Ethereum co-founder Joseph Lubin’s latest MakerDAO transaction boosts his total DAI borrowing to $107 million, reflecting large-scale DeFi use by prominent crypto figures.
Joseph Lubin, co-founder of Ethereum and founder of Consensys, deposited 15,000 ETH—valued at $31.43 million—into MakerDAO and borrowed 4.1 million DAI. His wallet holds 137,900 ETH worth roughly $287 million, with cumulative DAI loans totaling $107 million. The transaction illustrates how well-known industry leaders leverage decentralized finance protocols to secure liquidity without liquidating major crypto holdings.