DefiLlama, an on-chain information platform for decentralized finance (DeFi) projects, issued an apology on March 20th for causing confusion with its recent airdrop announcement. The project stated that it would cancel its token launch plan until there were changes in the future.
According to AZCoin News, the control account of DefiLlama’s domain name unilaterally deployed tokens while other project members disagreed.
The project’s founder, known as 0xngmi, criticized 0xLlam4, another co-founder, for deciding to issue tokens despite opposition from other developers. In response, 0xngmi decided to build a new website for the project under the domain name llama.fi, stating that the new token did not represent DefiLlama.
“Don’t believe any information about any token from DefiLlama,” 0xngmi declared. Tendeeno, a developer on DefiLlama, claimed that 0xLlam4 was at fault, adding that 0xLlam4 controls the company’s domain name and Twitter account and could announce a token at any time.
Meanwhile, LlamaIntern.eth, another member of the project, accused 0xngmi and others of trying to block DefiLlama’s IP address while attempting to take over ownership of the project.
On March 20th, DefiLlama’s Twitter account confirmed that the project had no plans to launch the LLAMA token at the moment and wanted to “put aside what happened.” The project emphasized that it would consult with the community before the airdrop because all important decisions needed user input.
“DefiLlama wants to apologize for the events that occurred yesterday (March 19th) due to misunderstandings within the project,” the company wrote on Twitter. As rumors and disputes erupted, 0xngmi called on followers to use llama.fi. The llama.fi domain name has now redirected users back to the old defillama website, showing that the conflict within DefiLlama has been somewhat resolved.
Members of the project on Discord appeared relieved when developers reassured the community. Earlier, the dispute between the project’s two leaders had caused some to voice concerns about the website being hacked or attacked.
“It’s great to see you guys have figured out a way to keep the project team,” said a user named 0xSerdar.
The announcement was posted on one of DefiLlama’s Telegram channels, claiming that 0xngmi had committed “fraud” and was trying to take over the company’s IP address, which was later deleted. After the incident, DefiLlama promised not to let similar issues happen again.
DefiLlama stated that they will take steps to operate in a more transparent manner and ensure that such incidents do not occur again. They also mentioned that the company will continue to collaborate towards developing open and transparent solutions.
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This article was republished from azcoinnews.com
