USDe on Aave Ethereum Core

USDe is listed on the Aave V3 Ethereum Core market on Ethereum. Lenders have supplied $549.3M (550.00M USDe) and borrowers owe $12.18M, so 2.2% of the pool is lent out and $7.79M is left to borrow. The supply cap is 100% used.

Suppliers earn 0.12% a year, and variable-rate borrowers pay 7.26%. The rate follows utilization: up to 90% the borrow rate rises gently from 7.00% to 7.25%, and above that it climbs steeply to 19.25% when everything is lent out. At 2.2% now, the pool is below that point. Aave keeps 25% of the interest as its reserve factor.

USDe cannot be used as collateral on this market. The best USDE supply rate elsewhere on Aave is 0.27% on Plasma. The cheapest place to borrow it is X Layer at 6.50%. Compare USDE rates on every Aave market.

Among the 8 Aave markets with at least $1M of USDE supplied, this one pays the 2nd highest supply rate. Its borrow rate is the 6th lowest of the 7 markets with at least $250K of USDE to lend. A week ago suppliers earned 0.22% and borrowers paid 6.84%, with 4.5% of the pool lent out. Over the past 30 days, the supply rate ranged from 0.12% to 0.30%, and the borrow rate from 6.84% to 7.26% (one reading a day).