USDe on Aave Monad

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

Data from Aave's API · updated 2026-09-21 08:51 UTC

Supply APY

0.17%

earned by suppliers

Borrow APY, variable

6.51%

paid by borrowers

Total supplied

$73.02M

73.04M USDe

Total borrowed

$2.66M

2.66M USDe

Utilization

3.6%

share of supply that is lent out

Available to borrow

$70.36M

oracle price $0.9998

USDe supply and borrow APY history

Daily 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	Enabled
Supply cap used	73.04M of 150.00M USDe (48.7%)
Borrow cap used	2.66M of 36.00M USDe (7.4%)

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

Contracts

USDe token	0x5d3a…ef34
aToken (aMonUSDe)	0x37cA…893d
Variable debt token	0x3BE6…cDD8
Price oracle	0x3abA…f090
Interest rate strategy	0x1f6F…8211
Pool	0x69a5…2fef

Links open the Monad block explorer.

USDe utilization and interest rate curve

Utilization is 3.6% right now. The chart shows how the rate responds as more of the supply gets borrowed.

Borrow APR Supply APR

Up to 90% utilization the borrow rate climbs gently from 6.30% to 6.55%. Past that point it climbs steeply, reaching 46.55% 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 (2)	Max LTV	Liquidation threshold	Penalty	As collateral	Borrowable
USDe_sUSDe__Stablecoins	90.00%	92.00%	4.00%	Yes	No
PT_Agora__Stablecoins	93.00%	95.00%	2.44%	No	Yes

USDe on other Aave markets

The same asset, different rates

Compare all →

Market	Total supplied	Supply APY	Total borrowed	Borrow APY	Utilization
Ethereum CoreUSDe · $599.7M	$599.7M599.84M USDe	0.64%	$79.98M80.00M USDe	6.54%	13.3%
PlasmaUSDe · $549.8M	$549.8M550.01M USDe	0.40%	$45.75M45.76M USDe	6.53%	8.3%
MantleUSDe · $27.37M	$27.37M27.38M USDe	<0.01%	$20.2K20.25K USDe	6.50%	0.1%
Ethereum Ethena EcosystemV4USDe · $15.00M	$15.00M15.00M USDe	0.10%	$319K319.04K USDe	6.31%base rate	2.1%
Ethereum Ethena CorrelatedV4USDe · $75.3K	$75.3K75.27K USDe	0.10%	$67.0067.31 USDe	6.31%base rate	2.1%
MegaETHUSDe · $66.4K	$66.4K66.38K USDe	0.92%	$33.7K33.76K USDe	2.42%	50.9%
InkUSDe · $28.0K	$28.0K28.00K USDe	1.43%	$17.3K17.26K USDe	3.13%	61.6%
AvalancheUSDe · $4.6K	$4.6K4.57K USDe	6.15%	$3.7K3.71K USDe	10.28%	81.3%