Original title: “Someone caught a DeFi giant whale, which accumulated net worth of US$280 million in five months.”
Original Source: Nick Chong, Analyst at Hex Capital
Original Compilation: Ether Boy, Chain Wen
Nick Chong, a trader with Twitter ID @n2ckchong, previously used on-chain data to pick up the trends of a number of top investment institutions in the DeFi world and became popular. This time he is eyeing a real “DeFi whale” “.
Nick Chong’s address for deep grilling this time is: 0xB1AdceddB2941033a090dD166a462fe1c2029484
The address was created in mid-August 2020. Since its creation, the address has been highly active. Estimated according to its daily active period, the manager of this address is likely to live in the United States.
Although the address currently only holds more than 500 Ethereum, the total amount of other DeFi tokens it holds is more than 220,000 Ethereum. Debank data shows that the net asset value of the address is as high as 280 million US dollars, including 381 million assets and 101 million debts. Based on the total holdings, the net assets of this address are enough to rank among the top 40 richest in Ethereum.
Unlike other giant whales who tried to hide themselves by all means, this address also created a very high profile Twitter account @0xb1 and is very active. The account has been followed by more than 10,000 people in the past two months.
As a giant whale with 99% of DeFi token holdings, 0xB1 is regarded as an important “weathervane” for participating in DeFi. Nick Chong also fully described the preferences of this “DeFi whale” through on-chain data:
· In addition to holding a large number of DeFi tokens, 0xb1 is extremely aggressive in DeFi mining. Since its creation, this address has conducted hundreds of contract interactions almost every day. So far, the address has spent value on gas fees 111,000 USD of Ethereum.
· Among the DeFi tokens held by 0xB1, USDC, WETH and other “blue chips” account for the vast majority. In addition, they are also solid supporters of YFL and have accumulated considerable related positions; they have been actively promoting “Linkswap. Among the holdings of this address, the value of the LP Token that only participates in market making on Linkswap exceeds 20 million U.S. dollars, and the total amount of pledge on the platform also exceeds 4 million U.S. dollars.
· The YFL held by 0xB1 exceeds 10% of its total supply. It has never sold any YFL, and it made a short-term cover just about a week ago. In addition, this address also has a large number of CRV, ETH, USDT and USDC positions used on Linkswap to provide liquidity, and the positions of the above four tokens all exceed YFL.
· 300 SFIs were also invested to participate in the mining of the 3 rSFI pool.
· Another project that 0xb1 is paying close attention to is the recent hot Badger DAO, which aims to help Bitcoin holders more efficiently use their BTC positions for profit. According to statistics, this address has invested about 47 million US dollars in various forms of on-chain BTC pools supported by Badger DAO. 0xB1 once asserted that the BADGER token will never fall below $3 in 2021.
· 0xb1 has also invested a lot of money on KeeperDAO (ROOK), and currently the address used for mining on KeeperDAO is close to 12 million US dollars.
In addition, the address also invested USDC, YFI, WBTC, and ETH worth approximately USD 7.1 million in DODO to provide liquidity.
· 0xb1 used BarnBridge for mining funds close to 56 million U.S. dollars, of which 1 pool invested in stable coin mining amounted to 50 million U.S. dollars.
· 0xb1 also did not miss algorithmic stablecoins such as ESD and DSD, which are extremely popular in the recent market. At present, the address has invested about 3.5 million US dollars in the ESD-USDC pool and DSD-USDC pool. Among them, about 2.7 million US dollars were invested in the ESD-USDC pool to provide liquidity, and about 500,000 US dollars were invested in the DSD-USDC pool to provide liquidity.
Of course, 0xb1 is not all smooth sailing. When harvest.finance was hacked, the address lost more than 3.9 million U.S. dollars, which accounted for more than 10% of the total lost assets, including 3,908,343 GRAINs. If you ignore the error caused by Uniswap slippage, these generations The value of the currency is as high as 260,000 US dollars. The address also suffered a loss of approximately $1.4 million in the huge liquidation event of Compound at the end of November.
However, according to Nick Chong’s estimation, this address has been able to earn between 200,000 and 400,000 US dollars through liquidity mining almost every day in the past six months. Therefore, the losses suffered in the above incidents have not really affected 0xb1. .
0xb1’s amazing wealth accumulation speed in the past six months and its high-profile style different from other giant whales have made it a “flag” in the DeFi world. It can be foreseen that tracking the assets it holds may become another “simple and efficient” investment strategy for participating in DeFi.
