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Lido Founder Borrows 85 Million USDT from Aave to Purchase ETH

By: theblockbeats.news|2025/07/29 04:42:27

BlockBeats News, July 29th, according to LookIntoChain monitoring, Lido founder Konstantin Lomashuk borrowed 85 million USDT from Aave to purchase ETH.

He borrowed 85 million USDT from Aave and then transferred 80 million USDT to Amber Group.

Amber Group deposited 80 million USDT to the trading platform and withdrew 15,814 ETH (59.75 million USD) from the trading platform.

MetaMask is introducing a new feature called "Stablecoin Yield Farming."

Yesterday's US Spot Bitcoin ETF saw a net inflow of $157.1 million, while the Ethereum ETF saw a net inflow of $65.2 million.