---
title: "Borrow WAVAX on Aave V4 (AVAX Correlated)"
description: "Earn rewards for net borrowing WAVAX on Aave V4 (AVAX Correlated) on Avalanche"
canonical: "https://app.merkl.xyz/opportunities/11541785778237751315"
chain: "Avalanche"
protocol: "Aave"
type: "AAVE_V4_SPOKE_NET_BORROWING"
page: 1
items: 25
totalPages: 1
updated: 2026-08-05T09:46:56.000Z
---

# Borrow WAVAX on Aave V4 (AVAX Correlated)

## Back to

- [Opportunities index (HTML)](https://app.merkl.xyz/)
- [Avalanche chain (markdown)](https://app.merkl.xyz/chains/avalanche.md)
- [Aave protocol (markdown)](https://app.merkl.xyz/protocols/aave.md)

Earn rewards for net borrowing WAVAX on Aave V4 (AVAX Correlated) on Avalanche

## Key metrics

- **Total Value Locked**: $687,418.34
- **APR**: 1.00%
- **Native APR**: —
- **Daily rewards**: $18.83
- **Live campaigns**: 1
- **Chain**: Avalanche
- **Protocol**: Aave
- **Protocol trusted**: Yes — verified by DefiLlama (https://defillama.com/protocol/aave-v3)

## Tokens

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

## Campaigns — page 1 of 1 (3 total)

| Campaign | Status | Reward | APR | Daily $ | Start | End |
| --- | --- | --- | --- | --- | --- | --- |
| [0x002fbd…](https://app.merkl.xyz/opportunities/11541785778237751315/campaigns/0x002fbd69fb2e62755ce5c449578225effd21df5ccf18ed60e26171fe84d77d17.md) | live | [WAVAX](https://app.merkl.xyz/tokens/WAVAX.md) | 1.00% | $18.83 | 2026-08-05 | 2026-08-13 |
| [0xf43046…](https://app.merkl.xyz/opportunities/11541785778237751315/campaigns/0xf4304655ca657d35b558493de0c773d62785f69503051cb994f51282ce0f7ad6.md) | past | [WAVAX](https://app.merkl.xyz/tokens/WAVAX.md) | 0.00% | $0 | 2026-07-29 | 2026-08-05 |
| [0x2531ef…](https://app.merkl.xyz/opportunities/11541785778237751315/campaigns/0x2531ef9b4a95af86601683e01ee124b79c0ef505a18f9627570a019c83789021.md) | past | [WAVAX](https://app.merkl.xyz/tokens/WAVAX.md) | 0.00% | $0 | 2026-07-22 | 2026-07-29 |

## Participate

- [Deposit](https://pro.aave.com/explore/asset/43114/0xB31f66AA3C1e785363F0875A1B74E27b85FD66c7)

## Links

- [Open in Merkl App (HTML)](https://app.merkl.xyz/opportunities/11541785778237751315)
- [Avalanche chain page](https://app.merkl.xyz/chains/avalanche)
- [Aave protocol page](https://app.merkl.xyz/protocols/aave)