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Aragon Project Adds $20 Million in Ether to Treasury for Safety Amid FTX Collapse

The Aragon Project increased the ether (ETH) holdings in its treasury by over $20 million in an attempt to improve its exposure to more censorship-resistant crypto assets.

Aragon swapped $20.4 million worth of USDC and wrapped bitcoin for ETH, according to its weekly report. . Ether tokens now account for about 42% of the Aragon treasury which is currently worth $153 million. Aragon swapped another $5.2 million worth of wrapped bitcoin for BTC. The project’s treasury rebalancing also included moving $20 million in USDC to the DAI stablecoin. 

(by Osato Avan-Nomayo)

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