A newly created wallet address (0x81d0) has recently carried out a series of operations. It withdrew 10,057 ETH (worth approximately $33.68 million) from a major exchange, then staked it on the Lido protocol to receive an equivalent amount of stETH. Next, the address deposited all the stETH into the Aave lending protocol and borrowed 45 million USDT. Interestingly, it used this funds to purchase 13,461 stETH and then deposited these stETH back into Aave. This series of operations reflects the current leverage strategy in the DeFi market—staking yield-bearing assets to borrow stablecoins, then increasing position exposure with stablecoins, fully utilizing liquidity mining mechanisms. This operational pattern is becoming increasingly common in the Ethereum ecosystem.
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ShibaMillionairen't
· 5h ago
It's the same old leverage cycle again, this time the main character is still stETH borrowing USDT to add positions...
This guy's guts are pretty big, directly playing with over $30 million worth of ETH.
Wait, a new wallet dares to operate like this? Why does it feel a bit reckless...
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WalletDetective
· 5h ago
Wow, this leverage play is really impressive. Using circular borrowing to boost positions is truly awesome.
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BlockchainBard
· 5h ago
This leverage strategy is getting more and more intense, borrowing USDT to buy stETH... When will this cycle come to an end?
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WhaleInTraining
· 6h ago
It's the same old trick again, going all-in with leverage...
This guy is pretty skilled, borrowing USDT to stack stETH, probably betting that Lido's yields won't drop.
Putting in over 33 million, really bold—if liquidation happens, it'll be a big win.
Feels like all DeFi is full of these pyramid schemes, everyone just wants to get rich overnight.
This new wallet address is so aggressive—maybe a big player trying out new tactics.
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DeFiVeteran
· 6h ago
A typical leverage cycle of stacking, borrowing stablecoins to buy stETH and continue staking... I'm tired of this routine. The key is that gas fees are expensive now, making the operation costs skyrocket.
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FOMOrektGuy
· 6h ago
Bro, this move is pretty intense. You're blindly looping with leverage, huh?
A newly created wallet address (0x81d0) has recently carried out a series of operations. It withdrew 10,057 ETH (worth approximately $33.68 million) from a major exchange, then staked it on the Lido protocol to receive an equivalent amount of stETH. Next, the address deposited all the stETH into the Aave lending protocol and borrowed 45 million USDT. Interestingly, it used this funds to purchase 13,461 stETH and then deposited these stETH back into Aave. This series of operations reflects the current leverage strategy in the DeFi market—staking yield-bearing assets to borrow stablecoins, then increasing position exposure with stablecoins, fully utilizing liquidity mining mechanisms. This operational pattern is becoming increasingly common in the Ethereum ecosystem.