Addresses tied to Joseph Lubin post 412,400 ETH as collateral, borrow 259 million DAI
Crypto analyst Ai Aunt (@ai_9684xtpa) reported that three wallets believed to be associated with Ethereum co-founder Joseph Lubin have deposited a combined 412,400 ETH as collateral—valued at about $653 million—and borrowed 259 million DAI. During yesterday's pullback in ETH, the position's health factor briefly dipped below 1.2. The addresses then added another 110,000 ETH in collateral, lifting the health factor to above 1.48. Ai Aunt added that Lubin originally obtained 540,000 ETH in Ethereum's 2015 ICO at roughly $0.31 per ETH, noting that the current lending position's liquidation risk has eased.