Abraxas Capital Associated address reduces leverage, with a collateral value of approximately $350 million
2026-10-09 12:51:50
CoinMeta data: The address associated with Abraxas Capital (0xed0c...4312) recently migrated ETH between AAVE and Spark and adjusted its lending to reduce leverage. This address transferred 20,000 ETH from AAVE to Spark, repaid 55 million USDS, and then lent out 10 million USDS, resulting in a net reduction of about 45 million US dollars in borrowing scale. Over the past week, this address saw a net increase of 57,000 ETH in deposits on Spark; of which 50,000 were transferred in from AAVE. During the same period, it lent out a total of 93.38 million USDS and repaid about 93 million USDS. Its health factor increased from 1.59 to 2.42. As of press time, this address holds approximately 140,800 WETH in deposits on Spark, with a collateral value of about 350 million US dollars and a total debt of about 124 million US dollars. The lending leverage is about 1.55 times. If the price of ETH falls to around 1028 US dollars, liquidation may be triggered.
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Source:Internet
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