Odaily Planet Daily reports, according to crypto analyst Ai Yi @ai_9684xtpa, three addresses likely belonging to Ethereum co-founder Joseph Lubin currently have 412,430 ETH staked, valued at approximately $653 million, and have borrowed 259 million DAI.
Data shows that the collateral health ratio of the above position dropped below 1.2 during yesterday’s ETH price decline. However, the address associated with Joseph Lubin subsequently added approximately 110,000 ETH as collateral, raising the collateral health ratio back above 1.48.
Ayi noted that Joseph Lubin acquired 540,000 ETH in 2015 through the Ethereum ICO at a cost of approximately $0.31 each. Based on his current position, the likelihood of his leveraged position being liquidated has significantly decreased.