Odaily Planet Daily reports: The associated address of Abraxas Capital (0xed0c...4312) has recently increased its ETH collateral and reduced borrowing leverage. Last night, the address transferred 20,000 ETH from Aave to Spark and repaid approximately $55 million in USDS. Today, it borrowed an additional $10 million in USDS, resulting in a net reduction of about $45 million in borrowing. Over the past week, the address has net-added 57,000 ETH to Spark, with 50,000 ETH migrated from Aave. During the same period, it borrowed a cumulative total of $93.38 million in USDS and repaid approximately $93 million, leaving borrowing levels largely unchanged, while the health factor rose from 1.59 to 2.42. As of publication, the address holds approximately 140,800 WETH in deposits in Spark, with a collateral value of about $350 million and total debt of approximately $124 million, corresponding to a borrowing leverage of roughly 1.55x. Based on current collateral and debt levels, liquidation could be triggered if the ETH price falls to approximately $1,028.
Abraxas Capital linked address reduces ETH leverage, deploys $35M in collateral
KuCoinFlashShare
Summary
Abraxas Capital’s linked address (0xed0c...4312) reduced its ETH leverage by moving 20,000 ETH from Aave to Spark and repaying $55 million in USDS. Net debt decreased by $45 million after borrowing an additional $10 million in USDS. Over the past week, it added $57,000 ETH in deposits, including $50,000 ETH transferred from Aave. ETH analysis shows the health factor improved to 2.42. The address now holds 140,800 WETH in deposits, valued at $35 million, with total debt at $124 million. Current ETH price projections indicate that a drop to $1,028 could trigger liquidation.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.