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A giant whale deposited MKR to Aave and borrowed 1.84 million USDC, exchanged it for DAI and deposited it into MakerDAO

A giant whale deposited MKR to Aave and borrowed 1.84 million USDC, exchanged it for DAI and deposited it into MakerDAO

CointimeCointime2023/10/29 03:06
By:Cointime

According to Spot On Chain monitoring, a whale address starting with 0x8af withdrew 4077 MKR (approximately $5.88 million) from Bitget at an average price of $1442 in the past 24 hours. The whale then deposited these MKR into Aave and borrowed 1.84 million USDC. After that, the whale exchanged the USDC for DAI and deposited it into MakerDAO, where the DAI savings rate (DSR) is currently 5%.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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