Community Pushes Back And Reveals Truth Behind Transaction Data also show that ETH was transferred through DSProxy contracts and used as collateral in the DeFi position, with roughly 178,000 WETH supplied and $103 million DAI borrowed against it. This is a standard liquidity management strategy in the DeFi space, allowing holders to maintain full exposure to ETH while borrowing stablecoins. Community members also confirmed that no ETH had entered the open market, and Lubin’s position still holds a net value of about $173 million.
