Abraxas Capital's associated address (0xed0c... 4312) recently reduced leverage by migrating ETH between Aave and Spark and adjusting lending. The address will transfer 20000 ETH from Aave to Spark, repay 55 million USDS, and lend 10 million USDS, resulting in a net reduction of approximately 45 million USD in loan size. Over the past week, the address has seen a net increase of 57000 ETH deposits in Spark, of which 50000 were transferred by Aave. During the same period, a total of 93.38 million USDS was lent out and approximately 93 million USDS was repaid, with the health factor increasing from 1.59 to 2.42. As of press time, the address holds approximately 140800 WETH deposits in Spark, with a collateral value of approximately $350 million, total debt of approximately $124 million, borrowing leverage of approximately 1.55 times, and may trigger liquidation when ETH prices fall to approximately $1028.
