According to ChainCatcher, on-chain analyst @ai_9684xtpa monitored that whale 0xc08...37ffb withdrew 8,000 ETH (about $19.68 million) from Binance an hour ago, then deposited it into Spark Protocol and borrowed 14 million DAI, exchanged it for sUSDS and pledged it into Sky Protocol. He has currently received 122,800 SKY tokens as rewards.

This operation demonstrates the complex operation methods of whales in the DeFi ecosystem, making full use of the advantages of multiple protocols. Despite the high volatility of the market, such operations still attract the attention of many investors. We will wait and see whether there will be more similar operations in the future.