USDe on Aave V4 Avalanche Ethena Ecosystem
Live USDe rates on the Aave V4 Ethena Ecosystem spoke on Avalanche. On V4 every borrower pays the hub's base rate, and a personal risk premium can be added depending on the collateral behind the loan.
Data from Aave's V4 API · updated
Supply APY
0.00%
earned by suppliers
Base borrow rate
–
borrowing is off
Supplied here
$68.04M
68.12M USDe
Borrowed here
$0
0 USDe
Hub utilization
0.0%
Core hub, all spokes
Available to borrow
$0
borrowing is off
USDe supply and borrow rate history
Averages published by Aave's V4 API
Supply APY
| Day | Supply APY | Borrow rate |
|---|
Risk settings on this spoke
| Can be used as collateral | Yes |
|---|---|
| Collateral factor | 93.00% |
| Collateral risk score | 16.50% |
| Max liquidation bonus | 2.00% |
| Liquidation fee | 10.00% |
| Supply cap used | 68.12M of 120.00M USDe (56.8%) |
The collateral factor decides how much you can borrow against this asset. The risk score feeds the borrower's risk premium: the safer the collateral, the lower the premium. How V4 works.
Where the liquidity comes from
| Hub | Core hub |
|---|---|
| Supplied across the hub | $68.04M |
| Borrowed across the hub | $0 |
| Spokes sharing it | 1 |
| Liquidity fee | 0.00% |
| USDe token | 0x5d3a…ef34 |
| Spoke contract | 0xaf22…650A |
| Hub contract | 0xd073…Df6e |
USDe utilization rate history
Recorded once a day by Aave Tracker
USDe utilization and interest rate curve
Hub utilization is 0.0% right now. Set by the Core hub: how the base rate responds as more of the supply gets borrowed.
Base borrow rate Supply rate
Up to 99% utilization the base rate climbs gently from 0.00% to 0.00%. Past that point it climbs steeply, reaching 0.00% when everything is lent out.
About USDe on the Ethena Ecosystem spoke
USDe is listed on the Aave V4 Ethena Ecosystem spoke on Avalanche, which draws its liquidity from the Core hub. On this spoke $68.04M is supplied and $0 borrowed, nearly all of the USDe in the hub, which is shared by 1 spoke. USDe is not lent out on this spoke.
Suppliers earn 0.00% a year. The hub is 0.0% borrowed. Up to 99% the base rate rises gently from 0.00% to 0.00%; above that it climbs steeply to 0.00% when everything is lent out.
USDe can back loans here with a collateral factor of 93%. Its collateral risk score of 17% feeds the borrower's risk premium, and liquidators can earn a bonus of up to 2.0%. The best USDE supply rate elsewhere on Aave is 0.27% on Plasma. 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 6th highest supply rate. A week ago suppliers earned 0.00%, with the hub 0.0% lent out.
USDe on Aave V4 Ethena Ecosystem: quick answers
What is the USDe supply APY on Aave V4 Ethena Ecosystem?
0.00% a year right now. It is paid out of what borrowers across the Core hub pay and changes with every deposit, loan and repayment.
Can I use USDe as collateral on Aave V4 Ethena Ecosystem?
Yes, with a collateral factor of 93%: you can borrow up to that share of its value. Safer collateral lowers your risk premium.
Where else can I supply or borrow USDE on Aave?
The best supply rate is 0.27% on Plasma. The cheapest borrow rate is 6.50% on X Layer. Only markets with real liquidity are counted.
USDe elsewhere on Aave
V3 markets and other V4 spokes
| Market | Supply APY | Borrow APY |
|---|---|---|
| PlasmaUSDe · $583.5M | 0.27% | 7.27% |
| Ethereum CoreUSDe · $549.3M | 0.12% | 7.26% |
| MonadUSDe · $124.9M | <0.01% | 7.25% |
| Ethereum RLUSD YieldV4USDe · $49.95M | 0.00% | not borrowable– |
| Ethereum Ethena EcosystemV4USDe · $29.68M | <0.01% | 7.25%base rate |
| X LayerUSDe · $26.06M | 0.00% | 6.50% |
| MantleUSDe · $22.81M | <0.01% | 6.82% |
| MegaETHUSDe · $57.5K | 1.30% | 2.89% |
