ETH and staked ETH on Aave
ETH is Aave's largest asset. Plain ETH is held as WETH, which people both supply and borrow. Staked ETH tokens such as wstETH, rETH and cbETH, and restaked ones such as weETH, earn their own yield, so they are mostly supplied as collateral: often in E-Mode, to borrow WETH against them.
Data from Aave's API · updated
ETH supplied
$12.85B
77 listings on V3 and V4
ETH borrowed
$4.41B
34.3% of supply
Largest ETH market
WETH
$4.69B · Ethereum Core
Cheapest WETH to borrow
0.24%
Celo
Cheapest ETH to borrow
Lowest borrow APY with at least $250K available
| Asset and market | Borrow APY |
|---|---|
| WETHCelo | 0.24% |
| WETH.eV4Avalanche Main | 0.27% |
| WETH.eAvalanche | 0.36% |
| WETHV4Arc Main | 0.53% |
| ETHBNB Chain | 1.60% |
| WETHOptimism | 1.80% |
Highest ETH supply rates
At least $1M supplied, before rewards and staking yield
| Asset and market | Supply APY |
|---|---|
| WETHV4Ethereum Main | 1.70% |
| WETHMonad | 1.61% |
| WETHEthereum Prime | 1.46% |
| WETHBase | 1.43% |
| WETHEthereum Core | 1.43% |
| WETHLinea | 1.27% |
Every ETH listing on Aave
The supply rate is what Aave pays. A staked or restaked token also earns its own staking yield, which is not included.
Why borrowing ETH against staked ETH is popular
Staked ETH moves with the price of ETH, so a loan of WETH against wstETH or weETH is hard to liquidate by a price move alone. E-Mode raises how much can be borrowed between such related assets. Some borrowers repeat the steps (supply, borrow WETH, stake it, supply again) to multiply their staking yield. That only pays while the staking yield is higher than the WETH borrow rate, and it fails if the staked token loses its peg. Read Aave E-Mode explained and check a loan with the liquidation price calculator.
ETH on Aave: quick answers
How much ETH is on Aave?
$12.85B of ETH and staked ETH (WETH, wstETH, weETH, rETH and others) is supplied across 77 listings on Aave V3 and V4.
Where is it cheapest to borrow ETH on Aave?
Celo at 0.24% for WETH, among markets with at least $250K available.
What is the best WETH supply rate on Aave?
1.70% on the Ethereum Main spoke (V4), among markets with at least $1M supplied, before rewards.
How much can I borrow against wstETH on Aave?
On Ethereum Core, the largest wstETH market, up to 79% of its value outside E-Mode, and a loan is liquidated at 82%. E-Mode allows more when you borrow ETH.