The Ethereum co-founder increased collateral by about $47.12 million to lower liquidation risk, with roughly $171 million in ETH now backing 259.05 million DAI in loans.
Joseph Lubin added another 30,000 ETH to Maker vaults, increasing the collateral posted to 110,000 ETH across three vaults. The added ETH was worth about $47.12 million at current prices, while the total pledged collateral was about $171 million, according to Onchain Lens. Against that collateral, Lubin has borrowed 259.05 million DAI, a crypto-backed stablecoin, and the latest deposit was made to reduce liquidation risk.