The Aragon Project <a href="https://theeagleweekly.substack.com/p/25-november-2022-doubling-down-on?utm_source=direct&amp;r=cqeuk&amp;utm_campaign=post&amp;utm_medium=web" target="_blank" rel="nofollow noopener">boosted</a> its holdings of <a href="https://www.cryptoknowmics.com/news/ethereum-gambling-vs-other-cryptocurrencies">ether (ETH)</a> in its treasury by more than $20 million in an effort to enhance its exposure to censorship-resistant<a href="https://www.cryptoknowmics.com/news/abra-global-announces-plans-for-u-s-bank-supporting-digital-assets"> digital assets</a>.

https://twitter.com/AragonProject/status/1596186322041180161
<h2>Aragon Project Exchanges BTC For ETH</h2>
According to its weekly report, Aragon exchanged <a href="https://www.cryptoknowmics.com/news/binance-releases-proof-of-reserves-por-system-for-holdings-of-bitcoin">bitcoin</a> for ETH and $20.4 million worth of <a href="https://www.cryptoknowmics.com/news/binance-okx-and-bybit-halt-usdt-and-usdc-deposits-on-solana">USDC</a>. At the moment, the Aragon treasury, now valued at $153 million, is made up of around 42% ether tokens. Aragon exchanged more wrapped bitcoin for BTC valued at another $5.2 million. Additionally, $20 million USDC was transferred to the <a href="https://www.cryptoknowmics.com/news/ruble-stablecoin-to-follow-dai-model-in-russian-millionaires-startup">DAI stablecoin</a> as part of the project's treasury equalization.

The Aragon Association, a non-profit, and the Aragon Network DAO are both components of Aragon, an Ethereum-based project that provides users with the tools for building and operating DAOs.
<h2>Centralized Cryptocurrency Infrastructure</h2>
The <a href="https://www.cryptoknowmics.com/news/ftx-obtains-government-approval-for-first-day-petitions">FTX</a> crash, which exposed the shortcomings of <a href="https://www.cryptoknowmics.com/news/cz-binance-outlines-six-standards-for-secure-centralized-exchanges">centralized</a> cryptocurrency infrastructure, required the treasury dynamic allocation to protect the project.

According to Aragon, by decreasing the exposure to assets that may be mismanaged or interfered with by centralized forces, moving more of the treasury to ETH, DAI, and BTC improves the company's security and censorship resistance.

Aragon Project Puts $20M in Ether to Treasury for Safety As FTX Falls

Aragon boosted its holdings of ether in its treasury by more than $20 million in an effort to enhance its exposure to censorship-resistant digital assets.

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Aragon Project Puts $20M in Ether to Treasury for Safety As FTX Falls

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