Now that the Incentive Campaign has been live since July 23, let’s take a closer look at how $USDC borrowing costs changed. Quick reminder: → Native Borrow Rate = Borrow APY → Net Borrow Rate = Borrow APY - Incentives APR As shown on the chart, both rates moved closely together before the campaign launched. After July 23, the native borrow rate started rising, while the net borrow rate dropped below pre-campaign levels. ► The result? Despite higher native rates, users are now paying less to borrow $USDC thanks to the Base Incentive Campaign.

Aave just reached $60B in net deposits. The work of all @aave DAO delegates keeps paying off. We’re getting closer and closer to $100B. Huge shout out to @aavechan on the 60B figure, it has been a big lift by the ACI team.

Something big is coming for @gho soon. We can’t say too much just yet, but it’s the kind of integration we love. Oh, and if you just can’t wait… the intern says there’s a clue well hidden in the image 👀 If you know, you know.

$200M of $USDC now deposited on Aave Base! The Base Incentive Campaign was launched on July 23, and since then, USDC deposits on @base have grown by 22.7%. This campaign was led by TokenLogic and @aavechan, with a clear objective: grow the Aave Base Market. It seems the collaboration is working — the recent growth speaks for itself.

70,000 $AAVE Bought Back! Since launching the buyback program on April 9th, Aave DAO has accumulated 70,000 $AAVE, spending $15.7M at an average price of $223.33. At today’s price of $261, these purchases are now worth $18.3M, a profit of $2.6M. And now? Buybacks are still ongoing, with around $1M being deployed each week.

.@aave's ETH holdings are now live on Strategic ETH Reserve 🦾 Very cool @fabdarice

1/ $USDC & $WETH deposits and borrowings have hit all-time highs on Aave Base. For $USDC: → Deposits reached $185M → Borrowings reached $161.48M For $WETH: → Deposits reached 96,500 WETH → Borrowings reached 86,730 WETH The recent incentive campaign brought in fresh capital and activity ↓

The most attractive place to earn yield on $USDC on Aave right now is @base. Currently averaging 5.63%, that’s: ▪️ +1.2% higher than on Optimism ▪️ +1.4% higher than on Ethereum ▪️ +1.5% higher than on Arbitrum And this doesn’t include the +1% additional APY available through Merit Program. More than $186M of $USDC is already deployed there. If you've got idle $USDC, it's time to make it work on Base.

$50B total market size on Aave Core, exactly 10 years after Ethereum launched. Reaching that on a single instance is just incredible. No lending protocol had ever done it. Until today.

New incentives are live on Avalanche 🔺 Supply $GHO and earn 13.08% APY, currently the highest yield for stablecoin lending on @avax. This includes a fixed 10% APR paid in $asAVAX, available until total deposits reach $50M — after that, the yield starts to dilute. $asAVAX rewards are claimable on the ACI website. Start earning here: