Analyst: Joseph Lubin-Linked Addresses Add 110,000 ETH Collateral After Health Ratio Briefly Fell Below 1.2

Three addresses believed to be linked to Ethereum co-founder Joseph Lubin have staked a combined 412,430 ETH and borrowed 259 million DAI, according to monitoring by crypto analyst “Ai Yi” (@ai_9684xtpa). According to ChainCatcher, the position’s health ratio briefly fell below 1.2 during yesterday’s ETH decline before the Lubin-linked addresses added about 110,000 ETH as additional collateral, lifting the health ratio to above 1.48. Ai Yi also said Lubin obtained about 540,000 ETH in the 2015 Ethereum ICO at a cost of about $0.31 per ETH. Based on the current position metrics, the analyst said the likelihood of liquidation has decreased significantly.