---
title: "Borrow USDC on OETH/USDC 86% — Campaign 0xf04cad…"
description: "Campaign on Ethereum distributing OETH."
canonical: "https://app.merkl.xyz/opportunities/13910696446007033969/campaigns/0xf04cadc8c5aa8a926e97dbd47c58ca72abb26c21143e1b6b410b05a40a300a46"
chain: "Ethereum"
token: "OETH"
status: "live"
start: "2026-08-06"
end: "2026-08-13"
---

# Borrow USDC on OETH/USDC 86% — Campaign 0xf04cad…

## Back to

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

## Overview

- **Reward token**: OETH
- **Total amount**: 4.497028229368318812 OETH
- **Daily rewards (token)**: 0.642433 OETH
- **Daily rewards ($)**: $1,226.58
- **APR**: 5.30%
- **TVL**: $8,442,411.73
- **Start**: 2026-08-06
- **End**: 2026-08-13

## Distribution

- **Distribution chain**: Ethereum
- **Distribution chain ID**: 1
- **Distribution type**: DUTCH_AUCTION
- **Compute chain ID**: 1
- **Campaign APR**: 5.30%
- **Opportunity native APR**: —

## Advanced

- **Campaign ID**: 0xf04cadc8c5aa8a926e97dbd47c58ca72abb26c21143e1b6b410b05a40a300a46
- **Internal ID**: 2189928510323758407
- **Compute chain ID**: 1
- **Distribution chain ID**: 1
- **Reward token ID**: 14327985150330370927
- **Creator**: [0x4FF1b9D9ba8558F5EAfCec096318eA0d8b541971](https://app.merkl.xyz/users/0x4FF1b9D9ba8558F5EAfCec096318eA0d8b541971.md)
- **Created at**: 2026-08-05

## Leaderboard

- [Paginated leaderboard (markdown)](https://app.merkl.xyz/opportunities/13910696446007033969/campaigns/0xf04cadc8c5aa8a926e97dbd47c58ca72abb26c21143e1b6b410b05a40a300a46/leaderboard.md) — append `?page=N&items=M` to paginate

## Links

- [Open campaign in Merkl App (HTML)](https://app.merkl.xyz/opportunities/13910696446007033969/campaigns/0xf04cadc8c5aa8a926e97dbd47c58ca72abb26c21143e1b6b410b05a40a300a46)
- [Parent opportunity Borrow USDC on OETH/USDC 86% (markdown)](https://app.merkl.xyz/opportunities/13910696446007033969.md)
- [Ethereum chain (markdown)](https://app.merkl.xyz/chains/ethereum.md)
- [OETH token (markdown)](https://app.merkl.xyz/tokens/OETH.md)