USDe on Aave Plasma

Live USDe (USDe) rates on the Aave V3 Plasma 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

0.40%

earned by suppliers

Borrow APY, variable

6.53%

paid by borrowers

Total supplied

$549.8M

550.01M USDe

Total borrowed

$45.75M

45.76M USDe

Utilization

8.3%

share of supply that is lent out

Available to borrow

$504.1M

oracle price $0.9997

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	550.01M of 550.00M USDe (100.0%)
Borrow cap used	45.76M of 100.00M USDe (45.8%)

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

Contracts

USDe token	0x5d3a…ef34
aToken (aPlaUSDe)	0x7519…F43A
Variable debt token	0xEa65…4257
Price oracle	0xdBbB…22c3
Interest rate strategy	0x2B16…6cdC
Pool	0x925a…5e12

Links open the Plasma block explorer.

USDe utilization and interest rate curve

Utilization is 8.3% 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 6.30% to 6.55%. Past that point it climbs steeply, reaching 18.55% 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 (16)	Max LTV	Liquidation threshold	Penalty	As collateral	Borrowable
USDe Stablecoins	90.00%	93.00%	2.00%	Yes	No
sUSDe Stablecoins	90.00%	92.00%	4.00%	Yes	No
PT-USDe Stablecoins Jan 2026	91.00%	93.00%	2.00%	No	Yes
PT-USDe USDe Jan 2026	94.00%	96.00%	1.10%	No	Yes
PT-sUSDe Stablecoins Jan 2026	90.00%	92.00%	3.00%	No	Yes
PT-sUSDe USDe Jan 2026	92.00%	94.00%	2.00%	No	Yes
PT_USDe_9APR2026__Stablecoins	91.00%	93.00%	2.50%	Yes	Yes
PT_USDe_9APR2026__USDe	94.00%	96.00%	1.50%	Yes	Yes
PT_sUSDe_9APR2026__Stablecoins	90.00%	92.00%	3.50%	No	Yes
PT_sUSDe_9APR2026__USDe	92.00%	94.00%	1.50%	No	Yes
USDe_PT_USDe_9APR2026_PT_USDe_18JUN2026__Stablecoins	91.10%	93.10%	2.20%	Yes	Yes
PT_USDe_18JUN2026__USDe	93.80%	95.80%	1.20%	Yes	Yes
sUSDe_PT_sUSDE_9APR2026_PT_sUSDE_18JUN2026__Stablecoins	90.10%	92.10%	4.10%	No	Yes
PT_sUSDE_18JUN2026__USDe	92.10%	94.10%	1.70%	No	Yes
sUSDe_PT_sUSDe_22OCT2026__Stablecoins	88.01%	90.01%	4.40%	No	Yes
sUSDe_PT_sUSDe_22OCT2026__USDe	90.65%	92.65%	1.40%	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%
MonadUSDe · $73.02M	$73.02M73.04M USDe	0.17%	$2.66M2.66M USDe	6.51%	3.6%
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%