USDT (Plus 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
3.44%
earned by suppliers
Base borrow rate
4.45%
before any risk premium
Supplied here
$3.42M
3.42M USDT
Borrowed here
$3.12M
3.12M USDT
Hub utilization
91.0%
Plus hub, all spokes
Available to borrow
$309K
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 | 3.42M of 6.00M USDT (57.1%) |
| Borrow cap used | 3.12M of 6.38M USDT (48.9%) |
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 | Plus hub |
|---|---|
| Supplied across the hub | $3.42M |
| Borrowed across the hub | $3.12M |
| Spokes sharing it | 1 |
| Liquidity fee | 15.00% |
| USDT token | 0xdAC1…1ec7 |
| Spoke contract | 0xba1B…08AF |
| Hub contract | 0x0600…536A |
USDT utilization rate history
Recorded once a day by Aave Tracker
USDT utilization and interest rate curve
Hub utilization is 91.0% right now. Set by the Plus 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 4.50%. Past that point it climbs steeply, reaching 24.50% 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% |