DeFi protocol DefiLlama has resolved its internal conflicts and announced plans to launch a new token called LLAMA. The project’s developers have also promised to distribute its current Llama token to the community.
DefiLlama is a popular platform that tracks and displays the total value locked (TVL) in various DeFi protocols.The project has been plagued by internal strife recently, with co-founders threatening to leave the project and take their code with them.
The dispute centered around disagreements over the distribution of the Llama token and the project’s governance structure. After several weeks of negotiations team has announced that they have reached a resolutio. The project will continue as planned.
DefiLlama, a platform for analyzing decentralized finance, has overcome an internal conflict that threatened to split the team. But the dispute didn’t last long and project’s developers cleared everything in tweet.
On March 20, DefiLlama tweeted an apology, taking responsibility for “poor communication and a misunderstanding within the team.” The platform clarified that it wasn’t planning to issue a new token and promised to be more transparent in the future. As a result of the resolution 0xngmi confirmed that they would remain on the team and that the conflict had been resolved.
“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.”
Tendeeno also confirmed that the team had worked out the issues and would continue running DefiLlama as usual.