Ethereum lending ratesWhere every number comes from

The data, rate or quote types and calculation behind each figure on the Ethereum lending rates page. Rates observed Sep 25, 3:56 PM ET; this page updates with it. For a frozen copy, use the snapshot.

MethodologyHow DeFi Rate prices, averages and labels figures

Datasets (CSV)Borrow against ETH in DeFi
Earn on ETH in DeFi
Every figure and contract

Figures15 records below, each with its own link (#id)

Curve crvUSD (Ethereum): borrow crvUSD against WETH

3.63%

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 3.6% a year” (DefiLlama via DeFi Rate).

Rate basisVariable yearly rate for the stablecoin you borrow (a vault’s stability fee for Sky); it changes with demand.

Not includedNetwork (gas) fees; liquidation penalties.

“Large market”At least $200M of ETH deposited. 7 of 14 markets qualify; headline ranges use only these.

Rates and terms (1)

Curve crvUSD3.63%

Curve crvUSD (Ethereum)Side BorrowRate basis variable APRCollateral → borrow WETH → crvUSDChain EthereumMax LTV 83%Deposited $6.0MRate from DefiLlama; net of borrow rewards.Provider’s rate page ↗

Morpho (Ethereum): borrow USDT against WETH

3.76%

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 3.8% a year” (DefiLlama via DeFi Rate).

Rate basisVariable yearly rate for the stablecoin you borrow (a vault’s stability fee for Sky); it changes with demand.

Not includedNetwork (gas) fees; liquidation penalties.

“Large market”At least $200M of ETH deposited. 7 of 14 markets qualify; headline ranges use only these.

Rates and terms (1)

Morpho3.76%

Morpho (Ethereum)Side BorrowRate basis variable APRCollateral → borrow WETH → USDTChain EthereumMax LTV 86%Deposited $603KRate from DefiLlama; net of borrow rewards.Provider’s rate page ↗

Aave v3 (Arbitrum): borrow USDC against WETH

3.80%

The current variable rate to borrow USDC on Aave v3 (Arbitrum) with WETH 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 USDC against WETH on Aave v3 costs about 3.8% a year” (DefiLlama via DeFi Rate).

Rate basisVariable yearly rate for the stablecoin you borrow (a vault’s stability fee for Sky); it changes with demand.

Not includedNetwork (gas) fees; liquidation penalties.

“Large market”At least $200M of ETH deposited. 7 of 14 markets qualify; headline ranges use only these.

Rates and terms (1)

Aave v33.80%

Aave v3 (Arbitrum)Side BorrowRate basis variable APRCollateral → borrow WETH → USDCChain ArbitrumMax LTV 80%Deposited $261.9MRate from DefiLlama; net of borrow rewards.Provider’s rate page ↗

Spark (Ethereum): borrow USDS against WETH

4.13%

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 4.1% a year” (DefiLlama via DeFi Rate).

Rate basisVariable yearly rate for the stablecoin you borrow (a vault’s stability fee for Sky); it changes with demand.

Not includedNetwork (gas) fees; liquidation penalties.

“Large market”At least $200M of ETH deposited. 7 of 14 markets qualify; headline ranges use only these.

Rates and terms (1)

Spark4.13%

Spark (Ethereum)Side BorrowRate basis variable APRCollateral → borrow WETH → USDSChain EthereumMax LTV 85%Deposited $1.6BRate from DefiLlama; net of borrow rewards.Provider’s rate page ↗

Compound v3 (Ethereum): borrow USDC against WETH

4.30%

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 4.3% a year” (DefiLlama via DeFi Rate).

Rate basisVariable yearly rate for the stablecoin you borrow (a vault’s stability fee for Sky); it changes with demand.

Not includedNetwork (gas) fees; liquidation penalties.

“Large market”At least $200M of ETH deposited. 7 of 14 markets qualify; headline ranges use only these.

Rates and terms (1)

Compound v34.30%

Compound v3 (Ethereum)Side BorrowRate basis variable APRCollateral → borrow WETH → USDCChain EthereumMax LTV 82%Deposited $154.8MRate from DefiLlama; net of borrow rewards.Provider’s rate page ↗

Aave v3 (Ethereum): borrow USDC against WETH

4.37%

The current variable rate to borrow USDC on Aave v3 (Ethereum) with WETH 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 USDC against WETH on Aave v3 costs about 4.4% a year” (DefiLlama via DeFi Rate).

Rate basisVariable yearly rate for the stablecoin you borrow (a vault’s stability fee for Sky); it changes with demand.

Not includedNetwork (gas) fees; liquidation penalties.

“Large market”At least $200M of ETH deposited. 7 of 14 markets qualify; headline ranges use only these.

Rates and terms (1)

Aave v34.37%

Aave v3 (Ethereum)Side BorrowRate basis variable APRCollateral → borrow WETH → USDCChain EthereumMax LTV 80%Deposited $5.6BRate from DefiLlama; net of borrow rewards.Provider’s rate page ↗

Morpho (Base): borrow USDC against WETH

4.80%

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 4.8% a year” (DefiLlama via DeFi Rate).

Rate basisVariable yearly rate for the stablecoin you borrow (a vault’s stability fee for Sky); it changes with demand.

Not includedNetwork (gas) fees; liquidation penalties.

“Large market”At least $200M of ETH deposited. 7 of 14 markets qualify; headline ranges use only these.

Rates and terms (1)

Morpho4.80%

Morpho (Base)Side BorrowRate basis variable APRCollateral → borrow WETH → USDCChain BaseMax LTV 86%Deposited $211.2MRate from DefiLlama; net of borrow rewards.Provider’s rate page ↗

Venus (BSC): borrow USDT against ETH

4.82%

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 4.8% a year” (DefiLlama via DeFi Rate).

Rate basisVariable yearly rate for the stablecoin you borrow (a vault’s stability fee for Sky); it changes with demand.

Not includedNetwork (gas) fees; liquidation penalties.

“Large market”At least $200M of ETH deposited. 7 of 14 markets qualify; headline ranges use only these.

Rates and terms (1)

Venus4.82%

Venus (BSC)Side BorrowRate basis variable APRCollateral → borrow ETH → USDTChain BSCMax LTV 80%Deposited $48.9MRate from DefiLlama; net of borrow rewards.Provider’s rate page ↗

Aave v3 (Base): borrow USDC against WETH

5.04%

The current variable rate to borrow USDC on Aave v3 (Base) with WETH 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 USDC against WETH on Aave v3 costs about 5.0% a year” (DefiLlama via DeFi Rate).

Rate basisVariable yearly rate for the stablecoin you borrow (a vault’s stability fee for Sky); it changes with demand.

Not includedNetwork (gas) fees; liquidation penalties.

“Large market”At least $200M of ETH deposited. 7 of 14 markets qualify; headline ranges use only these.

Rates and terms (1)

Aave v35.04%

Aave v3 (Base)Side BorrowRate basis variable APRCollateral → borrow WETH → USDCChain BaseMax LTV 80%Deposited $226.7MRate from DefiLlama; net of borrow rewards.Provider’s rate page ↗

Morpho (Ethereum): borrow USDC against WETH

5.12%

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 5.1% a year” (DefiLlama via DeFi Rate).

Rate basisVariable yearly rate for the stablecoin you borrow (a vault’s stability fee for Sky); it changes with demand.

Not includedNetwork (gas) fees; liquidation penalties.

“Large market”At least $200M of ETH deposited. 7 of 14 markets qualify; headline ranges use only these.

Rates and terms (1)

Morpho5.12%

Morpho (Ethereum)Side BorrowRate basis variable APRCollateral → borrow WETH → USDCChain EthereumMax LTV 86%Deposited $16.5MRate from DefiLlama; net of borrow rewards.Provider’s rate page ↗

Fluid (Ethereum): borrow USDC against ETH

5.86%

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 5.9% a year” (DefiLlama via DeFi Rate).

Rate basisVariable yearly rate for the stablecoin you borrow (a vault’s stability fee for Sky); it changes with demand.

Not includedNetwork (gas) fees; liquidation penalties.

“Large market”At least $200M of ETH deposited. 7 of 14 markets qualify; headline ranges use only these.

Rates and terms (1)

Fluid5.86%

Fluid (Ethereum)Side BorrowRate basis variable APRCollateral → borrow ETH → USDCChain EthereumMax LTV 87%Deposited $66.7MRate from DefiLlama; net of borrow rewards.Provider’s rate page ↗

Fluid (Ethereum): borrow USDT against ETH

5.99%

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 6.0% a year” (DefiLlama via DeFi Rate).

Rate basisVariable yearly rate for the stablecoin you borrow (a vault’s stability fee for Sky); it changes with demand.

Not includedNetwork (gas) fees; liquidation penalties.

“Large market”At least $200M of ETH deposited. 7 of 14 markets qualify; headline ranges use only these.

Rates and terms (1)

Fluid5.99%

Fluid (Ethereum)Side BorrowRate basis variable APRCollateral → borrow ETH → USDTChain EthereumMax LTV 87%Deposited $67.6MRate from DefiLlama; net of borrow rewards.Provider’s rate page ↗

Sky (Ethereum): borrow DAI against WETH

9.25%

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 9.2% a year” (DefiLlama via DeFi Rate).

Rate basisVariable yearly rate for the stablecoin you borrow (a vault’s stability fee for Sky); it changes with demand.

Not includedNetwork (gas) fees; liquidation penalties.

“Large market”At least $200M of ETH deposited. 7 of 14 markets qualify; headline ranges use only these.

Rates and terms (1)

Sky9.25%

Sky (Ethereum)Side BorrowRate basis variable APRCollateral → borrow WETH → DAIChain EthereumMax LTV 59%Deposited $827.6MRate from DefiLlama; net of borrow rewards.Provider’s rate page ↗

Sky (Ethereum): borrow DAI against WETH

9.50%

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 9.5% a year” (DefiLlama via DeFi Rate).

Rate basisVariable yearly rate for the stablecoin you borrow (a vault’s stability fee for Sky); it changes with demand.

Not includedNetwork (gas) fees; liquidation penalties.

“Large market”At least $200M of ETH deposited. 7 of 14 markets qualify; headline ranges use only these.

Rates and terms (1)

Sky9.50%

Sky (Ethereum)Side BorrowRate basis variable APRCollateral → borrow WETH → DAIChain EthereumMax LTV 69%Deposited $723.6MRate from DefiLlama; net of borrow rewards.Provider’s rate page ↗

Earning on ETH in DeFi

1.44%

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 basisVariable yearly supply rate (APY), before network fees.

Rates and terms (6)

Euler2.67%

Euler (Monad)Side Lend / earnRate basis variable APYCollateral → borrow WETHChain MonadDeposited $43.4MRate from DefiLlama; net of borrow rewards.Provider’s rate page ↗

Aave v31.49%

Aave v3 (Ethereum)Side Lend / earnRate basis variable APYCollateral → borrow WETHChain EthereumDeposited $50.3MRate from DefiLlama; net of borrow rewards.Provider’s rate page ↗

Spark1.48%

Spark (Ethereum)Side Lend / earnRate basis variable APYCollateral → borrow WETHChain EthereumDeposited $1.6BRate from DefiLlama; net of borrow rewards.Provider’s rate page ↗

Aave v31.44%

Aave v3 (Ethereum)Side Lend / earnRate basis variable APYCollateral → borrow WETHChain EthereumDeposited $5.6BRate from DefiLlama; net of borrow rewards.Provider’s rate page ↗

Aave v31.42%

Aave v3 (Base)Side Lend / earnRate basis variable APYCollateral → borrow WETHChain BaseDeposited $226.7MRate from DefiLlama; net of borrow rewards.Provider’s rate page ↗

Compound v31.33%

Compound v3 (Ethereum)Side Lend / earnRate basis variable APYCollateral → borrow ETHChain EthereumDeposited $135.3MRate from DefiLlama; net of borrow rewards.Provider’s rate page ↗