Crypto Ecosystems • July 10, 2023, 2:13PM EDT
Published 1 hour and 35 minutes earlier on
UPDATED: July 10, 2023, 2:14PM EDT

Aave DAO decides to swap to $2 million in Balancer LP tokens

Read the non-AMP story on Theblock.co
The Block

Quick Take

  • The Aave community approved a $2 million token swap to procure BAL-WETH liquidity pool tokens from DeFi protocol Balancer.
  • The Aave DAO will conduct the swap, using 310,000 BAL valued at $1.4 million and 326 units of wrapped ether worth $600,000 from its treasury.