USDS Reaches 100 Million Supply Milestone on Aave v3
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.
