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Sharpe FinanceDID YOU KNOWnext in 7s
There are more EVM L2s now than there are countries in the eurozone.
Morpho Blue · Aave V3 · 11 chains · scoring refreshed every 5 min
There are more EVM L2s now than there are countries in the eurozone.
STG supply on Aave V3 (Ethereum). Read-only on Sharpe — deposits, withdrawals, and borrows execute on app.aave.com. We surface parameters, rates, and risk so you can compare this reserve against Morpho vaults on the same asset cohort.
Plain-English summary of this vault — what it does, who runs it, where the yield comes from, and what could break it. Generated from the same deterministic inputs shown elsewhere on this page; the numbers are the source, this is just the explanation.
Depositing STG means lending it to borrowers on Ethereum; you earn 0.01% annually on your deposit, which comes from the 0.33% borrowers pay, minus Aave's 20% cut. STG is borrow-only—it cannot be used as collateral in loans, only withdrawn as liquidity permits. Your deposit is redeemable at the $76.82 available liquidity; total supplied is only $78.48. STG has no known issuer in Aave's registry.
The reserve is frozen by Aave governance, a hard halt on new supply and borrow transactions. This signals governance has moved to phase-out mode for this asset.
Supply APY of 0.01% reflects the low borrow demand (2.1% utilization) and the 20% reserve factor cut. At this utilization level, the rate is stable but economically dead—near-zero borrow interest means near-zero lender return.
Reserve frozen by governance is the active risk flag. Frozen status blocks all new deposits and borrows, effectively ending participation in this reserve. No depeg signal; the Sharpe risk score of 50/100 is moderate but immaterial while frozen.
Avoid—the reserve is frozen and economically inactive. No reason to allocate here.
On Aave V3, a supplier can withdraw up to the reserve's available liquidity instantly. Above that, the withdrawal must wait for borrowers to repay or new suppliers to deposit. Markets at 95%+ utilization can keep large redemptions waiting for hours to days at current rates.
Reserve parameters are set by Aave governance (BGD Labs + Aave Chan Initiative + Risk Council). Listings, caps, IRM curves, and LLTVs change through on-chain votes.
This reserve isn't usable as collateral, so LTV / Liquidation LLTV / liquidation bonus don't apply. Borrowers can take it against other collateral; suppliers earn the variable rate driven by borrow demand.
On Aave V3, supply APY = borrow APY × utilization × (1 − reserve factor). There is no curator skim; the only intermediation cost is the reserve factor, which funds the Aave treasury. No emissions slice in v1 of this integration — the headline is fully sustainable.
Aave V3 reserves carry parameter risk (LTV/LLTV adequacy vs collateral volatility), liquidity risk (high utilization slows exit), and depeg risk on the underlying. Governance can pause / freeze / adjust caps in response to incidents. Sharpe's full risk decomposition for Aave reserves rolls in v1.1.
How the composite risk score breaks down. Every number traces to an explicit input — /methodology documents each factor's formula.
Per-collateral decomposition: Sharpe-style realized σ from 30 daily log returns, blended 50/50 with the asset-taxonomy tier fallback. Phase 2 will replace the tier slot with liquidity depth, mechanism classification, and holder concentration. Methodology in /methodology.
The honest version. Every structural failure mode this vault is exposed to, ranked by severity. If you want to know whether to invest, start here.
New supply and borrow are disabled; withdrawal and repay remain open. Typically applied during a deprecation glide path or when governance is unwinding exposure.
Aave V3 prices and liquidations route through Chainlink's aggregator feed for this asset. A stale, manipulated, or wrong-side update is the protocol's largest single-point-of-failure for this reserve. Chainlink has a strong track record but the failure mode is binary.