USDG on Aave X Layer

Global Dollar (USDG) is listed on the Aave V3 X Layer market. Lenders have supplied $1.27M (1.27M USDG) and borrowers owe $1.00M, so 78.8% of the pool is lent out and $269K is left to borrow. The supply cap is 13% used.

Suppliers earn 3.19% a year, and variable-rate borrowers pay 4.53%. The rate follows utilization: up to 80% the borrow rate rises gently from 0.00% to 4.50%, and above that it climbs steeply to 49.50% when everything is lent out. At 78.8% now, the pool is below that point. Aave keeps 10% of the interest as its reserve factor.

USDG cannot be used as collateral on this market. The best USDG supply rate elsewhere on Aave is 3.19% on the Ethereum Main spoke (V4). The cheapest place to borrow it is the Ethereum Maple SyrupUSDG spoke (V4) at 4.07%. Compare USDG rates on every Aave market.

Among the 5 Aave markets with at least $1M of USDG supplied, this one pays the highest supply rate. Its borrow rate is the 8th lowest of the 8 markets with at least $250K of USDG to lend. A week ago suppliers earned 1.27% and borrowers paid 2.85%, with 50.0% of the pool lent out. Over the past 30 days, the supply rate ranged from 0.39% to 3.19%, and the borrow rate from 1.57% to 4.53% (one reading a day).