ME News reports that on June 6 (UTC+8), according to OnchainLens monitoring, Ethereum co-founder Joseph Lubin has again deposited 30,000 ETH (approximately $47.12 million) as collateral into the Maker protocol to prevent liquidation of his position. To date, Joseph Lubin has accumulated a total of 110,000 ETH (approximately $170.78 million) across three separate Maker Vaults, using these ETH as collateral to borrow approximately 259.05 million DAI. (Source: BlockBeats)
Ethereum co-founder Joseph Lubin adds 30,000 ETH to Maker Vaults
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Summary
Ethereum co-founder Joseph Lubin added 30,000 ETH (approximately $47.12 million) to Maker Vaults on June 6 (UTC+8), according to ETH News. This brings his total ETH deposit to 110,000 (around $170.78 million) across three Maker Vaults. He has borrowed approximately 259.05 million DAI using this collateral. The move follows continued strong activity on DeFi platforms related to ETH updates.
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