USDT (Core hub) on Aave V4 Ethena Ecosystem
Live Tether USD (USDT) 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
5.73%
earned by suppliers
Base borrow rate
6.83%
before any risk premium
Supplied here
$0
0 USDT
Borrowed here
$750K
750.33K USDT
Hub utilization
93.2%
Core hub, all spokes
Available to borrow
$0
price $0.9998
USDT 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 | No cap |
| Borrow cap used | 750.33K of 750.00K USDT (100.0%) |
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 | $18.84M |
| Borrowed across the hub | $17.56M |
| Spokes sharing it | 5 |
| Liquidity fee | 10.00% |
| USDT token | 0xdAC1…1ec7 |
| Spoke contract | 0xba1B…08AF |
| Hub contract | 0xCca8…26c9 |
USDT utilization rate history
Recorded once a day by Aave Tracker
USDT utilization and interest rate curve
Hub utilization is 93.2% 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 92% utilization the base rate climbs gently from 0.00% to 4.00%. Past that point it climbs steeply, reaching 24.00% when everything is lent out.
USDT elsewhere on Aave
V3 markets and other V4 spokes
| Market | Supply APY | Borrow APY |
|---|---|---|
| Ethereum CoreUSDT · $2.90B | 4.05% | 4.85% |
| PlasmaUSDT0 · $760.9M | 4.29% | 4.80% |
| MantleUSDT0 · $156.9M | 3.09% | 3.95% |
| MonadUSDT0 · $76.42M | 11.01% | 13.01% |
| X LayerUSD₮0 · $72.03M | 3.00% | 4.14% |
| BNB ChainUSDT · $61.77M | 2.76% | 3.92% |
| ArbitrumUSD₮0 · $45.93M | 3.31% | 4.30% |
| PolygonUSDT0 · $31.83M | 3.09% | 6.58% |