A Giant Whale Exchanged 2,720 WETH for 4.49 Million DAI in the Past Two Days and Deposited It in MakerDAO
According to Spot On Chain monitoring, a whale address starting with 0x562 sold 2720 WETH in the past two days in exchange for 4.49 million DAI. Then the whale deposited the 4.49 million DAI into MakerDAO, which currently offers a 5% interest rate.
MakerDAO Founder Bought 197.5 MKR at an Average Price of $1013
According to Spot On Chain monitoring, RuneKek, the founder of MakerDAO, exchanged 200,000 DAI for 197.5 MKR at an average price of $1,013 about 21 and 12 hours ago. It is worth noting that there are usually large fluctuations after each purchase by the founder.
Magnate Finance Scammers Transfer Over 1.34 Million DAI to New Address
According to PShield monitoring, the Magnate Finance scammers have transferred over 1.34 million DAI to a new address starting with 0x0664. Previously, according to PShield monitoring, the developer of the Magnate Finance lending protocol in the Base ecosystem modified the provider of the protocol's oracle and removed all assets from the protocol.
Justin Sun redeemed 146.13 million DAI from MakerDAO
PeckShieldAlert has monitored that Justin Sun redeemed 146.13 million DAI from MakerDAO and exchanged it for 16.86 wstETH. Justin Sun's related address 0xBCb7 redeemed 59.9 million DAI from MakerDAO and exchanged it for 67,000 wstETH.
After the DAI Deposit Interest Rate Was Raised to 8%, Its Market Value Increased by Nearly 1 Billion US Dollars in 7 Days
According to CoinMarketCap data, after MakerDAO raised the DAI deposit interest rate (DSR) to 8%, the market value of DAI has increased by nearly $1 billion in the past 7 days. The market value of DAI increased from $4.45 billion on August 6 to $5.33 billion.
In addition, according to the Makerburn dashboard, this incentive immediately affected the amount of DAI in DSR, increasing from 339.4 million on August 6 to 1.27 billion.
Justin Sun Once Again Mortgaged stETH To Mint 50 Million DAI and Deposited It in MakerDAO
According to blockchain analyst Yu Jin, Sun Yuchen continued to mortgage stETH through two addresses 10 hours ago and cast 50 million DAI into MakerDAO's DSR. Currently, Sun Yuchen has accumulated a total of 231,116 stETH ($4.28 million) through two addresses, casting 175.8 million DAI into DSR.Currently, the DSR deposit TVL is $1.17 billion, and Sun Yuchen's proportion is 15%.
Justin Sun Currently Mortgages a Total of 330 Million US Dollars Worth of stETH, Minted 117.8 Million DAI and Deposited It Into MakerDAO
August 10th, Justin Sun has currently staked a total of 157,000 stETH (worth approximately $330 million) and minted 1.178 billion DAI, which has been deposited into MakerDAO to earn its current 8% deposit interest rate.
Based on the current deposit interest rate, Justin Sun's 1.178 billion DAI is expected to earn $6.53 million in one year, or approximately $17,900 per day.
Data: Total DSR Deposits of DAI Exceeded $1 Billion
On August 10th, it was reported that the total amount of DAI deposited in MakerDAO's lending protocol, Spark Protocol, has exceeded $1 billion.
A Giant Whale Withdraws 10 Million DAI From Maker and Buys 5403 stETH
According to Lookonchain monitoring, a certain whale extracted 10 million DAI from Maker six hours ago and purchased 5,403 stETH at an average price of 1,851.6 USDT.
Justin Sun Mortgaged 190 Million US Dollars of stETH To Mint 77.8 Million DAI 7 Hours Ago and Deposited It in MakerDAO
According to Twitter user Yu Jin monitoring, Sun Yuchen pledged 102,462 stETH coins (190 million US dollars) 7 hours ago to mint 77.8 million DAI coins, and then deposited the DAI coins into Maker. Currently, the DAI deposit interest rate (DSR) is 8%.
