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Insiders explain the DefiLlama split: The two founders' decision on the zero-profit website

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DefiLlama has so far generated no profit, but the other co-founder can't wait any longer.

原文作者：Tendeeno（ DefiLlama社区贡献者， LlamaX 核心贡献者）

原文编译：Moni，Odaily

On March 19, the on-chain analysis platform DefiLlama Founder 0x ngmi Announced a split in the team over whether to issue the Token and has now launched a forked version of Llama.Fi. @Tendeeno, a key contributor to the LlamaX project, summed up what happened at DeFiLlama in a relatively unbiased way on social media.

The following is the original text

In fact, the crypto community should be aware that DefiLlama is not the only llama project. There are llamanodes, llamanews, and llamafolio, all of which operate completely independently. But DeFiLlama (DL), by contrast, has been 100 times more successful than any other project (which, of course, has very talented teams and believes they will succeed), DefiLlama now accounts for more than 95% of the value of all LlamaCorp projects.

DefiLlama is made by 0x LLam 4 initiate, 0x ngmi help build soon. ngmi took over all the work on the project, and it's no exaggeration to say that DefiLlama is now a success. At least 90 percent of the blame lies with ngmi, who not only leads the DefiLlama team but is also DefiLlama's majority shareholder.

The problem, however, is that DefiLlama has not generated any profits so far, which is what the whole team is working on...... But another co-founder. LLam 4 ) They decided they couldn't wait any longer, so they came up with a solution to make money quickly: DL Token.

Eg. But with the help of The group led by ngmi has been opposed to issuing tokens, arguing that they are fundamentally worthless because they are not. DefiLlama is not an agreement and the Token cannot legally be a form of equity. Not only that, but once the Token price drops, the attention will not be on the DefiLlama platform, but just on the price number.

Co-founder of DefiLlama 0x LLam 4 It was not accepted. ngmi's explanation, however, remains adamant that it will launch the Token regardless of whether it is approved by the DefiLlama team. At 0x In ngmi's view, this action is undoubtedly a "hostile takeover" of DefiLlama... Because he does not want the value and reputation of the project to be included in the Token.

Although subject to no team's approval Token may not be activated, let. What ngmi didn't expect was that "DL" had already started and had already written code to support it (DefiLlama co-founder 0x LLam 4 Without telling anyone). 0x ngmi believes that if the Token is issued, there really will be no turning back, which will forever tarnish DefiLlama's reputation and kill everything they have worked so hard to build over the years.

The real problem is that the co-founder has control of DefiLlama's official Twitter and domain name, which means they can announce a Token offering at any time. Essentially, the DefiLlama development team had been held hostage, so the DefiLlama team decided to:

If a DL issue is inevitable, the only way to do it is to fork DefiLlama with a new name and create a new Twitter and domain.

And that's why you'll see the DeFiLlama team announce that they're branching the project to Llama.fi.

Over the next few days, the crypto community is likely to see a back-and-forth between different contributors and employees at llamacorp over who is right and who is wrong. Frankly, it sucks for everyone involved to get to this point. To be clear, the DefiLlama team is still trying to find a solution. At best, this is a huge misunderstanding between the teams and things can be resolved amicably.

Note: @Tendeeno has specifically clarified that he is just an unpaid community contributor, not on any official team, but likes DefiLlama and wants to see them succeed.