Home / Ethereum lending rates / Sources Ethereum lending rates Where every number comes fromThe data, rate or quote types and calculation behind each figure on the Ethereum lending rates page . Rates observed Nov 11, 3:40 AM ET; this page updates with it. For a copy of these figures to cite, use the snapshot (kept until the next update; older snapshots aren’t stored yet).
Figures 15 records below, each with its own link (#id)
Morpho (Ethereum): borrow USDT against WETH 3.65%
The current variable rate to borrow USDT on Morpho (Ethereum) with WETH as collateral, up to 86% of the collateral’s value.
The borrow rate in this market from DefiLlama, net of any borrow rewards, observed at the time shown.
Rate type: Variable borrow rate. Cited as: “Borrowing USDT against WETH on Morpho costs about 3.7% a year” (DefiLlama via DeFi Rate).
Rate basis Variable yearly rate for the stablecoin you borrow (a vault’s stability fee for Sky); it changes with demand.
Not included Network (gas) fees; liquidation penalties.
“Large market” At least $200M of ETH deposited. 6 of 14 markets qualify; headline ranges use only these.
Rates and terms (1) Morpho (Ethereum) Side Borrow Rate basis variable APR Collateral → borrow WETH → USDT Chain Ethereum Max LTV 86% Deposited $481K Rate from DefiLlama; net of borrow rewards.
Aave v3 (Arbitrum): borrow USDC against WETH 3.90%
The current variable rate to borrow USDC on Aave v3 (Arbitrum) with WETH as collateral, up to 81% of the collateral’s value.
The borrow rate in this market from DefiLlama, net of any borrow rewards, observed at the time shown.
Rate type: Variable borrow rate. Cited as: “Borrowing USDC against WETH on Aave v3 costs about 3.9% a year” (DefiLlama via DeFi Rate).
Rate basis Variable yearly rate for the stablecoin you borrow (a vault’s stability fee for Sky); it changes with demand.
Not included Network (gas) fees; liquidation penalties.
“Large market” At least $200M of ETH deposited. 6 of 14 markets qualify; headline ranges use only these.
Rates and terms (1) Aave v3 (Arbitrum) Side Borrow Rate basis variable APR Collateral → borrow WETH → USDC Chain Arbitrum Max LTV 81% Deposited $203.9M Rate from DefiLlama; net of borrow rewards.
Compound v3 (Ethereum): borrow USDC against WETH 3.97%
The current variable rate to borrow USDC on Compound v3 (Ethereum) with WETH as collateral, up to 82% of the collateral’s value.
The borrow rate in this market from DefiLlama, net of any borrow rewards, observed at the time shown.
Rate type: Variable borrow rate. Cited as: “Borrowing USDC against WETH on Compound v3 costs about 4.0% a year” (DefiLlama via DeFi Rate).
Rate basis Variable yearly rate for the stablecoin you borrow (a vault’s stability fee for Sky); it changes with demand.
Not included Network (gas) fees; liquidation penalties.
“Large market” At least $200M of ETH deposited. 6 of 14 markets qualify; headline ranges use only these.
Rates and terms (1) Compound v3 (Ethereum) Side Borrow Rate basis variable APR Collateral → borrow WETH → USDC Chain Ethereum Max LTV 82% Deposited $123.3M Rate from DefiLlama; net of borrow rewards.
Aave v3 (Ethereum): borrow USDC against WETH 4.60%
The current variable rate to borrow USDC on Aave v3 (Ethereum) with WETH as collateral, up to 81% of the collateral’s value.
The borrow rate in this market from DefiLlama, net of any borrow rewards, observed at the time shown.
Rate type: Variable borrow rate. Cited as: “Borrowing USDC against WETH on Aave v3 costs about 4.6% a year” (DefiLlama via DeFi Rate).
Rate basis Variable yearly rate for the stablecoin you borrow (a vault’s stability fee for Sky); it changes with demand.
Not included Network (gas) fees; liquidation penalties.
“Large market” At least $200M of ETH deposited. 6 of 14 markets qualify; headline ranges use only these.
Rates and terms (1) Aave v3 (Ethereum) Side Borrow Rate basis variable APR Collateral → borrow WETH → USDC Chain Ethereum Max LTV 81% Deposited $4.4B Rate from DefiLlama; net of borrow rewards.
Spark (Ethereum): borrow USDS against WETH 4.88%
The current variable rate to borrow USDS on Spark (Ethereum) with WETH as collateral, up to 85% of the collateral’s value.
The borrow rate in this market from DefiLlama, net of any borrow rewards, observed at the time shown.
Rate type: Variable borrow rate. Cited as: “Borrowing USDS against WETH on Spark costs about 4.9% a year” (DefiLlama via DeFi Rate).
Rate basis Variable yearly rate for the stablecoin you borrow (a vault’s stability fee for Sky); it changes with demand.
Not included Network (gas) fees; liquidation penalties.
“Large market” At least $200M of ETH deposited. 6 of 14 markets qualify; headline ranges use only these.
Rates and terms (1) Spark (Ethereum) Side Borrow Rate basis variable APR Collateral → borrow WETH → USDS Chain Ethereum Max LTV 85% Deposited $1.2B Rate from DefiLlama; net of borrow rewards.
Aave v3 (Base): borrow USDC against WETH 5.11%
The current variable rate to borrow USDC on Aave v3 (Base) with WETH as collateral, up to 81% of the collateral’s value.
The borrow rate in this market from DefiLlama, net of any borrow rewards, observed at the time shown.
Rate type: Variable borrow rate. Cited as: “Borrowing USDC against WETH on Aave v3 costs about 5.1% a year” (DefiLlama via DeFi Rate).
Rate basis Variable yearly rate for the stablecoin you borrow (a vault’s stability fee for Sky); it changes with demand.
Not included Network (gas) fees; liquidation penalties.
“Large market” At least $200M of ETH deposited. 6 of 14 markets qualify; headline ranges use only these.
Rates and terms (1) Aave v3 (Base) Side Borrow Rate basis variable APR Collateral → borrow WETH → USDC Chain Base Max LTV 81% Deposited $208.7M Rate from DefiLlama; net of borrow rewards.
Morpho (Ethereum): borrow USDC against WETH 5.21%
The current variable rate to borrow USDC on Morpho (Ethereum) with WETH as collateral, up to 86% of the collateral’s value.
The borrow rate in this market from DefiLlama, net of any borrow rewards, observed at the time shown.
Rate type: Variable borrow rate. Cited as: “Borrowing USDC against WETH on Morpho costs about 5.2% a year” (DefiLlama via DeFi Rate).
Rate basis Variable yearly rate for the stablecoin you borrow (a vault’s stability fee for Sky); it changes with demand.
Not included Network (gas) fees; liquidation penalties.
“Large market” At least $200M of ETH deposited. 6 of 14 markets qualify; headline ranges use only these.
Rates and terms (1) Morpho (Ethereum) Side Borrow Rate basis variable APR Collateral → borrow WETH → USDC Chain Ethereum Max LTV 86% Deposited $15.6M Rate from DefiLlama; net of borrow rewards.
Morpho (Base): borrow USDC against WETH 5.38%
The current variable rate to borrow USDC on Morpho (Base) with WETH as collateral, up to 86% of the collateral’s value.
The borrow rate in this market from DefiLlama, net of any borrow rewards, observed at the time shown.
Rate type: Variable borrow rate. Cited as: “Borrowing USDC against WETH on Morpho costs about 5.4% a year” (DefiLlama via DeFi Rate).
Rate basis Variable yearly rate for the stablecoin you borrow (a vault’s stability fee for Sky); it changes with demand.
Not included Network (gas) fees; liquidation penalties.
“Large market” At least $200M of ETH deposited. 6 of 14 markets qualify; headline ranges use only these.
Rates and terms (1) Morpho (Base) Side Borrow Rate basis variable APR Collateral → borrow WETH → USDC Chain Base Max LTV 86% Deposited $169.7M Rate from DefiLlama; net of borrow rewards.
Venus (BSC): borrow USDT against ETH 5.57%
The current variable rate to borrow USDT on Venus (BSC) with ETH as collateral, up to 80% of the collateral’s value.
The borrow rate in this market from DefiLlama, net of any borrow rewards, observed at the time shown.
Rate type: Variable borrow rate. Cited as: “Borrowing USDT against ETH on Venus costs about 5.6% a year” (DefiLlama via DeFi Rate).
Rate basis Variable yearly rate for the stablecoin you borrow (a vault’s stability fee for Sky); it changes with demand.
Not included Network (gas) fees; liquidation penalties.
“Large market” At least $200M of ETH deposited. 6 of 14 markets qualify; headline ranges use only these.
Rates and terms (1) Venus (BSC) Side Borrow Rate basis variable APR Collateral → borrow ETH → USDT Chain BSC Max LTV 80% Deposited $48.0M Rate from DefiLlama; net of borrow rewards.
Fluid (Ethereum): borrow USDC against ETH 6.00%
The current variable rate to borrow USDC on Fluid (Ethereum) with ETH as collateral, up to 87% of the collateral’s value.
The borrow rate in this market from DefiLlama, net of any borrow rewards, observed at the time shown.
Rate type: Variable borrow rate. Cited as: “Borrowing USDC against ETH on Fluid costs about 6.0% a year” (DefiLlama via DeFi Rate).
Rate basis Variable yearly rate for the stablecoin you borrow (a vault’s stability fee for Sky); it changes with demand.
Not included Network (gas) fees; liquidation penalties.
“Large market” At least $200M of ETH deposited. 6 of 14 markets qualify; headline ranges use only these.
Rates and terms (1) Fluid (Ethereum) Side Borrow Rate basis variable APR Collateral → borrow ETH → USDC Chain Ethereum Max LTV 87% Deposited $38.8M Rate from DefiLlama; net of borrow rewards.
Curve crvUSD (Ethereum): borrow crvUSD against WETH 6.87%
The current variable rate to borrow crvUSD on Curve crvUSD (Ethereum) with WETH as collateral, up to 83% of the collateral’s value.
The borrow rate in this market from DefiLlama, net of any borrow rewards, observed at the time shown.
Rate type: Variable borrow rate. Cited as: “Borrowing crvUSD against WETH on Curve crvUSD costs about 6.9% a year” (DefiLlama via DeFi Rate).
Rate basis Variable yearly rate for the stablecoin you borrow (a vault’s stability fee for Sky); it changes with demand.
Not included Network (gas) fees; liquidation penalties.
“Large market” At least $200M of ETH deposited. 6 of 14 markets qualify; headline ranges use only these.
Rates and terms (1) Curve crvUSD (Ethereum) Side Borrow Rate basis variable APR Collateral → borrow WETH → crvUSD Chain Ethereum Max LTV 83% Deposited $5.4M Rate from DefiLlama; net of borrow rewards.
Sky (Ethereum): borrow DAI against WETH 10.25%
The current variable rate to borrow DAI on Sky (Ethereum) with WETH as collateral, up to 59% of the collateral’s value.
The borrow rate in this market from DefiLlama, net of any borrow rewards, observed at the time shown.
Rate type: Variable borrow rate. Cited as: “Borrowing DAI against WETH on Sky costs about 10.2% a year” (DefiLlama via DeFi Rate).
Rate basis Variable yearly rate for the stablecoin you borrow (a vault’s stability fee for Sky); it changes with demand.
Not included Network (gas) fees; liquidation penalties.
“Large market” At least $200M of ETH deposited. 6 of 14 markets qualify; headline ranges use only these.
Rates and terms (1) Sky ↗ Provider’s rate page 10.25% Sky (Ethereum) Side Borrow Rate basis variable APR Collateral → borrow WETH → DAI Chain Ethereum Max LTV 59% Deposited $604.9M Rate from DefiLlama; net of borrow rewards.
Sky (Ethereum): borrow DAI against WETH 10.50%
The current variable rate to borrow DAI on Sky (Ethereum) with WETH as collateral, up to 69% of the collateral’s value.
The borrow rate in this market from DefiLlama, net of any borrow rewards, observed at the time shown.
Rate type: Variable borrow rate. Cited as: “Borrowing DAI against WETH on Sky costs about 10.5% a year” (DefiLlama via DeFi Rate).
Rate basis Variable yearly rate for the stablecoin you borrow (a vault’s stability fee for Sky); it changes with demand.
Not included Network (gas) fees; liquidation penalties.
“Large market” At least $200M of ETH deposited. 6 of 14 markets qualify; headline ranges use only these.
Rates and terms (1) Sky ↗ Provider’s rate page 10.50% Sky (Ethereum) Side Borrow Rate basis variable APR Collateral → borrow WETH → DAI Chain Ethereum Max LTV 69% Deposited $548.9M Rate from DefiLlama; net of borrow rewards.
Fluid (Ethereum): borrow USDT against ETH 12.23%
The current variable rate to borrow USDT on Fluid (Ethereum) with ETH as collateral, up to 87% of the collateral’s value.
The borrow rate in this market from DefiLlama, net of any borrow rewards, observed at the time shown.
Rate type: Variable borrow rate. Cited as: “Borrowing USDT against ETH on Fluid costs about 12.2% a year” (DefiLlama via DeFi Rate).
Rate basis Variable yearly rate for the stablecoin you borrow (a vault’s stability fee for Sky); it changes with demand.
Not included Network (gas) fees; liquidation penalties.
“Large market” At least $200M of ETH deposited. 6 of 14 markets qualify; headline ranges use only these.
Rates and terms (1) Fluid (Ethereum) Side Borrow Rate basis variable APR Collateral → borrow ETH → USDT Chain Ethereum Max LTV 87% Deposited $51.2M Rate from DefiLlama; net of borrow rewards.
Earning on ETH in DeFi 1.43%
The supply rate in the largest DeFi pool lending out ETH, with the other large pools for comparison.
Supply rates from DefiLlama, observed at the time shown. Borrowers of ETH pay the interest lenders earn.
Rate type: Variable supply rate. Cited as: “Lending ETH on Aave v3 (Ethereum) pays about 1.4% a year” (DefiLlama via DeFi Rate).
Rate basis Variable yearly supply rate (APY), before network fees.
Rates and terms (6) Euler (Monad) Side Lend / earn Rate basis variable APY Collateral → borrow WETH Chain Monad Deposited $25.3M Rate from DefiLlama; net of borrow rewards. Spark (Ethereum) Side Lend / earn Rate basis variable APY Collateral → borrow WETH Chain Ethereum Deposited $1.2B Rate from DefiLlama; net of borrow rewards. Compound v3 (Ethereum) Side Lend / earn Rate basis variable APY Collateral → borrow ETH Chain Ethereum Deposited $104.6M Rate from DefiLlama; net of borrow rewards. Aave v3 (Ethereum) Side Lend / earn Rate basis variable APY Collateral → borrow WETH Chain Ethereum Deposited $38.7M Rate from DefiLlama; net of borrow rewards. Aave v3 (Ethereum) Side Lend / earn Rate basis variable APY Collateral → borrow WETH Chain Ethereum Deposited $4.4B Rate from DefiLlama; net of borrow rewards. Aave v3 (Base) Side Lend / earn Rate basis variable APY Collateral → borrow WETH Chain Base Deposited $208.7M Rate from DefiLlama; net of borrow rewards.