USDe on Aave Plasma

USDe is listed on the Aave V3 Plasma market. Lenders have supplied $583.5M (584.20M USDe) and borrowers owe $29.96M, so 5.1% of the pool is lent out and $4.99M is left to borrow. The supply cap is 90% used.

Suppliers earn 0.27% a year, and variable-rate borrowers pay 7.27%. The rate follows utilization: up to 85% the borrow rate rises gently from 7.00% to 7.25%, and above that it climbs steeply to 19.25% when everything is lent out. At 5.1% 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 0.12% on Ethereum Core. 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 highest supply rate. Its borrow rate is the 7th lowest of the 7 markets with at least $250K of USDE to lend. A week ago suppliers earned 0.25% and borrowers paid 6.84%, with 5.1% of the pool lent out. Over the past 30 days, the supply rate ranged from 0.23% to 0.28%, and the borrow rate from 6.84% to 7.27% (one reading a day).