PANews reported on November 28 that according to on-chain analyst Yu Jin, the ZKasino project team continued to borrow 9.36 million DAI 5 hours ago to purchase 2,603 ETH.
After depositing 10,535 ETH from users into Aave as collateral, they have borrowed a total of 53.77 million DAI to purchase 15,645 ETH to leverage long on ETH. The average price of the ETH purchased through leverage is $3,437.
With the significant rise in ETH, the ZKasino project team has currently realized a profit of 3.22 million USD from using users' ETH as collateral for leveraged long positions.
