USDe on Aave Ethereum Core

Live USDe (USDe) rates on the Aave V3 Ethereum Core market: what suppliers earn, what borrowers pay, how much is available, and the settings that decide both.

Data from Aave's API · updated 2026-09-21 08:51 UTC

Supply APY

0.64%

earned by suppliers

Borrow APY, variable

6.54%

paid by borrowers

Total supplied

$599.7M

599.84M USDe

Total borrowed

$79.98M

80.00M USDe

Utilization

13.3%

share of supply that is lent out

Available to borrow

$519.7M

oracle price $0.9998

USDe supply and borrow APY history

Daily averages published by Aave's API

Risk settings

Can be used as collateral	No
Max loan-to-value (LTV)	–
Liquidation threshold	–
Liquidation penalty	–
Reserve factor	25.00%
Flash loans	Enabled
Supply cap used	599.84M of 902.00M USDe (66.5%)
Borrow cap used	80.00M of 700.00M USDe (11.4%)

New to these terms? Read health factor explained and supply and borrow caps.

Contracts

USDe token	0x4c9E…68B3
aToken (aEthUSDe)	0x4F59…DECF
Variable debt token	0x0153…5145
Price oracle	0xC26D…4Ff8
Interest rate strategy	0x9ec6…FdFB
Pool	0x8787…A4E2

Links open the Ethereum block explorer.

USDe utilization and interest rate curve

Utilization is 13.3% right now. The chart shows how the rate responds as more of the supply gets borrowed.

Borrow APR Supply APR

Up to 90% utilization the borrow rate climbs gently from 6.30% to 6.55%. Past that point it climbs steeply, reaching 18.55% when everything is lent out. How Aave interest rates work.

E-Mode categories that include USDe

Efficiency mode raises borrowing power between closely related assets. E-Mode explained.

Category (28)	Max LTV	Liquidation threshold	Penalty	As collateral	Borrowable
sUSDe Stablecoins	90.00%	92.00%	4.00%	Yes	No
PT-USDe Stablecoins July 2025	91.00%	93.00%	2.10%	Yes	No
USDe Stablecoin	90.00%	93.00%	2.00%	Yes	No
PT-USDe USDe July 2025	94.00%	96.00%	1.10%	Yes	Yes
PT-eUSDe USDe August 2025	94.00%	96.00%	1.00%	No	Yes
PT-sUSDe Stablecoins September 2025	90.00%	92.00%	3.10%	No	Yes
PT-sUSDe USDe September 2025	92.00%	94.00%	1.10%	No	Yes
PT-USDe Stablecoins September 2025	91.00%	93.00%	2.00%	Yes	Yes
PT-USDe USDe September 2025	94.00%	96.00%	1.10%	Yes	Yes
PT-sUSDe Stablecoins Nov 2025	90.00%	92.00%	3.10%	No	Yes
PT-sUSDe USDe Nov 2025	92.00%	94.00%	1.10%	No	Yes
PT-USDe Stablecoins Nov 2025	91.00%	93.00%	2.00%	No	Yes
PT-USDe USDe Nov 2025	94.00%	96.00%	1.00%	No	Yes
PTUSDe5FEB/Stablecoins	91.00%	93.00%	2.00%	Yes	Yes
PTUSDe5FEB/USDe	94.00%	96.00%	1.00%	Yes	Yes
PTsUSDe5FEB/Stablecoins	90.00%	92.00%	3.00%	No	Yes
PTsUSDe5FEB/USDe	92.00%	94.00%	2.00%	No	Yes
PT_USDe_7MAY2026__Stablecoins	91.00%	93.00%	2.70%	Yes	Yes
PT_USDe_7MAY2026__USDe	94.00%	96.00%	1.70%	Yes	Yes
PT_sUSDe_7MAY2026__Stablecoins	90.00%	92.00%	4.20%	No	Yes
PT_sUSDe_7MAY2026__USDe	92.00%	94.00%	3.20%	No	Yes
PT_srUSDe_2APR2026_sUSDe__USDT_USDe_USDC	90.00%	92.00%	3.30%	No	Yes
PT_srUSDe_2APR2026_sUSDe__USDe	92.00%	94.00%	1.30%	No	Yes
PT_srUSDe_25JUN2026__Stablecoins	90.00%	92.00%	4.10%	No	Yes
PT_srUSDe_25JUN2026__USDe	91.60%	93.60%	1.30%	No	Yes
PT_USDG_28MAY2026__Stablecoins	93.80%	95.80%	1.50%	No	Yes
PT-srUSDe Stablecoins	90.00%	92.00%	4.58%	No	Yes
PT-srUSDe USDe	92.00%	94.00%	1.58%	No	Yes

USDe on other Aave markets

The same asset, different rates

Compare all →

Market	Total supplied	Supply APY	Total borrowed	Borrow APY	Utilization
PlasmaUSDe · $549.8M	$549.8M550.01M USDe	0.40%	$45.75M45.76M USDe	6.53%	8.3%
MonadUSDe · $73.02M	$73.02M73.04M USDe	0.17%	$2.66M2.66M USDe	6.51%	3.6%
MantleUSDe · $27.37M	$27.37M27.38M USDe	<0.01%	$20.2K20.25K USDe	6.50%	0.1%
Ethereum Ethena EcosystemV4USDe · $15.00M	$15.00M15.00M USDe	0.10%	$319K319.04K USDe	6.31%base rate	2.1%
Ethereum Ethena CorrelatedV4USDe · $75.3K	$75.3K75.27K USDe	0.10%	$67.0067.31 USDe	6.31%base rate	2.1%
MegaETHUSDe · $66.4K	$66.4K66.38K USDe	0.92%	$33.7K33.76K USDe	2.42%	50.9%
InkUSDe · $28.0K	$28.0K28.00K USDe	1.43%	$17.3K17.26K USDe	3.13%	61.6%
AvalancheUSDe · $4.6K	$4.6K4.57K USDe	6.15%	$3.7K3.71K USDe	10.28%	81.3%