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Joseph Lubin mortgaged 412,430 ETH to borrow 259 million DAI, with a Loan-to-Value (LTV) ratio dropping below 1.2 temporarily.

2026.06.07 10:52:23

June 7th: On-chain analyst Ai Auntie (Twitter handle @ai_9684xtpa) reports that three addresses linked to Ethereum co-founder Joseph Lubin are collectively holding 412,430 ETH as collateral—valued at $6.53 billion—while borrowing 259 million DAI. Their loan-to-value (LTV) ratio fell below 1.2 yesterday, putting these accounts at risk of liquidation. However, the chance of this address cluster being liquidated is extremely low. Lubin, who acquired 540,000 ETH via the 2015 ICO for just $0.31 per token, is referred to as a "Cash Reservist." During yesterday’s ETH price dip, he added 110,000 ETH to his collateral, pushing the account’s health factor back above 1.48 and drastically cutting the risk of liquidation.
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