Umami, the risk hedging income agreement, announced the treasury reserves. Except for UMAMI tokens, the value of GLP tokens accounted for nearly 1/3

Umami, the risk-hedging income agreement on Arbitrum, issued a document stating that the Umami treasury has no risk exposure to FTX, FTX.US or Alameda Research. Additionally, Umami published treasury reserve data on Zapper. As of 9:00 on November 11, Beijing time, excluding the protocol’s native token UMAMI, the value of Umami treasury assets was $4,552,275, of which USDC was worth $1,997,997 and GLP was worth $1,367,150. Umami said that after the FTX incident, part of GLP has been replaced with USDC, and after the volatility caused by FTX subsides, part of USDC will be redeployed to GLP and other strategies.