frxUSD on Aave V4 Ethereum Ethena Ecosystem
Live Frax USD (frxUSD) rates on the Aave V4 Ethena Ecosystem spoke on Ethereum. 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
2.69%
plus rewards
Base borrow rate
3.91%
before any risk premium
Supplied here
$0
0 frxUSD
Borrowed here
$15.01M
15.01M frxUSD
Hub utilization
86.5%
Core hub, all spokes
Available to borrow
$0
borrow cap is full
frxUSD supply and borrow rate history
Averages published by Aave's V4 API
Base borrow rate Supply APY
| Day | Supply APY | Borrow rate |
|---|
Risk settings on this spoke
| Can be used as collateral | No |
|---|---|
| Collateral factor | – |
| Collateral risk score | 0.00% |
| Max liquidation bonus | – |
| Liquidation fee | 0.00% |
| Supply cap used | Supplying is off on this spoke |
| Borrow cap used | Full: 15.01M frxUSD against a cap of 15.00M, so no new loans |
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 | $27.68M |
| Borrowed across the hub | $23.94M |
| Spokes sharing it | 5 |
| Liquidity fee | 20.00% |
| frxUSD token | 0xCAcd…6E29 |
| Spoke contract | 0xba1B…08AF |
| Hub contract | 0xCca8…26c9 |
frxUSD utilization rate history
Recorded once a day by Aave Tracker
frxUSD utilization and interest rate curve
Hub utilization is 86.5% 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 90% utilization the base rate climbs gently from 0.00% to 4.00%. Past that point it climbs steeply, reaching 39.00% when everything is lent out.
About frxUSD on the Ethena Ecosystem spoke
Frax USD (frxUSD) is listed on the Aave V4 Ethena Ecosystem spoke on Ethereum, which draws its liquidity from the Core hub. On this spoke $0 is supplied and $15.01M borrowed, out of $27.68M supplied across the whole hub, shared by 5 spokes. The borrow cap is full, so no new loans can be taken until borrowers repay or the cap is raised.
Suppliers earn 2.69% a year, and borrowers pay the hub's base rate of 3.91% plus a personal risk premium that depends on the collateral behind their loan. The hub is 86.5% borrowed. Up to 90% the base rate rises gently from 0.00% to 4.00%; above that it climbs steeply to 39.00% when everything is lent out.
frxUSD cannot be used as collateral on this spoke. The best FRXUSD supply rate elsewhere on Aave is 2.69% on the Ethereum Main spoke (V4). The cheapest place to borrow it is the Ethereum Main spoke (V4) at 3.91%. Compare FRXUSD rates on every Aave market.
A week ago suppliers earned 2.60% and the base borrow rate was 3.84%, with the hub 85.0% lent out. Over the past 30 days, the supply rate ranged from 2.60% to 3.07%, and the base borrow rate from 3.84% to 4.28% (one reading a day).
frxUSD on Aave V4 Ethena Ecosystem: quick answers
What is the frxUSD supply APY on Aave V4 Ethena Ecosystem?
2.69% a year right now. It is paid out of what borrowers across the Core hub pay and changes with every deposit, loan and repayment.
What does it cost to borrow frxUSD on Aave V4 Ethena Ecosystem?
The base borrow rate is 3.91%. On Aave V4 each borrower also pays a risk premium on top, set by the collateral behind their loan, so the rate you pay can be higher.
Can I use frxUSD as collateral on Aave V4 Ethena Ecosystem?
No, frxUSD is not accepted as collateral on this spoke, although it can be supplied to earn interest.
Where else can I supply or borrow FRXUSD on Aave?
The best supply rate is 2.69% on the Ethereum Main spoke (V4). The cheapest borrow rate is 3.91% on the Ethereum Main spoke (V4). Only markets with real liquidity are counted.
frxUSD elsewhere on Aave
V3 markets and other V4 spokes
| Market | Supply APY | Borrow APY |
|---|---|---|
| Ethereum MainV4frxUSD · $27.62M | 2.69% | 3.91%base rate |
| Ethereum BluechipV4frxUSD · $0 | 2.69% | 3.91%base rate |
| Ethereum ForexV4frxUSD · $0 | 2.69% | 3.91%base rate |
| Ethereum GoldV4frxUSD · $0 | 2.69% | 3.91%base rate |
