The ZKasino project team lent out 9.36 million DAI to purchase 2,603 ETH five hours ago
According to on-chain analyst Yu Jing's monitoring, the ZKasino project team continued to lend out 9.36 million DAI to buy 2,603 ETH five hours ago. After depositing 10,535 ETH from users into Aave as collateral, they have cumulatively lent out 53.77 million DAI to purchase 15,645 ETH for leveraged long positions on ETH. The average price of the leveraged purchased ETH is $3,437 USD. With the surge in the value of ETH, ZKasino's operation of using user's ETH as collateral for leverage has currently yielded a floating profit of $3.22 million USD.
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