Utilization rate (lending protocols)
Aave v3's assessment for RD-F-066 — scored red on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
WETH and USDT markets hit 100% utilization April 18–20, 2026 during the rsETH/Kelp event. USDC remained at 99.87% utilization for 4+ consecutive days post-event (as of April 23, 2026 reporting). Blended utilization at assessment date is 88.49% (data cache, 2026-04-27), indicating partial recovery but individual markets likely still above 95% threshold. Withdrawal freeze materialized for affected markets. An ARFC for USDC rate parameter changes was posted April 23, 2026; execution status not confirmed.
Sources #
- GovernanceARFC USDC Rate Parameter ImprovementARFC: Improve Liquidity Buffer for USDC on Aave v3 Ethereum Coreretrieved 2026-04-27
- DefiLlama Aave v3 borrow dataData cache utilization_rate_pct=88.49, total_borrowed=12444954259, total_supplied=14063906186retrieved 2026-04-27
- Aave's Core Markets Hit 100% Utilization At OnceCoinDesk: Aave core markets hit 100% utilizationretrieved 2026-04-27
- Circle Pushes Aave to Adjust USDC Rates After Utilization Hits 100%CryptoTimes: Circle pushes Aave to adjust USDC rates after 99.87% utilization for 4 daysretrieved 2026-04-27
Methodology #
Read the borrowed/supplied ratio per market; flag markets above 95% utilization as at-risk for withdrawal freeze.
See the full factor methodology and distribution across all protocols →