---
title: "Lend USDS on Aave"
description: "Earn rewards on your net lending position (USDS supply minus USDT, USDC, USDe, DAI, USDS borrows) on Aave on Ethereum"
canonical: "https://app.merkl.xyz/opportunities/12435421320610925123"
chain: "Ethereum"
protocol: "Aave"
type: "AAVE_NET_LENDING"
page: 1
items: 25
totalPages: 1
updated: 2026-07-08T08:57:49.000Z
---

# Lend USDS on Aave

## Back to

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

Earn rewards on your net lending position (USDS supply minus USDT, USDC, USDe, DAI, USDS borrows) on Aave on Ethereum

## Key metrics

- **Total Value Locked**: $12,260,520.14
- **APR**: 3.24%
- **Native APR**: 0.14%
- **Daily rewards**: $1,089.06
- **Live campaigns**: 1
- **Chain**: Ethereum
- **Protocol**: Aave
- **Protocol trusted**: Yes — verified by DefiLlama (https://defillama.com/protocol/aave-v3)

## Tokens

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

## Campaigns — page 1 of 1 (1 total)

| Campaign | Status | Reward | APR | Daily $ | Start | End |
| --- | --- | --- | --- | --- | --- | --- |
| [0x5205d6…](https://app.merkl.xyz/opportunities/12435421320610925123/campaigns/0x5205d656767c1b205b2cee9fb912d53e25d35b042d37f44b02e4b53899684ef9.md) | live | [aEthUSDS](https://app.merkl.xyz/tokens/aEthUSDS.md) | 3.24% | $1,089.06 | 2026-07-07 | 2026-07-14 |

## Participate

- [Deposit](https://app.aave.com/reserve-overview/?underlyingAsset=0xdC035D45d973E3EC169d2276DDab16f1e407384F&marketName=proto_mainnet_v3)

## Links

- [Open in Merkl App (HTML)](https://app.merkl.xyz/opportunities/12435421320610925123)
- [Ethereum chain page](https://app.merkl.xyz/chains/ethereum)
- [Aave protocol page](https://app.merkl.xyz/protocols/aave)