DeFi Llama refuses to launch its own token

The DeFi Llama team has stated that there are no plans to issue a token, which led to internal conflict with the advent of a fork of the analytical platform.

1/3 The DeFiLlama team would like to apologize for the events that unfolded yesterday, as a result of poor communication and a misunderstanding within the team.

— DefiLlama.com (@DefiLlama) March 20, 2023

The day before, a developer under the nickname 0xngmi, on behalf of the team, announced the launch of a DeFi Llama fork called llama.fi. He called the reason for the split of the project a disagreement with the decision to issue a platform token, which was made by “the person who controls the Twitter account and the defillama domain.”

The new platform was an exact copy of DeFi Llama. At the time of writing, the llama.fi domain automatically redirects to the original platform.

2/3 We would like to put what happened behind us. There is no LLAMA token currently planned, and any airdrop will be discussed with the community, as every important decision is.

We will take steps to operate in a more transparent manner to ensure this doesn’t happen again.

— DefiLlama.com (@DefiLlama) March 20, 2023

The platform team emphasized that they intend to follow a more transparent policy in order to avoid a repetition of events. All departments behind the project, LlamaCorp, will continue to work together on it.

According to DeFi Llama, in early March, the volume of blocked funds in DeFi protocols fell to $41.7 billion, and Lido took the lead with $8.41 billion.