Eteru (ETH) founder Vitalik Buterin is catching the attention of crypto sleuths after moving 500 ETH to an under-the-radar decentralized finance (DeFi) project.
Blockchain security firm PeckShield first spotted the transaction and revealed that a wallet controlled by Buterin transferred the ETH stack to DeFi protocol Reflexer.
Reflexer is a platform fuafuaina e mafai ai e tagata faʻaoga ona faʻatau stablecoins e ala i le faʻaogaina o latou crypto e fai ma faʻamaoniga.
The protocol issues RAI, a crypto asset backed by Ethereum that aims to maintain a stable value in order to protect holders from the volatility of the markets.
According to PeckShield, Buterin used the 500 ETH to accumulate stablecoins.
The blockchain security firm shows that the Ethereum founder used the ETH trove as collateral on Reflexer to mint 150,000 RAI tokens. Buterin subsquently exchanged 132,500 RAI for 378,500 USD Coin (USDC). The remaining 17,500 RAI was swapped for 50,000 Dai (DAI).
PeckShield says that the conversion of ETH to stablecoins USDC and DAI all took place within three hours.
#PeckShieldAlert O le tuatusi fa'ailoga Vitalik ua teuina le 500 $ ETH i Reflexer e mint 150k $RAI, ma fesuiai 132.5k $RAI mo 378.5k $ USDC. E le gata i lea, na latou fesuiai 17.5k $RAI mo 50k $ DAI i totonu ole 3 itula mulimulihttps://t.co/dM1pheTW0x pic.twitter.com/camCgl1fsk
— PeckShieldAlert (@PeckShieldAlert) Mati 11, 2023
Blockchain-tracking service Etherscan also witnessed the transactions. According to Etherscan, Buterin initially faaliliuina 200 ETH to Reflexer to mint 100,0000 RAI. Immediately after, Buterin auina atu 300 ETH to Reflexer to mint 50,000 RAI.
Etherscan reveals that Buterin paid more than $200 to process both transactions.
I le taimi o le tusitusi, Ethereum o loʻo fefaʻatauaʻi mo le $ 1,596, i luga atu o le 10% i le 24 itula mulimuli.
Aua le misia se pao - lesitala e ave saʻo atu i luga o lau pusa meli ia matala imeli crypto
siaki Faatinoga tau
Mulimuli i tatou i Twitter, Facebook ma uālesi
Surf O le Daily Hodl Mix
Faʻasalaga: O faʻamatalaga o loʻo faʻaalia i le Daily Hodl e le o se fautuaga faufautua. E tatau i tagata teufaafaigaluega ona faia o latou maelega tatau ao le i faia soʻo se tupe teu faʻafaigaluega i Bitcoin, cryptocurrency poʻo aseta numera. Faamolemole ia fautuaina o au fefaʻatauaiga ma fefaʻatauaiga o loʻo i ou lava tulaga lamatia, ma o soʻo se mea e leiloa e mafai ona e maua o lau matafaioi. O le Daily Hodl e le fautuaina le faʻatau mai poʻo le faʻatau atu o soʻo se faʻataʻotoga o aitalafu po o meatotino numera, e le o le Daily Hodl o se faufautua faufautua. Faamolemole ia matau o le Daily Hodl e auai i le maketiina faʻatasi.
Ata Fa'aalia: Shutterstock/The Creative Factory
Source: https://dailyhodl.com/2023/03/13/ethereum-creator-vitalik-buterin-abruptly-sends-500-eth-to-little-known-defi-protocol/