Ethereum Co-Founder Transfers 110,000 ETH to MakerDAO

Ethereum co-founder Joseph Lubin transferred 110,000 ETH to MakerDAO.

A wallet associated with Ethereum co-founder and Consensys CEO Joseph Lubin transferred 110,000 ETH to Maker to bolster the collateral of a debt position with approximately 259 million DAI, reports The Block. According to on-chain trackers, the address initially deposited 80,000 ETH, followed by an additional 30,000 ETH amid a decline in ETH price and increased liquidation risk.