By far, one of the most interesting Ethereum addresses I've seen is @0x_b1.
It's quite an interesting social experiment as well - a $300m whale starting a Twitter account for fun. Check their bio.
Let's break down the address and see what they are doing with their capital. 👇
0xb1 was created in mid-August, amid the food farming craze.
The address is active every day of the week and consistently makes transactions between 12:00 UTC and 6:00 UTC (sleeps between 7-11).
Likely U.S. based individual or team based on this history.
h/t @nansen_ai
0xb1 is a yield farming beast, to say the least.
It's industrial farming at its best - hundreds of transactions, swapping in and out of the latest yield farms on Ethereum.
Fun fact: the address has spent $111,000 in ether on transaction fees since its inception. Ow.
According to @DeBankDeFi, the address has a current net worth of $280 million, with $381 million in assets or staked assets and $101 million in debt.
Not too sure if this is 100% accurate, as there may be some new farms that it may not capture or represent properly.
99% of this capital is active in yield farms.
Out of the ~$280 million, only ~$250k is naked.
The address has $150 million worth of ETH and WBTC collateral deposited in Compound, which is being used to borrow $80 million worth of stablecoins.
C-ratio scares me a bit.