USDe on Aave X Layer

USDe is listed on the Aave V3 X Layer market. Lenders have supplied $26.06M (26.09M USDe) and borrowers owe $0, so 0.0% of the pool is lent out and $9.99M is left to borrow. The supply cap is 35% used.

Suppliers earn 0.00% a year, and variable-rate borrowers pay 6.50%. The rate follows utilization: up to 85% the borrow rate rises gently from 6.30% to 6.55%, and above that it climbs steeply to 51.55% 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 Mantle at 6.82%. Compare USDE rates on every Aave market.

Among the 8 Aave markets with at least $1M of USDE supplied, this one pays the 6th highest supply rate. Its borrow rate is the lowest of the 7 markets with at least $250K of USDE to lend. A week ago suppliers earned 0.00% and borrowers paid 6.50%, with 0.0% of the pool lent out. Over the past 17 days, the borrow rate held at 6.50% (one reading a day).