WETH on Aave Linea

Wrapped Ether (WETH) is listed on the Aave V3 Linea market. Lenders have supplied $5.66M (2.54K WETH) and borrowers owe $4.14M, so 73.1% of the pool is lent out and $1.14M is left to borrow. The supply cap is 41% used.

Suppliers earn 1.27% a year, and variable-rate borrowers pay 2.05%. The rate follows utilization: up to 90% the borrow rate rises gently from 0.00% to 2.50%, and above that it climbs steeply to 8.50% when everything is lent out. At 73.1% now, the pool is below that point. Aave keeps 15% of the interest as its reserve factor.

WETH counts as collateral here: you can borrow up to 80% of its value, and a loan is liquidated once it reaches 83%, with a 6.0% penalty. The best WETH supply rate elsewhere on Aave is 1.70% on the Ethereum Main spoke (V4). The cheapest place to borrow it is Celo at 0.24%. Compare WETH rates on every Aave market.

Among the 14 Aave markets with at least $1M of WETH supplied, this one pays the 6th highest supply rate. Its borrow rate is the 10th lowest of the 14 markets with at least $250K of WETH to lend. A week ago suppliers earned 1.24% and borrowers paid 2.03%, with 72.4% of the pool lent out. Over the past 30 days, the supply rate ranged from 1.21% to 1.31%, and the borrow rate from 2.00% to 2.08% (one reading a day).