USD₮ on Aave Celo

Tether USD (USD₮) is listed on the Aave V3 Celo market. Lenders have supplied $1.21M (1.21M USD₮) and borrowers owe $495K, so 41.1% of the pool is lent out and $710K is left to borrow. The supply cap is 10% used.

Suppliers earn 0.60% a year, and variable-rate borrowers pay 1.84%. The rate follows utilization: up to 90% the borrow rate rises gently from 0.00% to 4.00%, and above that it climbs steeply to 44.00% when everything is lent out. At 41.1% now, the pool is below that point. Aave keeps 20% of the interest as its reserve factor.

USD₮ 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 the Avalanche Main spoke (V4) at 3.70%. Compare USDT rates on every Aave market.

Among the 17 Aave markets with at least $1M of USDT supplied, this one pays the 17th highest supply rate. Its borrow rate is the lowest of the 17 markets with at least $250K of USDT to lend. A week ago suppliers earned 0.55% and borrowers paid 1.76%, with 39.3% of the pool lent out. Over the past 30 days, the supply rate ranged from 0.22% to 0.61%, and the borrow rate from 1.11% to 1.86% (one reading a day).