---
title: "Deposit USDC into SherpaEarn"
description: "Earn rewards by holding shUSD"
canonical: "https://app.merkl.xyz/opportunities/10373565933106005169"
chain: "Monad"
protocol: "Sherpa trade"
type: "ERC20LOGPROCESSOR"
page: 1
items: 25
totalPages: 1
updated: 2026-05-20T09:14:17.000Z
---

# Deposit USDC into SherpaEarn

## Back to

- [Opportunities index (HTML)](https://app.merkl.xyz/)
- [Monad chain (markdown)](https://app.merkl.xyz/chains/monad.md)
- [Sherpa trade protocol (markdown)](https://app.merkl.xyz/protocols/sherpatrade.md)

Earn rewards by holding shUSD

## Key metrics

- **Total Value Locked**: $565,172.89
- **APR**: 8.16%
- **Native APR**: —
- **Daily rewards**: $126.39
- **Live campaigns**: 1
- **Chain**: Monad
- **Protocol**: Sherpa trade

## Tokens

- [shUSD](https://app.merkl.xyz/tokens/shUSD.md)
- [USDC](https://app.merkl.xyz/tokens/USDC.md)

## Campaigns — page 1 of 1 (2 total)

| Campaign | Status | Reward | APR | Daily $ | Start | End |
| --- | --- | --- | --- | --- | --- | --- |
| [0x705c62…](https://app.merkl.xyz/opportunities/10373565933106005169/campaigns/0x705c6223c3688ea7d1751bea983e6da9a8cdfb87e286da16ae0e6caff9ffbf14.md) | live | [WMON](https://app.merkl.xyz/tokens/WMON.md) | 8.16% | $126.39 | 2026-05-20 | 2026-06-20 |
| [0xfb8376…](https://app.merkl.xyz/opportunities/10373565933106005169/campaigns/0xfb8376d4706bc9098eda9526889125c48badd4db1529c21e677d1f31f09aa3d8.md) | past | [WMON](https://app.merkl.xyz/tokens/WMON.md) | 0.00% | $0 | 2026-04-20 | 2026-05-20 |

## Participate

- [Deposit](https://app.sherpa.trade/earn)

## Links

- [Open in Merkl App (HTML)](https://app.merkl.xyz/opportunities/10373565933106005169)
- [Monad chain page](https://app.merkl.xyz/chains/monad)
- [Sherpa trade protocol page](https://app.merkl.xyz/protocols/sherpatrade)