Data: The 1inch team actually sold 11,000 ETH, and the obtained DAI has been converted into interest-bearing token CHAI

According to ChainCatcher news, data from DeBank shows that an address starting with 0x225d, marked as "1inch: Investment Fund," removed two Uniswap V3 LPs about 10 hours ago, receiving approximately 11,000 ETH. It then converted the ETH to WETH and subsequently exchanged it for DAI in several transactions. All the exchanged DAI was converted into the yield-bearing token CHAI previously launched by MakerDAO, and it currently holds about 26.78 million CHAI. (Source link)