USDT0 on Aave Plasma

USDT0 is listed on the Aave V3 Plasma market. Lenders have supplied $709.2M (710.05M USDT0) and borrowers owe $666.9M, so 94.0% of the pool is lent out and $42.32M is left to borrow. The supply cap is 75% used.

Suppliers earn 4.15% a year, and variable-rate borrowers pay 4.66%. The rate follows utilization: up to 94% the borrow rate rises gently from 0.00% to 4.50%, and above that it climbs steeply to 14.50% when everything is lent out. At 94.0% now, the pool is above that point, so the rate can jump quickly if more is borrowed. Aave keeps 5% of the interest as its reserve factor.

USDT0 cannot be used as collateral on this market. The best USDT supply rate elsewhere on Aave is 4.68% on the Ethereum Bluechip spoke (V4). The cheapest place to borrow it is Celo at 1.84%. Compare USDT rates on every Aave market.

Among the 17 Aave markets with at least $1M of USDT supplied, this one pays the 4th highest supply rate. Its borrow rate is the 14th lowest of the 17 markets with at least $250K of USDT to lend. A week ago suppliers earned 4.12% and borrowers paid 4.63%, with 94.0% of the pool lent out. Over the past 30 days, the supply rate ranged from 3.66% to 14.77%, and the borrow rate from 4.35% to 15.60% (one reading a day).