A whale has leveraged yield farming to acquire a position of 2304.3 stETH, approximately $5.78 million

By: theblockbeats.news|2025/07/06 21:41:52

BlockBeats News, July 6th, according to on-chain analyst Ai Yi (@ai_9684xtpa), a whale has been monitored in the past 2 hours using a "buy stETH, deposit in Compound for yield farming USDC, then continue buying" strategy to accumulate 2304.3 stETH, worth $5.78 million, at an average cost of $2510 per stETH.

Currently, they have collateralized 3503.23 stETH and borrowed 703 million USDC with 10 WBTC, with a health factor of 1.22.

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