On-chain data: Joseph Lubin-linked wallets post 412,430 ETH on Maker, draw 259M DAI
Huo Xing Finance, citing on-chain analyst Ai Yi, said three addresses believed to be associated with Ethereum co-founder Joseph Lubin have deposited about 412,430 ETH as collateral on Maker, worth roughly $653 million, and borrowed around 259 million DAI. The positions' health factor fell below 1.2 yesterday, then rebounded above 1.48 after the wallets added another 110,000 ETH as collateral during the ETH selloff.