Aave Tracker

USDe rates on Aave

USDe is listed on 13 Aave markets across V3 and V4. Rates differ because each market has its own supply, demand and settings. On V4 the borrow figure is the base rate.

Data from Aave's API · updated

Total supplied

$1.45B

all markets

Total borrowed

$42.24M

 

Best supply APY

0.27%

Plasma

Lowest borrow APY

6.50%

X Layer

USDe on every Aave market
Market Total supplied Supply APY Total borrowed Borrow APY Utilization
PlasmaUSDe · $583.5M $583.5M584.20M USDe 0.27% $29.96M30.00M USDe 7.27% 5.1%
Ethereum CoreUSDe · $549.3M $549.3M550.00M USDe 0.12% $12.18M12.20M USDe 7.26% 2.2%
MonadUSDe · $124.9M $124.9M125.04M USDe <0.01% $44.6K44.64K USDe 7.25% 0.0%
Avalanche Ethena EcosystemV4USDe · $68.04M $68.04M68.12M USDe 0.00% $00 USDe not borrowable– 0.0%
Ethereum RLUSD YieldV4USDe · $49.95M $49.95M50.00M USDe 0.00% $00 USDe not borrowable– 0.0%
Ethereum Ethena EcosystemV4USDe · $29.68M $29.68M29.71M USDe <0.01% $7.9K7.89K USDe 7.25%base rate 0.0%
X LayerUSDe · $26.06M $26.06M26.09M USDe 0.00% $00 USDe 6.50% 0.0%
MantleUSDe · $22.81M $22.81M22.83M USDe <0.01% $2.1K2.09K USDe 6.82% 0.0%
MegaETHUSDe · $57.5K $57.5K57.53K USDe 1.30% $34.8K34.80K USDe 2.89% 60.5%
AvalancheUSDe · $13.8K $13.8K13.82K USDe 0.52% $1.4K1.45K USDe 6.86% 10.5%
InkUSDe · $5.8K $5.8K5.77K USDe 9.55% $5.5K5.47K USDe 13.70% 94.7%
Ethereum Ethena CorrelatedV4USDe · $224 $224223.87 USDe <0.01% $21.0020.97 USDe 7.25%base rate 0.0%
Ethereum OUSD YieldV4USDe · $0 $00 USDe 0.00% $00 USDe not borrowable– 0.0%

About USDe on Aave

USDe is listed on 8 Aave V3 markets and 5 Aave V4 spokes across 8 networks, led by Ethereum, Plasma and Monad. Altogether $1.45B is supplied and $42.24M borrowed, so 2.9% of it is lent out.

Right now supply rates run from 0.00% to 0.27% across markets with at least $1M supplied and borrow rates run from 6.50% to 7.27% on markets where at least $250K is available. The gap exists because each market has its own borrowers and its own rate settings. Moving between networks costs gas and bridging fees, so a small gap may not be worth chasing. On V4 the borrow figure is the hub's base rate, before each borrower's risk premium.

USDe is a dollar stablecoin, so most people supply it to earn interest or borrow it against other collateral. Compare it with every other stablecoin rate on Aave.

USDe on Aave: quick answers

What is the best USDe supply rate on Aave?

0.27% on Plasma, the highest among markets with at least $1M supplied. The largest market, Plasma, pays 0.27%.

Where is it cheapest to borrow USDe on Aave?

X Layer at 6.50% variable APY, among markets with at least $250K available to borrow.

How much USDe is on Aave?

$1.45B is supplied and $42.24M borrowed across 13 markets on Aave V4 and V3.

Can I borrow against USDe on Aave?

Yes, on 1 market. The highest loan-to-value it allows is 70% of its value, before E-Mode.