USDC on Aave Ink

USDC is listed on the Aave V3 Ink market. Lenders have supplied $65.49M (65.51M USDC) and borrowers owe $48.52M, so 74.1% of the pool is lent out and $16.98M is left to borrow. The supply cap is 66% used.

Suppliers earn 4.29% a year, and variable-rate borrowers pay 6.50%. The rate follows utilization: up to 95% the borrow rate rises gently from 6.30% to 6.30%, and above that it climbs steeply to 6.30% when everything is lent out. At 74.1% now, the pool is below that point. Aave keeps 10% of the interest as its reserve factor.

USDC cannot be used as collateral on this market. The best USDC supply rate elsewhere on Aave is 9.47% on Linea. The cheapest place to borrow it is the Arc Main spoke (V4) at 3.42%. Compare USDC rates on every Aave market.

Among the 22 Aave markets with at least $1M of USDC supplied, this one pays the 10th highest supply rate. Its borrow rate is the 24th lowest of the 25 markets with at least $250K of USDC to lend. A week ago suppliers earned 4.22% and borrowers paid 6.50%, with 72.9% of the pool lent out. Over the past 30 days, the supply rate ranged from 4.16% to 4.59%, and the borrow rate held at 6.50% (one reading a day).