USD₮0 on Aave Arbitrum

USD₮0 is listed on the Aave V3 Arbitrum market. Lenders have supplied $43.73M (43.79M USD₮0) and borrowers owe $38.62M, so 88.4% of the pool is lent out and $5.08M is left to borrow. The supply cap is 36% used.

Suppliers earn 3.57% a year, and variable-rate borrowers pay 4.52%. The rate follows utilization: up to 90% the borrow rate rises gently from 0.00% to 4.50%, and above that it climbs steeply to 14.50% when everything is lent out. At 88.4% now, the pool is below that point. Aave keeps 10% of the interest as its reserve factor.

USD₮0 cannot be used as collateral on this market. The best USDT supply rate elsewhere on Aave is 4.68% on the Ethereum Bluechip spoke (V4). The cheapest place to borrow it is Celo at 1.84%. Compare USDT rates on every Aave market.

Among the 17 Aave markets with at least $1M of USDT supplied, this one pays the 11th highest supply rate. Its borrow rate is the 7th lowest of the 17 markets with at least $250K of USDT to lend. A week ago suppliers earned 3.53% and borrowers paid 4.49%, with 87.8% of the pool lent out. Over the past 30 days, the supply rate ranged from 2.96% to 3.58%, and the borrow rate from 4.11% to 4.52% (one reading a day).