USDG on Aave Ink

Global Dollar (USDG) is listed on the Aave V3 Ink market. Lenders have supplied $1.20M (1.20M USDG) and borrowers owe $345K, so 28.9% of the pool is lent out. Borrowing USDG is switched off here, so existing loans can only be repaid. The supply cap is 2% used.

Suppliers earn 1.74% a year, and variable-rate borrowers pay 6.87%. The rate follows utilization: up to 90% the borrow rate rises gently from 6.00% to 8.00%, and above that it climbs steeply to 48.00% when everything is lent out. At 28.9% now, the pool is below that point. Aave keeps 10% of the interest as its reserve factor.

USDG cannot be used as collateral on this market. The best USDG supply rate elsewhere on Aave is 3.19% on X Layer. The cheapest place to borrow it is the Ethereum Maple SyrupUSDG spoke (V4) at 4.07%. Compare USDG rates on every Aave market.

Among the 5 Aave markets with at least $1M of USDG supplied, this one pays the 5th highest supply rate. A week ago suppliers earned 1.67% and borrowers paid 6.84%, with 27.8% of the pool lent out. Over the past 30 days, the supply rate ranged from 1.53% to 1.75%, and the borrow rate from 6.79% to 6.87% (one reading a day).