Aave V3 · Ethereum

USDS (Prime Instance)

Overview

The Aave V3 USDS pool on Ethereum is a single-asset lending position where suppliers earn variable interest on stablecoin deposits. The protocol generates yield by routing borrowing demand against pooled USDS liquidity and distributing the resulting interest spread to lenders. Total APY stands at 1.60%, with no additional reward component. Over the past week, this rate has increased by 1.17% and over the last month it has risen by 1.82%. This current rate is slightly above the 30-day mean of 1.59%. TVL in the pool stands at $148K with no reported change over the past week. The primary exposure for this single-asset stablecoin pool is depeg risk on the underlying USDS token. Given its relatively small size, liquidity depth remains limited compared to larger pools within the Aave V3 ecosystem.

Composed 2026-05-20 from the structured data above. See methodology for the full pipeline.

Risk profile

• Smart contract risk

  Funds are deposited into a smart contract. A bug or exploit in the contract could lead to total loss. Audits reduce, but do not eliminate, this risk. Check the protocol page for audit history.

• Depeg risk

  The pool is built on stablecoins. A depeg of any underlying asset would impact returns and principal.

• Yield variability

  Current APY is 0.69%; 30-day mean is 0.91%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 91% confidence based on historical patterns.

These notes are derived from the pool's structured data, not editorial advice. See our methodology.