USDS Reaches 100 Million Supply Milestone on Aave v3

🚀 USDS hits 9 figures

By SparkLend
Oct 21, 2024, 3:32 PM
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Two weeks post-launch, USDS deposits on Aave v3 have hit 100 million.​ This milestone means:

  • 100 million USDS now earning both USDS and SPK rewards
  • Borrow cap not yet reached
  • Users can borrow USDS at scale on Aave v3

Recent developments:

  • Supply cap increased to 100 million on Aave's Ethereum market
  • 50 million USDS deployed as direct liquidity from Sky to Aave's Lido market
  • 25 million USDS deployed via USDS Direct Deposit Module

These moves aim to boost borrowing capacity and offer competitive rates for large-scale borrowing on Aave.​

For more information on USDS supply and rewards, visit Aave v3.​

Sources
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