Eli5DeFi(@Eli5defi):While many are focused on 2049, @trondao just moved its USDT position from Aave to @sparkfinance. As a result, USDT borrowing on Aave V3 (Ethereum) hit double digits on October 7, with utilisation around 96%. Most liquidity was already lent out, leaving little room for withdrawals. At last check, Ethereum USDT borrow APY was 4.86% on Aave vs. 4.05% on SparkLend, meaning Spark still offers cheaper credit. More details: https://t.co/ozBL5wOn4g Pretty interesting move.

Eli5DeFi

@Eli5defi

Visual Information Layer of Technology | Janitor @paboxoxyz | All Posts NFA + DYOR

Joined January 2022

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Eli5DeFi@Eli5defi

2026.10.08 08:11

While many are focused on 2049, @trondao just moved its USDT position from Aave to @sparkfinance. As a result, USDT borrowing on Aave V3 (Ethereum) hit double digits on October 7, with utilisation around 96%. Most liquidity was already lent out, leaving little room for withdrawals. At last check, Ethereum USDT borrow APY was 4.86% on Aave vs. 4.05% on SparkLend, meaning Spark still offers cheaper credit. More details: Pretty interesting move.