Business News Report
March 21, 2023

DeFiLlama Cancels the Fork, Says There Will Be No Token Launch

The largest DeFi analytics dashboard DeFiLlama has canceled the fork after a miscommunication and internal company conflicts. 

DeFiLlama was launched by Llama Corp, a collective that builds the “decentralized future with data analytics.” The organization also works with infrastructure, payments, cross-chain, and media solutions.

The platform tracks popular chains and their decentralized applications, aggregates data and presents it. All the data is open source. The company focuses on accurate information and transparent methodology. However, this weekend, DeFiLlama confused its users with a miscommunication statement, which was published following an internal company conflict. On Sunday, a tweet posted by the platform’s co-founder, 0xngmi, directed individuals to a forked version of the platform:

The tweet made users believe that the company was compromised or hacked. At the same time, the community started expecting the LLAMA token launch, even though no one knew anything about the event in advance. The potential token was not approved by all DeFiLlama executives.

On March 20, the company resolved the internal conflict and posted an apology tweet on its official account: 

“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.”

The organization clarified that it was not planning to launch any tokens in the near future. In fact, DeFiLlama stated that such events are to be discussed and voted on by the community. 

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About The Author

Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at [email protected]

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Valeria Goncharenko
Valeria Goncharenko

Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at [email protected]

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