Borrow Ethena USDe (USDE): cheapest DeFi loan rates
9 lending markets for USDE with live borrow APY, the matching supply APY, market size and loan-to-value. Sorted by total borrowed so deep, well-tested markets come first.
4.02%
Cheapest borrow APY on this page
9
Markets
$765.6M
Borrowed, this page
| Asset | Protocol | Chain | Borrow APY | Supply APY | Supplied | Borrowed ▾ | LTV | |
|---|---|---|---|---|---|---|---|---|
| USDEUSDEmints USDC | Morpho Blue | Base | 4.02% | 4.75% | $362.8M | $324.6M | 92% | Borrow ↗ |
| USDEUSDEmints USDG | Morpho Blue | Robinhood Chain | 4.05% | 4.75% | $324.9M | $289.3M | 92% | Borrow ↗ |
| USDEUSDE | Aave V3 | Ethereum | 6.34% | 4.75% | $670.5M | $93.3M | — | Borrow ↗ |
| USDEUSDE | Aave V3 | Plasma | 6.33% | 4.75% | $449.7M | $53.1M | — | Borrow ↗ |
| USDEUSDE | Aave V3 | Monad | 6.32% | 5.75% | $74.3M | $4.9M | — | Borrow ↗ |
| USDEUSDE | HyperLend Pooled | Hyperliquid | 12.26% | 7.99% | $283K | $231K | — | Borrow ↗ |
| USDEUSDEmints DAI | Morpho Blue | Ethereum | 5.91% | 0.00% | $138K | $116K | 86% | Borrow ↗ |
| USDEUSDE | Aave V3 | Mantle | 6.30% | 4.75% | $13.3M | $45K | — | Borrow ↗ |
| USDEUSDEmints DAI | Morpho Blue | Ethereum | 15.56% | 0.00% | $365K | $31K | 92% | Borrow ↗ |
Want to earn instead? See USDE interest rates for the supply side of these markets plus staking and liquidity pools.
Questions people ask
What is the cheapest rate to borrow USDE?
On this page the lowest borrow APY for USDE is 4.02% at Morpho Blue on Base, with $362.8M supplied to the market.
Where can I lend USDE instead?
Supply-side rates for the same markets are on the USDE interest rates page, together with staking and liquidity pool yields.