DeFi protocol Umami announces treasury reserves, with no exposure to FTX and Alameda

ChainCatcher news, the risk hedging yield protocol Umami on Arbitrum stated that the Umami treasury has no risk exposure to FTX, FTX.US, or Alameda Research.

In addition, Umami also published treasury reserve data on Zapper. As of now, apart from the native token UMAMI, the value of Umami treasury assets is $4,552,275, of which USDC is valued at $1,997,997 and GLP is valued at $1,367,150.

Umami stated that after the FTX incident, it has converted part of the GLP into USDC, and once the volatility caused by FTX settles down, it will redeploy some of the USDC back into GLP and other strategies. (source link)