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Live and historical data for Aave markets
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USDe
USDe token icon USDe
USDe
Market
Issuer
Ethena
Supply APR
Current interest rate being earned by depositors
4.31%
Market is eligible for incentives via Merkl (merkl.xyz).
Action: Lend sUSDe and USDe on Aave (looping required)
Protocol APR: 0.89%
Reward APR: 3.41% aEthUSDe
Total APR: 4.31%
Borrow APR
Current interest rate being paid by borrowers
2.30%
Supplied ($)
Total value currently deposited in USD terms
$1.07B
Borrowed ($)
Total value currently borrowed in USD terms
$551.7M
Oracle price
Asset price from market oracle
$1
Supplied
1.07B USDe
Borrowed
551.7M USDe
View and export 5+ years of historical data with Aavescan Pro.
Line chart showing historical data for USDe on Ethereum V3 Line chart showing historical data for USDe on Ethereum V3
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Borrow APR chevron down
Line chart showing Borrow APR for USDe on Ethereum V3 Line chart showing Borrow APR for USDe on Ethereum V3
Supply APR chevron down
Line chart showing Supply APR for USDe on Ethereum V3 Line chart showing Supply APR for USDe on Ethereum V3
Supplied ($) chevron down
Line chart showing Supplied ($) for USDe on Ethereum V3 Line chart showing Supplied ($) for USDe on Ethereum V3
Borrowed ($) chevron down
Line chart showing Borrowed ($) for USDe on Ethereum V3 Line chart showing Borrowed ($) for USDe on Ethereum V3
Util chevron down
Line chart showing Util for USDe on Ethereum V3 Line chart showing Util for USDe on Ethereum V3
Supplied chevron down
Line chart showing Supplied for USDe on Ethereum V3 Line chart showing Supplied for USDe on Ethereum V3
Borrowed chevron down
Line chart showing Borrowed for USDe on Ethereum V3 Line chart showing Borrowed for USDe on Ethereum V3
Price ($) chevron down
Line chart showing Price ($) for USDe on Ethereum V3 Line chart showing Price ($) for USDe on Ethereum V3

Average USDe lending rates

Showing the average APRs over historical periods for USDe on Aave V3 Ethereum.

Rate1d7d30d6m1y
Average Supply APR 0.83%0.80%0.92%1.99%2.38%
Average Borrow APR 2.17%2.22%2.60%4.10%4.60%

Daily snapshots

Showing daily snapshots (midnight UTC) for USDe on Aave V3 Ethereum. Rate APRs include incentives.

Date
Supplied
Supply APR
Borrowed
Borrow APR
Mar 15, 2026 1.07B 4.28% 543.4M 2.26%
Mar 14, 2026 1.07B 4.26% 541.3M 2.25%
Mar 13, 2026 1.07B 4.20% 512.2M 2.26%
Mar 12, 2026 1.06B 4.28% 503.7M 2.24%
Mar 11, 2026 1.06B 4.27% 497.4M 2.21%
Mar 10, 2026 1.05B 4.28% 495.5M 2.22%
Mar 09, 2026 1.05B 4.22% 494.0M 2.23%
Download 90 days CSV PRO Download Entire History CSV Pro users get full history

Monthly snapshots

Showing monthly snapshots (first day of month, midnight UTC) for USDe on Aave V3 Ethereum. Rate APRs include incentives.

Date
Supplied
Supply APR
Borrowed
Borrow APR
Mar 01, 2026 1.08B 4.34% 471.9M 2.56%
Feb 01, 2026 1.14B 5.72% 608.4M 3.10%
Jan 01, 2026 814.9M 5.70% 449.0M 3.52%
Dec 01, 2025 871.7M 4.98% 405.7M 2.97%
Nov 01, 2025 881.6M 7.71% 635.7M 5.01%
Oct 01, 2025 1.22B 8.83% 862.2M 5.32%
Sep 01, 2025 1.51B 13.07% 1.18B 6.90%
Aug 01, 2025 991.2M 3.70% 772.9M 6.33%
Jul 01, 2025 490.1M 3.53% 388.4M 5.94%
Jun 01, 2025 647.5M 3.37% 501.2M 5.81%
May 01, 2025 422.6M 0.29% 95.9M 1.70%
Apr 01, 2025 89.5M 1.10% 39.6M 3.32%
Pro users get full history

Liquidity impact

Using the interest rate model to simulate the market rates in the event of a deposit, borrow, repayment or withdrawal (incentives not included).

Showing the immediate impact of deposit events for USDe on Aave V3 Ethereum.

Action Supply APR
Supply APR after the deposit (change from current)
Borrow APR
Borrow APR after the deposit (change from current)
Utilization
Utilization after the deposit
Model
Interest rate curve showing the optimal utilization kink (90%) and the utilization after deposit (circle)
current 0.89% 2.30% 51.68%
$100.0M deposit 0.74% (-0.15%) 2.10% (-0.20%) 47.25%
$250.0M deposit 0.58% (-0.31%) 1.86% (-0.44%) 41.87%
$500.0M deposit 0.41% (-0.48%) 1.56% (-0.73%) 35.20%
$1.00B deposit 0.24% (-0.65%) 1.19% (-1.11%) 26.69%

Showing the immediate impact of borrow events for USDe on Aave V3 Ethereum.

Action Supply APR
Supply APR after the borrow (change from current)
Borrow APR
Borrow APR after the borrow (change from current)
Utilization
Utilization after the borrow
Model
Interest rate curve showing the optimal utilization kink (90%) and the utilization after borrow (circle)
current 0.89% 2.30% 51.68%
$50.0M borrow 1.06% (+0.17%) 2.51% (+0.21%) 56.36%
$100.0M borrow 1.24% (+0.35%) 2.71% (+0.42%) 61.05%
$250.0M borrow 1.88% (+0.99%) 3.34% (+1.04%) 75.10%
$500.0M borrow 10.50% (+9.61%) 14.22% (+11.92%) 98.51%

Showing the immediate impact of repayment events for USDe on Aave V3 Ethereum.

Action Supply APR
Supply APR after the repayment (change from current)
Borrow APR
Borrow APR after the repayment (change from current)
Utilization
Utilization after the repayment
Model
Interest rate curve showing the optimal utilization kink (90%) and the utilization after repayment (circle)
current 0.89% 2.30% 51.68%
$50.0M repayment 0.74% (-0.15%) 2.09% (-0.21%) 47.00%
$100.0M repayment 0.60% (-0.29%) 1.88% (-0.42%) 42.31%
$250.0M repayment 0.27% (-0.62%) 1.26% (-1.04%) 28.26%
$500.0M repayment 0.01% (-0.88%) 0.22% (-2.08%) 4.85%

Showing the immediate impact of withdrawal events for USDe on Aave V3 Ethereum.

Action Supply APR
Supply APR after the withdrawal (change from current)
Borrow APR
Borrow APR after the withdrawal (change from current)
Utilization
Utilization after the withdrawal
Model
Interest rate curve showing the optimal utilization kink (90%) and the utilization after withdrawal (circle)
current 0.89% 2.30% 51.68%
$50.0M withdrawal 0.98% (+0.09%) 2.41% (+0.11%) 54.22%
$100.0M withdrawal 1.08% (+0.19%) 2.53% (+0.24%) 57.02%
$250.0M withdrawal 1.52% (+0.63%) 3.00% (+0.70%) 67.48%
$500.0M withdrawal 9.22% (+8.33%) 12.65% (+10.35%) 97.21%