The ZKasino project borrowed 12.38 million DAI from Aave again in the past 2 hours to go long on ETH

ZKasino's project party is still increasing its leverage long position on ETH. In the past 2 hours, they have borrowed 12.38 million DAI through loop lending from Aave to purchase 3,723 ETH. They have accumulated a total borrowing of 31.937 million DAI from Aave using 10,535 ETH belonging to users as the underlying collateral to purchase 13,040 ETH. The average cost of these leveraged ETH purchases is $3,402, and they are currently at a floating loss.

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