According to crypto analyst Ai Aunt @ai_9684xtpa, three addresses likely belonging to Ethereum co-founder Joseph Lubin have collectively collateralized 412,400 ETH, worth approximately $653 million, and borrowed 259 million DAI. During yesterday’s ETH price decline, the position’s health ratio briefly fell below 1.2, after which an additional 110,000 ETH in collateral was added, raising the health ratio above 1.48. Ai Aunt noted that Joseph Lubin originally acquired 540,000 ETH during Ethereum’s 2015 ICO at an approximate cost of $0.31 per ETH, and the current lending position’s liquidation risk has been reduced.
Addresses linked to Joseph Lubin deposit 412,400 ETH worth $653 million
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Summary
Three addresses potentially linked to Ethereum co-founder Joseph Lubin deposited 412,400 ETH, worth approximately $653 million, and borrowed 259 million DAI. During a recent decline in ETH’s price, the position’s health factor fell below 1.2 before an additional 110,000 ETH was added to raise it above 1.48. Lubin purchased 540,000 ETH in 2015 at $0.31 each. ETH analysis indicates that the liquidation risk has since decreased.
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