USDe on Aave Monad

Q: What is the USDe supply APY on Aave Monad?

<0.01% a year right now. It is paid out of what borrowers pay and changes with every deposit, loan and repayment.

Q: What is the USDe borrow rate on Aave Monad?

The variable borrow APY is 7.25%. It rises with utilization, now 0.0%.

Q: Can I use USDe as collateral on Aave Monad?

No, USDe is not accepted as collateral on this market, although it can still be supplied to earn interest.

Q: How much USDe can be borrowed on Aave Monad right now?

$9.94M (9.96M USDe) is available. The borrow cap is 0% used.

Q: Where else can I supply or borrow USDE on Aave?

The best supply rate is 0.27% on Plasma. The cheapest borrow rate is 6.50% on X Layer. Only markets with real liquidity are counted.

Live 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 2026-11-08 04:27 UTC

Supply APY

<0.01%

earned by suppliers

Borrow APY, variable

7.25%

paid by borrowers

Total supplied

$124.9M

125.04M USDe

Total borrowed

$44.6K

44.64K USDe

Utilization

0.0%

share of supply that is lent out

Available to borrow

$9.94M

oracle price $0.9986

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	Enabled
Supply cap used	125.04M of 150.00M USDe (83.4%)
Borrow cap used	44.64K of 10.00M USDe (0.4%)

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 0.0% 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 7.00% to 7.25%. Past that point it climbs steeply, reaching 47.25% 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 (3)	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
PT_AUSD_17DEC2026__Stablecoins	93.00%	95.00%	2.34%	No	Yes

About USDe on Aave Monad

USDe is listed on the Aave V3 Monad market. Lenders have supplied $124.9M (125.04M USDe) and borrowers owe $44.6K, so 0.0% of the pool is lent out and $9.94M is left to borrow. The supply cap is 83% used.

Suppliers earn <0.01% a year, and variable-rate borrowers pay 7.25%. The rate follows utilization: up to 90% the borrow rate rises gently from 7.00% to 7.25%, and above that it climbs steeply to 47.25% when everything is lent out. At 0.0% 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.

Among the 8 Aave markets with at least $1M of USDE supplied, this one pays the 3rd highest supply rate. Its borrow rate is the 3rd lowest of the 7 markets with at least $250K of USDE to lend. A week ago suppliers earned 0.29% and borrowers paid 6.84%, with 5.9% of the pool lent out. Over the past 30 days, the supply rate ranged from <0.01% to 0.29%, and the borrow rate from 6.82% to 7.25% (one reading a day).