WETH on Aave V4 Ethereum Kelp

❄ Frozen

Live Wrapped Ether (WETH) rates on the Aave V4 Kelp 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 2026-11-08 04:27 UTC

Supply APY

1.70%

earned by suppliers

Base borrow rate

2.20%

borrowing is off

Supplied here

0 WETH

Borrowed here

$2.72M

1.22K WETH

Hub utilization

91.1%

Core hub, all spokes

Available to borrow

frozen

WETH supply and borrow rate history

Averages published by Aave's V4 API

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

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	$97.46M
Borrowed across the hub	$88.78M
Spokes sharing it	4
Liquidity fee	15.00%
WETH token	0xC02a…6Cc2
Spoke contract	0x3131…B9a4
Hub contract	0xCca8…26c9

WETH utilization and interest rate curve

Hub utilization is 91.1% 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 2.20%. Past that point it climbs steeply, reaching 10.20% when everything is lent out.

About WETH on the Kelp spoke

Wrapped Ether (WETH) is listed on the Aave V4 Kelp spoke on Ethereum, which draws its liquidity from the Core hub. On this spoke $0 is supplied and $2.72M borrowed, out of $97.46M supplied across the whole hub, shared by 4 spokes. WETH is frozen here: no new deposits or loans, only repayments and withdrawals.

Suppliers earn 1.70% a year, and borrowers pay the hub's base rate of 2.20% plus a personal risk premium that depends on the collateral behind their loan. The hub is 91.1% borrowed. Up to 92% the base rate rises gently from 0.00% to 2.20%; above that it climbs steeply to 10.20% when everything is lent out.

WETH cannot be used as collateral on this spoke. The best WETH supply rate elsewhere on Aave is 1.70% on the Ethereum Main spoke (V4). The cheapest place to borrow it is Celo at 0.24%. Compare WETH rates on every Aave market.

A week ago suppliers earned 1.70% and the base borrow rate was 2.20%, with the hub 91.1% lent out. Over the past 30 days, the supply rate ranged from 1.58% to 5.26%, and the base borrow rate from 2.12% to 6.47% (one reading a day).

WETH on Aave V4 Kelp: quick answers

What is the WETH supply APY on Aave V4 Kelp?

1.70% 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 WETH on Aave V4 Kelp?

The base borrow rate is 2.20%. 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 WETH as collateral on Aave V4 Kelp?

No, WETH is not accepted as collateral on this spoke, although it can be supplied to earn interest.

Where else can I supply or borrow WETH on Aave?

The best supply rate is 1.70% on the Ethereum Main spoke (V4). The cheapest borrow rate is 0.24% on Celo. Only markets with real liquidity are counted.

WETH elsewhere on Aave

V3 markets and other V4 spokes

WETH rates on every Aave market →

Market	Total supplied	Supply APY	Total borrowed	Borrow APY	Utilization
Ethereum CoreWETH · $4.69B	$4.69B2.10M WETH	1.43%	$3.87B1.73M WETH	2.04%	84.6%
BaseWETH · $214.9M	$214.9M96.14K WETH	1.43%	$175.8M78.64K WETH	2.07%	81.8%
ArbitrumWETH · $213.3M	$213.3M95.45K WETH	0.96%	$121.6M54.39K WETH	2.00%	82.9%
Ethereum MainV4WETH · $97.45M	$97.45M43.62K WETH	1.70%	$4.63M2.07K WETH	2.20%base rate	91.1%
Ethereum PrimeWETH · $42.72M	$42.72M19.12K WETH	1.46%	$36.54M16.35K WETH	2.01%	85.5%
PolygonWETH · $32.22M	$32.22M14.41K WETH	0.47%	$9.51M4.25K WETH	1.90%	29.5%
AvalancheWETH.e · $22.21M	$22.21M9.94K WETH.e	0.04%	$2.88M1.29K WETH.e	0.36%	13.0%
OptimismWETH · $18.87M	$18.87M8.45K WETH	1.12%	$13.79M6.17K WETH	1.80%	73.1%