(Lookonchain) A whale unstaked 15,078 #ETH ($60.3M) and deposited it to #Binance and #Bitfinex , possibly selling to repay the debt. He has a debt of 110M $DAI on #Spark and the health rate is 1.57.
MakerDAO is set to launch its first SubDAO, Spark, which will offer native token SPK and various mining plans. Spark's main products include SparkLend and Cash & Savings, which enable users to borrow DAI.
MakerDAO is preparing to distribute 600 million US dollars worth of DAI to USDe and sUSDe, introducing key parameter changes for DAI liquidity deployment on Spark in Morpho Blue.
This whale (likely Abraxas Capital) has withdrawn 60K #ETH ($206.3M) from #Bitfinex and deposited it into #Spark in the past 16 hours. Then he borrowed 101M DAI from Spark, swapped it to 101M #USDC , and deposited it into #Binance .
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