Reviews
      • CoinSpot Review
      • Crypto.com Review
      • Crypto.com Review
      • Swyftx Review
    • Exchange Comparisons
      • CoinSpot vs Swyftx
      • CoinSpot vs Digital Surge
      • CoinSpot vs Coinbase
      • Coinspot vs Binance
      • CoinSpot vs Kraken
      • CoinSpot vs Independent Reserve
      • CoinSpot vs Bitfinex
      • Coinspot vs Plus500
      • CoinSpot vs Bittrex
      • CoinSpot vs BTC Markets
      • CoinSpot Vs Etoro
      • CoinSpot vs Cointree
      • CoinSpot vs KuCoin
      • Crypto.com Vs Coinbase
      • Crypto.com vs Binance
      • Swyftx vs. Independent Reserve
      • Swyftx vs. CoinJar
      • KuCoin vs. Coinbase
No Result
View All Result
Coin Culture
  • Markets
  • Policy
  • Tech
  • People
  • Business
  • 101 Guide
    • Bitcoin Guide
    • Blockchain Guide
    • Ethereum Guide
    • DeFi Guide
    • Trading Guide
    • ICO guide
    • Bitcoin Cash Guide
    • Ripple Guide
    • NFT
    • Dogecoin guide
  • Hot topics
    • NFT
    • Metaverse
    • Games
    • Forecast
  • Exchanges
    • Crypto Exchange Reviews
      • CoinSpot Review
      • Crypto.com Review
      • Crypto.com Review
      • Swyftx Review
    • Exchange Comparisons
      • CoinSpot vs Swyftx
      • CoinSpot vs Digital Surge
      • CoinSpot vs Coinbase
      • Coinspot vs Binance
      • CoinSpot vs Kraken
      • CoinSpot vs Independent Reserve
      • CoinSpot vs Bitfinex
      • Coinspot vs Plus500
      • CoinSpot vs Bittrex
      • CoinSpot vs BTC Markets
      • CoinSpot Vs Etoro
      • CoinSpot vs Cointree
      • CoinSpot vs KuCoin
      • Crypto.com Vs Coinbase
      • Crypto.com vs Binance
      • Swyftx vs. Independent Reserve
      • Swyftx vs. CoinJar
      • KuCoin vs. Coinbase
No Result
View All Result
Coin Culture Logo
No Result
View All Result

Home » DefiLlama Team Fractures Over Potential Token Issuance

DefiLlama Team Fractures Over Potential Token Issuance

Van Tran by Van Tran
March 21, 2023
in Business
DefiLlama Team Fractures Over Potential Token Issuance
Share on FacebookShare on Twitter

DefiLlama was first introduced around October 2020 on defillama.com. A virtually identical website, llama.fi, has been launched.

You might also like

Metropolitan Museum of Art To Return $550K In FTX Donations

Binance Australia Services Amid Global Crypto Debanking Trend

Japan’s Airline ANA Releases NFT Marketplace, Embracing Metaverse Projects

A member of the DefiLlama project, 0xngmi, stated on March 19 that most of the team had launched the second site due to a hostile takeover. He explained that an ongoing attempt is being made to establish a cryptocurrency token without team approval.

The DefiLlama team is forking Defillama@Defillama is undergoing a hostile takeover

There is an ongoing attempt to launch a token that does not represent us. We don’t want to be associated with it

Use https://t.co/G0h4uBo2mL and @llamadotfi instead!

— 0xngmi (llamazip arc) (@0xngmi) March 19, 2023

Tendeeno, another member, stated that 0xngmi’s statements were valid. He further suggested that 0xLlam4 is the only individual endeavouring to activate the token.

Tendeeno acknowledged that 0xLlam4 created DefiLlama, but stated that, after joining the team, 0xngmi assumed responsibility for its development. He added that 0xngmi is responsible for salaries, oversees the team, and is the legal majority proprietor of DefiLlama.

(6/12)

The cofounder of DL said they would launch the token **with or without the approval of a single member of the DL team**

That’s why this is being viewed as a hostile takeover of DL… as the project’s value and reputation would be wrapped up in this token.

— Tendeeno (@Tendeeno_) March 19, 2023

Due to a lack of site revenue, 0xLlam4 reportedly intends to introduce a token against the team’s desires. Due to 0xLlam4’s control over the DefiLlama website and Twitter account, other group members cannot actively prevent this outcome.

0xLlam4 has made few public statements, and whether or when he plans to release the purported cryptocurrency token is still being determined. The developer’s Twitter profile is private, and there is no way to contact him.

Both sites offer a leaderboard that lists various DeFi projects and displays the total quantity of crypto secured in these projects. CryptoSlate has utilised the site’s data in several recent reports on liquid staking, stablecoin layer 2 inflows, Cardano’s DeFi network, and Huobi exchange outflows.

Although llama.fi appears to have the support of most of the team; it’s uncertain whether the site will successfully attract users, given that defillama.com has been operational for over two years.

If the two parties agree, the two sites may be reunited.

Tags: BusinessFeature
Van Tran

Van Tran

Recommended For You

Metropolitan Museum of Art To Return $550K In FTX Donations

by Van Tran
June 6, 2023
0
Metropolitan Museum of Art To Return $550K In FTX Donations

The Metropolitan Museum of Art has decided to return $550,000 in donations it received from the now-collapsed crypto exchange FTX. This announcement was confirmed by the New York-based...

Read more

Binance Australia Services Amid Global Crypto Debanking Trend

by Van Tran
June 5, 2023
0
Binance Australia Services Amid Global Crypto Debanking Trend

Amid the global trend of crypto businesses being debanked, Binance users face limited options for buying crypto in Australia. As of 5:00 pm local time on June 1,...

Read more

Japan’s Airline ANA Releases NFT Marketplace, Embracing Metaverse Projects

by Van Tran
June 3, 2023
0
Japan’s Airline ANA Releases NFT Marketplace, Embracing Metaverse Projects

All Nippon Airways (ANA) has recently unveiled the ANA GranWhale NFT Marketplace, which offers a wide range of aviation photography, digital collectibles, etc. The marketplace was developed by...

Read more

No AUD for Binance? What are the alternatives?

by Lucas N
June 1, 2023
0
No AUD for Binance? What are the alternatives?

Binance, an international cryptocurrency exchange that some Australians trusted, recently made a devastating change that has left its users disappointed. Following the footsteps of FTX, another international platform...

Read more

Genesis and Gemini Seek Dismissal of SEC Lawsuit Over Earn Program

by Van Tran
May 31, 2023
0
Genesis and Gemini Seek Dismissal of SEC Lawsuit Over Earn Program

Genesis Global Capital and Gemini, both facing bankruptcy, have submitted court filings requesting the dismissal of a lawsuit brought by the Securities and Exchange Commission (SEC). According to...

Read more
Next Post
UBS To Acquire Credit Suisse For Almost $3.25B To Calm Turmoil

UBS To Acquire Credit Suisse For Almost $3.25B To Calm Turmoil

Most popular

  • No AUD for Binance? What are the alternatives?

    No AUD for Binance? What are the alternatives?

    152 shares
    Share 61 Tweet 38
  • Shiba Inu Price Prediction 2023-2030: Is SHIB Worth Your Investment?

    97 shares
    Share 39 Tweet 24
  • 20 Best Crypto Copy Trading Platforms: A Curated List 2023

    312 shares
    Share 125 Tweet 78
  • Guide To Crypto Twitter: Influencers, Traders And Ventures 2023

    1018 shares
    Share 407 Tweet 254
  • Ethereum Price Prediction 2023-2030: Is It A Good Investment?

    106 shares
    Share 42 Tweet 27

Recommended

Solana Price Prediction 2023-2031: Can $SOL Rebound to $50?

Solana Price Prediction 2023-2031: Can $SOL Rebound to $50?

June 8, 2023
Crypto Taxes: What You Need to Know About Reporting Crypto Income

Crypto Taxes: What You Need to Know About Reporting Crypto Income

June 7, 2023
Shiba Inu Price Prediction 2023-2030: Is SHIB Worth Your Investment?

Shiba Inu Price Prediction 2023-2030: Is SHIB Worth Your Investment?

June 7, 2023
SEC Sues Binance In US District Court For Mishandling Billions Of Dollars

SEC Sues Binance In US District Court For Mishandling Billions Of Dollars

June 7, 2023
Facebook Twitter Instagram
coin culture logo

Your Australian news source for all things cryptocurrency. Coin Culture is an independent media outlet that aims to provide an Aussie take on crypto, digital assets, and investing.

Hot Topics

  • DeFi
  • NFT
  • Gaming

Top articles

CoinSpot Review
Swyftx Review
Best Crypto Exchanges Australia
CoinSpot vs Swyftx

BROWSE BY TAG

Adoption Altcoin News Banks Bitcoin Bitcoin News btc Business Cardano Cardano News CBDC China CoinSpot Crypto Cryptocurrencies Crypto Exchange DeFi Dogecoin News El Salvador ETF Ethereum Exchanges Feature FTX Games hacks Markets Metaverse Mining NFT NFT Game Opinion People Policy and Regulation SAM SEC Security Solana Stablecoins Tech Terra Top Crypto News Australia | CoinCulture Trading U.S. US web3

© 2022 CoinCulture. All rights reserved.

No Result
View All Result
  • Markets
  • Policy
  • Tech
  • People
  • Business
  • 101 Guide
    • Bitcoin Guide
    • Blockchain Guide
    • Ethereum Guide
    • DeFi Guide
    • Trading Guide
    • ICO guide
    • Bitcoin Cash Guide
    • Ripple Guide
    • NFT
    • Dogecoin guide
  • Hot topics
    • NFT
    • Metaverse
    • Games
    • Forecast
  • Exchanges
    • Crypto Exchange Reviews
      • CoinSpot Review
      • Crypto.com Review
      • Crypto.com Review
      • Swyftx Review
    • Exchange Comparisons
      • CoinSpot vs Swyftx
      • CoinSpot vs Digital Surge
      • CoinSpot vs Coinbase
      • Coinspot vs Binance
      • CoinSpot vs Kraken
      • CoinSpot vs Independent Reserve
      • CoinSpot vs Bitfinex
      • Coinspot vs Plus500
      • CoinSpot vs Bittrex
      • CoinSpot vs BTC Markets
      • CoinSpot Vs Etoro
      • CoinSpot vs Cointree
      • CoinSpot vs KuCoin
      • Crypto.com Vs Coinbase
      • Crypto.com vs Binance
      • Swyftx vs. Independent Reserve
      • Swyftx vs. CoinJar
      • KuCoin vs. Coinbase

© 2022 CoinCulture. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.
  • bitcoinBitcoin(BTC)$26,619.001.04%
    BITCOIN
    24H : 1.04%
    Volume : $11,937,701,539.00
    Marketcap : $516,073,549,391.00
  • ethereumEthereum(ETH)$1,851.930.600%
    ETHEREUM
    24H : 0.600%
    Volume : $5,035,760,055.00
    Marketcap : $222,501,876,439.00
  • tetherTether(USDT)$1.0000.130%
    TETHER
    24H : 0.130%
    Volume : $17,403,777,043.00
    Marketcap : $83,315,734,515.00
  • binancecoinBNB(BNB)$264.771.84%
    BNB
    24H : 1.84%
    Volume : $885,354,847.00
    Marketcap : $41,245,790,437.00
  • usd-coinUSD Coin(USDC)$1.0000.110%
    USD COIN
    24H : 0.110%
    Volume : $2,880,263,625.00
    Marketcap : $28,446,830,697.00

Add New Playlist