---
title: "Borrow USDC on OETH/USDC 86% — Campaign 0x8508e5…"
description: "Campaign on Ethereum distributing OETH."
canonical: "http://app.merkl.xyz/opportunities/13910696446007033969/campaigns/0x8508e58073c69401254eb9326d4cff97faf4992b52d3675d7254a68a90740ff8"
chain: "Ethereum"
token: "OETH"
status: "live"
start: "2026-06-18"
end: "2026-06-25"
---

# Borrow USDC on OETH/USDC 86% — Campaign 0x8508e5…

## Back to

- [Parent opportunity Borrow USDC on OETH/USDC 86% (markdown)](http://app.merkl.xyz/opportunities/13910696446007033969.md)
- [Parent opportunity Borrow USDC on OETH/USDC 86% (HTML)](http://app.merkl.xyz/opportunities/13910696446007033969)
- [Ethereum chain (markdown)](http://app.merkl.xyz/chains/ethereum.md)
- [Morpho protocol (markdown)](http://app.merkl.xyz/protocols/morpho.md)

## Overview

- **Reward token**: OETH
- **Total amount**: 3.75765092894577368 OETH
- **Daily rewards (token)**: 0.536807 OETH
- **Daily rewards ($)**: $935.79
- **APR**: 4.97%
- **TVL**: $6,874,520.57
- **Start**: 2026-06-18
- **End**: 2026-06-25

## Distribution

- **Distribution chain**: Ethereum
- **Distribution chain ID**: 1
- **Distribution type**: DUTCH_AUCTION
- **Compute chain ID**: 1
- **Campaign APR**: 4.97%
- **Opportunity native APR**: —

## Advanced

- **Campaign ID**: 0x8508e58073c69401254eb9326d4cff97faf4992b52d3675d7254a68a90740ff8
- **Internal ID**: 442581289889477199
- **Compute chain ID**: 1
- **Distribution chain ID**: 1
- **Reward token ID**: 14327985150330370927
- **Creator**: [0x4FF1b9D9ba8558F5EAfCec096318eA0d8b541971](http://app.merkl.xyz/users/0x4FF1b9D9ba8558F5EAfCec096318eA0d8b541971.md)
- **Created at**: 2026-06-17

## Leaderboard

- [Paginated leaderboard (markdown)](http://app.merkl.xyz/opportunities/13910696446007033969/campaigns/0x8508e58073c69401254eb9326d4cff97faf4992b52d3675d7254a68a90740ff8/leaderboard.md) — append `?page=N&items=M` to paginate

## Links

- [Open campaign in Merkl App (HTML)](http://app.merkl.xyz/opportunities/13910696446007033969/campaigns/0x8508e58073c69401254eb9326d4cff97faf4992b52d3675d7254a68a90740ff8)
- [Parent opportunity Borrow USDC on OETH/USDC 86% (markdown)](http://app.merkl.xyz/opportunities/13910696446007033969.md)
- [Ethereum chain (markdown)](http://app.merkl.xyz/chains/ethereum.md)
- [OETH token (markdown)](http://app.merkl.xyz/tokens/OETH.md)