---
title: Interest Rate Transmission in Decentralized Finance: Evidence from Aave Lending Protocol
url: https://www.ml-quant.com/papers/repec/abo-neswpt-sp0003/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-10-09
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: RePEc:abo:neswpt:sp0003
source_url: https://econpapers.repec.org/RePEc:abo:neswpt:sp0003
featured: 2026-10-09
citations: unknown
topic: Crypto & DeFi
---


# Interest Rate Transmission in Decentralized Finance: Evidence from Aave Lending Protocol

The study finds that US risk-free rates predict stablecoin lending rates in decentralized finance, though transmission operates mainly through crypto-native factors like utilization.

- Source: https://econpapers.repec.org/RePEc:abo:neswpt:sp0003
- Identifier: RePEc:abo:neswpt:sp0003
- Released: 2026-10-05
- First featured: Quant Letter No. 134 (2026-10-09): https://www.ml-quant.com/issues/2026-10-09/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Crypto & DeFi
- Authors: Grigoriy Korolev

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