WETH on Aave Arbitrum

Wrapped Ether (WETH) is listed on the Aave V3 Arbitrum market. Lenders have supplied $213.3M (95.45K WETH) and borrowers owe $121.6M, so 82.9% of the pool is lent out and $23.70M is left to borrow. The supply cap is 76% used.

Suppliers earn 0.96% a year, and variable-rate borrowers pay 2.00%. The rate follows utilization: up to 92% the borrow rate rises gently from 0.00% to 2.20%, and above that it climbs steeply to 10.20% when everything is lent out. At 82.9% now, the pool is below that point. Aave keeps 15% of the interest as its reserve factor.

WETH counts as collateral here: you can borrow up to 81% of its value, and a loan is liquidated once it reaches 84%, with a 5.0% penalty. In E-Mode it can back loans of up to 93%. The best WETH supply rate elsewhere on Aave is 1.70% on the Ethereum Main spoke (V4). The cheapest place to borrow it is Celo at 0.24%. Compare WETH rates on every Aave market.

Among the 14 Aave markets with at least $1M of WETH supplied, this one pays the 8th highest supply rate. Its borrow rate is the 7th lowest of the 14 markets with at least $250K of WETH to lend. A week ago suppliers earned 0.99% and borrowers paid 2.04%, with 84.3% of the pool lent out. Over the past 30 days, the supply rate ranged from 0.92% to 1.03%, and the borrow rate from 1.94% to 2.07% (one reading a day).