USDe on Aave MegaETH

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

Data from Aave's API · updated 2026-11-08 04:27 UTC

Supply APY

1.30%

earned by suppliers

Borrow APY, variable

2.89%

paid by borrowers

Total supplied

$57.5K

57.53K USDe

Total borrowed

$34.8K

34.80K USDe

Utilization

60.5%

share of supply that is lent out

Available to borrow

$22.7K

oracle price $0.9988

USDe supply and borrow APY history

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	Disabled
Supply cap used	57.53K of 10.00M USDe (0.6%)
Borrow cap used	34.80K of 9.00M USDe (0.4%)

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

Contracts

USDe token	0x5d3a…ef34
aToken (aMegUSDe)	0x78f2…016F
Variable debt token	0x7dD7…e009
Price oracle	0x6B00…80B3
Interest rate strategy	0x5cC4…8194
Pool	0x7e32…1C28

Links open the MegaETH block explorer.

USDe utilization and interest rate curve

Utilization is 60.5% right now. The chart shows how the rate responds as more of the supply gets borrowed.

Borrow APR Supply APR

Up to 85% utilization the borrow rate climbs gently from 0.00% to 4.00%. Past that point it climbs steeply, reaching 16.00% 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 (1)	Max LTV	Liquidation threshold	Penalty	As collateral	Borrowable
USDe__USDT0_USDm	90.00%	93.00%	2.00%	Yes	No

About USDe on Aave MegaETH

USDe is listed on the Aave V3 MegaETH market. Lenders have supplied $57.5K (57.53K USDe) and borrowers owe $34.8K, so 60.5% of the pool is lent out and $22.7K is left to borrow. The supply cap is 1% used.

Suppliers earn 1.30% a year, and variable-rate borrowers pay 2.89%. The rate follows utilization: up to 85% the borrow rate rises gently from 0.00% to 4.00%, and above that it climbs steeply to 16.00% when everything is lent out. At 60.5% 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.

A week ago suppliers earned 1.23% and borrowers paid 2.81%, with 58.8% of the pool lent out. Over the past 30 days, the supply rate ranged from 0.89% to 1.30%, and the borrow rate from 2.39% to 2.89% (one reading a day).