Oct 3, 2023 We’ve seen big movement in a number of Aave vaults recently, most notably in the USDT markets. We are currently seeing interest rate spikes on USDT markets: - Aave v3 USDT (Polygon) currently yields 18.7% - Aave v3 USDT (Optimism) currently yields 17.1% We have also seen sustained increases in USDT rates on Aave’s largest markets: - Aave v2 USDT (mainnet) 7d avg APY is 5.8% (up from ~3% last week) - Aave v3 USDT (mainnet) 7d avg APY is 4.2% (up from ~2.5% last week) Below are notable TVL moves we observed: - Spark WETH lending grew +15% week over week, surpassing >$50M (32k WETH) - Aave v3 DAI (mainnet) grew +25% in TVL week over week, from $53M to $66M. The 7D average APY is 3.7%. - Compound v3 USDC (Arbitrum) grew >2x to $8M TVL, as lenders migrated from the USDC.e market. The 7D average APY for Compound v3 USDC (Arbitrum) is 5.6%.