Stablecoin Interest Rate
A few observations for USDT and USDC deposit APY
- both stablecoin APY is highly correlated to each other
- USDT APY yield is generally higher than USDC
- yield of both USDT and USDC deposit has both decreased over time
- for the 2 months following crypto crash in May, both stablecoin generate very low yield, likely due to fear in the market resulting in lower borrowing and yield return
- APY for both stablecoin appears to be picking up in Aug
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Top 2 stablecoin by borrow volume would be USDC and USD
What has the interest rate for the current top 2 stablecoins by volume on Aave been over the past 6 months?