USDG on Aave V4 Ethereum PAXG Gold

Live Global Dollar (USDG) rates on the Aave V4 PAXG Gold 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

2.91%

plus rewards

Base borrow rate

4.07%

before any risk premium

Supplied here

$146K

145.63K USDG

Borrowed here

$3.10M

3.10M USDG

Hub utilization

89.9%

Global Dollar hub, all spokes

Available to borrow

$1.90M

price $0.9999

USDG 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	145.63K of 5.00M USDG (2.9%)
Borrow cap used	3.10M of 5.00M USDG (61.9%)

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	Global Dollar hub
Supplied across the hub	$53.56M
Borrowed across the hub	$48.16M
Spokes sharing it	3
Liquidity fee	20.00%
USDG token	0xe343…491D
Spoke contract	0xAD75…62C2
Hub contract	0x62d6…0368

USDG utilization and interest rate curve

Hub utilization is 89.9% right now. Set by the Global Dollar 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 24.00% when everything is lent out.

About USDG on the PAXG Gold spoke

Global Dollar (USDG) is listed on the Aave V4 PAXG Gold spoke on Ethereum, which draws its liquidity from the Global Dollar hub. On this spoke $146K is supplied and $3.10M borrowed, out of $53.56M supplied across the whole hub, shared by 3 spokes. $1.90M is available to borrow.

Suppliers earn 2.91% a year, and borrowers pay the hub's base rate of 4.07% plus a personal risk premium that depends on the collateral behind their loan. The hub is 89.9% borrowed. Up to 90% the base rate rises gently from 0.00% to 4.00%; above that it climbs steeply to 24.00% when everything is lent out.

USDG cannot be used as collateral on this spoke. The best USDG supply rate elsewhere on Aave is 3.19% on X Layer. The cheapest place to borrow it is the Ethereum Maple SyrupUSDG spoke (V4) at 4.07%. Compare USDG rates on every Aave market.

Its base borrow rate is the lowest of the 8 markets with at least $250K of USDG to lend. A week ago suppliers earned 2.50% and the base borrow rate was 3.77%, with the hub 83.3% lent out. Over the past 30 days, the supply rate ranged from 1.76% to 4.39%, and the base borrow rate from 3.16% to 6.07% (one reading a day).

USDG on Aave V4 PAXG Gold: quick answers

What is the USDG supply APY on Aave V4 PAXG Gold?

2.91% a year right now. It is paid out of what borrowers across the Global Dollar hub pay and changes with every deposit, loan and repayment.

What does it cost to borrow USDG on Aave V4 PAXG Gold?

The base borrow rate is 4.07%. 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 USDG as collateral on Aave V4 PAXG Gold?

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

Where else can I supply or borrow USDG on Aave?

The best supply rate is 3.19% on X Layer. The cheapest borrow rate is 4.07% on the Ethereum Maple SyrupUSDG spoke (V4). Only markets with real liquidity are counted.

USDG elsewhere on Aave

V3 markets and other V4 spokes

USDG rates on every Aave market →

Market	Total supplied	Supply APY	Total borrowed	Borrow APY	Utilization
Ethereum MainV4USDG · $74.70M	$74.70M74.70M USDG	3.19%	$52.53M52.53M USDG	4.44%base rate	90.3%
Ethereum Maple SyrupUSDGV4USDG (Global Dollar hub) · $53.25M	$53.25M53.26M USDG	2.91%	$45.06M45.06M USDG	4.07%base rate	89.9%
Ethereum CoreUSDG · $2.99M	$2.99M2.99M USDG	2.49%	$2.10M2.10M USDG	4.48%	70.2%
X LayerUSDG · $1.27M	$1.27M1.27M USDG	3.19%	$1.00M1.00M USDG	4.53%	78.8%
InkUSDG · $1.20M	$1.20M1.20M USDG	1.74%	$345K345.31K USDG	6.87%	28.9%
Ethereum Maple SyrupUSDGV4USDG (Core hub) · $0	$00 USDG	3.19%	$10.03M10.03M USDG	4.44%base rate	90.3%
Ethereum BluechipV4USDG · $0	$00 USDG	3.19%	$3.84M3.84M USDG	4.44%base rate	90.3%
Ethereum ForexV4USDG · $0	$00 USDG	3.19%	$64.6K64.65K USDG	4.44%base rate	90.3%