Lend sUSDe and USDe on Aave (looping required)

#0x425f

This campaign is part of Ethena’s Liquid Leverage program, with Merkl acting as the distribution partner in collaboration with the ACI. The campaign considers the lowest amount of tokens lent across the sUSDe and USDe markets. It will run indefinitely, with the stated rate expected to remain roughly in line with the sUSDe rate for the foreseeable future. To be eligible, users must also borrow USDC or USDT and maintain a health factor below 2.5.
Campaign APR

3.5%

TVL

$1.44M

Budget Remaining

67%

Participants

3.82%
Protocol APR0.32%
Merkl APR3.5%
Daily Rewards

$137.72

up to $199.74
TVL

$1.44M

What you need
What you earn
Missing assets?
1 active
0 upcoming
6 past
OverviewDistributionAdvancedLeaderboard
Campaign Information
Dates
19 Jun 202626 Jun 2026
Reward chain
Distribution strategyCapped Reward Rate
APR cap

3.5%

Maximum daily rewards

$199.74

Total reward amount
Campaign ID0x425f…9998
Database ID354710…0418
Rules