Aave V4 Ethena Ecosystem spoke on Avalanche
A spoke is where people supply and borrow on Aave V4, much like a market on V3. This one runs on Avalanche and lists 3 assets. Click an asset for its history, rate curve and risk settings.
Data from Aave's V4 API · updated
Total supplied
$68.04M
Total borrowed
$61.93M
91.0% of supply
Assets
3
2 can be borrowed
Liquidation target
1.03
health factor a liquidation aims to restore
| Asset | Supply APY | Borrow APY | |||
|---|---|---|---|---|---|
| USDeUSDe$68.04M supplied | 0.00% | not borrowable– | |||
| USDTTether USD$0 supplied | 2.68% | 3.70%base rate | |||
| USDCUSD Coin$0 supplied | 3.70% | 4.59%base rate | |||
| Nothing matches that filter. | |||||
About the Ethena Ecosystem spoke
The Ethena Ecosystem spoke runs on Avalanche and lists 3 assets: 2 can be borrowed and 1 can back loans. It draws its liquidity from one hub. By deposits it is the 8th largest of the 24 Aave V4 spokes. $68.04M is supplied and $61.93M borrowed, so 91.0% of deposits are lent out.
The largest pool is USDe ($68.04M). Borrowers mostly take USDT ($61.93M). Stablecoins make up 100% of all borrowing here, which is typical: most people use Aave to borrow dollars against crypto they want to keep.
When a loan here falls below a health factor of 1, a liquidation repays just enough to bring it back to 1.03, rather than a fixed share of the debt. See Aave V4 explained and the V4 overview.
Aave V4 Ethena Ecosystem spoke: quick answers
How big is the Aave V4 Ethena Ecosystem spoke?
$68.04M is supplied and $61.93M borrowed across 3 assets on Avalanche. The largest are USDe ($68.04M), USDT ($61.93M) and USDC ($5.00).
What is the best supply rate on the Aave V4 Ethena Ecosystem spoke?
USDe pays 0.00%, the highest among assets with at least $1M supplied.
What is the cheapest asset to borrow on the Aave V4 Ethena Ecosystem spoke?
USDT at a 3.70% base rate, among assets with at least $250K available. A borrower's risk premium comes on top.
Draws liquidity from: Core hub. Spoke contract: 0xaf22…650A