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Live and historical Aave rates
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USDe
USDe token icon USDe
USDe
Market
Protocol
aave icon Aave
Supply APR
Current interest rate being earned by depositors
5.64%
Market is eligible for incentives via Merkl (merkl.xyz).
Action: Lend sUSDe and USDe on Aave (looping required)
Protocol APR: 1.39%
Reward APR: 4.25% aEthUSDe
Total APR: 5.64%
Borrow APR
Current interest rate being paid by borrowers
3.44%
Supplied ($)
Total value currently deposited in USD terms
$812.7M
Borrowed ($)
Total value currently borrowed in USD terms
$436.9M
Oracle price
Asset price from market oracle
$1
Supplied
812.6M USDe
Borrowed
436.9M USDe
Get 4+ years of historical data on Aavescan Pro
Line chart showing historical data for USDe on Ethereum V3 Line chart showing historical data for USDe on Ethereum V3
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Borrow APR chevron down
Line chart showing Borrow APR for USDe on Ethereum V3 Line chart showing Borrow APR for USDe on Ethereum V3
Supply APR chevron down
Line chart showing Supply APR for USDe on Ethereum V3 Line chart showing Supply APR for USDe on Ethereum V3
Supplied ($) 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 1.35%1.54%1.76%3.42%3.37%
Average Borrow APR 3.34%3.61%3.91%6.00%6.27%

Daily snapshots

Showing daily snapshots (midnight UTC) for USDe on Aave V3 Ethereum.

date
supplied
supply APR
borrowed
borrow APR
Dec 15, 2025 812.3M 1.39% 436.8M 3.44%
Dec 14, 2025 812.2M 1.38% 436.6M 3.43%
Dec 13, 2025 774.6M 1.51% 435.4M 3.59%
Dec 12, 2025 780.0M 1.54% 442.9M 3.63%
Dec 11, 2025 771.5M 1.60% 446.0M 3.69%
Dec 10, 2025 765.2M 1.66% 450.5M 3.76%
Dec 09, 2025 760.4M 1.62% 441.8M 3.71%
Download 90 days CSV PRO Download Entire History CSV Get 4+ years historical data on Aavescan Pro

Monthly snapshots

Showing monthly snapshots with average APRs over the preceding 30 days for USDe on Aave V3 Ethereum.

date
supplied
supply APR 30d
borrowed
borrow APR 30d
Dec 01, 2025 871.7M 2.28% 405.7M 4.54%
Nov 01, 2025 881.6M 3.08% 635.7M 5.49%
Oct 01, 2025 1.22B 4.38% 862.2M 7.05%
Sep 01, 2025 1.51B 4.48% 1.18B 7.44%
Aug 01, 2025 991.2M 4.00% 772.9M 6.87%
Jul 01, 2025 490.1M 3.15% 388.4M 5.67%
Jun 01, 2025 647.5M 0.98% 501.2M 2.87%
May 01, 2025 422.6M 0.34% 95.9M 1.52%
Apr 01, 2025 89.5M 3.33% 39.6M 6.59%
Mar 01, 2025 36.7M 5.03% 24.5M 9.56%
Feb 01, 2025 30.6M 5.34% 19.0M 10.27%
Get 4+ years historical data on Aavescan Pro

Liquidity impact

Using the interest rate model to simulate the market rates in the event of a deposit, borrow, repayment or withdrawal.

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
Utilization after deposit (circle) and optimal utilization (solid line, 90%), above which rates rise sharply
current 1.39% 3.44% 53.77%
$50.0M deposit 1.23% (-0.16%) 3.24% (-0.20%) 50.65%
$100.0M deposit 1.10% (-0.29%) 3.06% (-0.38%) 47.88%
$250.0M deposit 0.81% (-0.58%) 2.63% (-0.81%) 41.12%
$500.0M deposit 0.53% (-0.85%) 2.13% (-1.31%) 33.29%

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
Utilization after borrow (circle) and optimal utilization (solid line, 90%), above which rates rise sharply
current 1.39% 3.44% 53.77%
$25.0M borrow 1.55% (+0.16%) 3.63% (+0.20%) 56.84%
$50.0M borrow 1.72% (+0.34%) 3.83% (+0.39%) 59.92%
$100.0M borrow 2.09% (+0.71%) 4.22% (+0.79%) 66.07%
$250.0M borrow 3.42% (+2.04%) 5.40% (+1.97%) 84.53%

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
Utilization after repayment (circle) and optimal utilization (solid line, 90%), above which rates rise sharply
current 1.39% 3.44% 53.77%
$25.0M repayment 1.23% (-0.15%) 3.24% (-0.20%) 50.69%
$50.0M repayment 1.09% (-0.30%) 3.04% (-0.39%) 47.61%
$100.0M repayment 0.82% (-0.56%) 2.65% (-0.79%) 41.46%
$250.0M repayment 0.25% (-1.13%) 1.47% (-1.97%) 23.00%

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
Utilization after withdrawal (circle) and optimal utilization (solid line, 90%), above which rates rise sharply
current 1.39% 3.44% 53.77%
$25.0M withdrawal 1.47% (+0.09%) 3.54% (+0.11%) 55.47%
$50.0M withdrawal 1.57% (+0.19%) 3.66% (+0.23%) 57.29%
$100.0M withdrawal 1.80% (+0.42%) 3.92% (+0.48%) 61.31%
$250.0M withdrawal 2.89% (+1.50%) 4.96% (+1.53%) 77.66%