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

Crypto Ecosystems • July 10, 2023, 12:41PM EDT
UPDATED: July 10, 2023, 2:14PM EDT
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.
The Aave community has approved a $2 million token swap to procure BAL-WETH liquidity pool tokens from the DeFi protocol, Balancer.
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Editor

To contact the editor of this story: Nathan Crooks at [email protected]

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