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Fasanara Capital Buys 6,569 Ether, Borrows $13M USDC via Morpho (decentralized lending protocol)

Fasanara Capital’s leveraged strategy saw $19.72 million in ETH purchases, collateral deposits on Morpho, and a $13 million USDC loan for further Ether acquisitions.

ETH
USDC
MORPHO

Summary

Fasanara Capital acquired 6,569 ETH worth $19.72 million in two days, depositing them into the Morpho decentralized lending protocol as collateral. It then borrowed $13 million USDC, using the funds to purchase additional Ether in a leveraged move.

Terms & Concepts
  • Morpho: A decentralized lending protocol where users deposit crypto to borrow other assets against their collateral.
  • USDC: A U.S. dollar-pegged stablecoin designed to maintain a 1:1 value with the dollar for on-chain transactions.
  • On-chain analytics: Analyzing public blockchain data to track transactions, wallets, and fund movements.