Aave V4 Ethena Correlated spoke on Ethereum
A spoke is where people supply and borrow on Aave V4, much like a market on V3. This one runs on Ethereum and lists 4 assets. Click an asset for its history, rate curve and risk settings.
Data from Aave's V4 API · updated
Total supplied
$253
Total borrowed
$21.00
8.3% of supply
Assets
4
1 can be borrowed
Liquidation target
1.03
health factor a liquidation aims to restore
| Asset | Supply APY | Borrow APY | |||
|---|---|---|---|---|---|
| USDeUSDe$224 supplied | <0.01% | 7.25%base rate | |||
| PT USDePT USDe (May 2026)$23.00 supplied | 0.00% | not borrowable– | |||
| sUSDeStaked USDe$6.00 supplied | 0.00% | not borrowable– | |||
| PT sUSDePT sUSDe (May 2026)$0 supplied | 0.00% | not borrowable– | |||
| Nothing matches that filter. | |||||
About the Ethena Correlated spoke
The Ethena Correlated spoke runs on Ethereum and lists 4 assets: 1 can be borrowed and 4 can back loans. It draws its liquidity from one hub. By deposits it is the 23rd largest of the 24 Aave V4 spokes. $253 is supplied and almost nothing is borrowed yet.
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 Correlated spoke: quick answers
How big is the Aave V4 Ethena Correlated spoke?
$253 is supplied and $21.00 borrowed across 4 assets on Ethereum. The largest are USDe ($224), PT USDe ($23.00) and sUSDe ($6.00).
What is the cheapest asset to borrow on the Aave V4 Ethena Correlated spoke?
USDe at a 7.25% base rate, among assets with at least $250K available. A borrower's risk premium comes on top.
Draws liquidity from: Plus hub. Spoke contract: 0x5813…9649