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Joseph Lubin-linked wallets deposit 412,430 ETH on Maker, borrow 259 million DAI

PANews, June 7 — Onchain analyst Ai Yi reports that three wallets believed to be tied to Ethereum cofounder Joseph Lubin have deposited a combined 412,430 ETH into Maker, worth about $653 million, and have borrowed roughly 259 million DAI. The positions' health factor briefly slipped below 1.2 yesterday, then climbed back above 1.48 after an additional 110,000 ETH was added as collateral during the ETH price pullback.
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