---
title: "Borrow USDC from the Aave V4 Ethena Ecosystem Spoke"
description: "Earn rewards by borrowing USD Coin from the Aave V4 Ethena Ecosystem Spoke on Ethereum"
canonical: "https://app.merkl.xyz/opportunities/14436171031487357020"
chain: "Ethereum"
protocol: "Aave"
type: "AAVE_V4_SPOKE_BORROW"
page: 1
items: 25
totalPages: 1
lastCampaignCreatedAt: 2026-09-17T13:42:15.000Z
generated: "2026-09-20T15:25:58.174Z"
---

# Borrow USDC from the Aave V4 Ethena Ecosystem Spoke

## 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 by borrowing USD Coin from the Aave V4 Ethena Ecosystem Spoke on Ethereum

## Key metrics

- **Total Value Locked**: $1,500,858.24
- **APR**: 2.00%
- **Native APR**: —
- **Daily rewards**: $82.28
- **Live campaigns**: 1
- **Chain**: Ethereum
- **Protocol**: Aave
- **Protocol trusted**: Yes, verified by DefiLlama (https://defillama.com/protocol/aave-v3)

## Tokens

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

## Campaigns : page 1 of 1 (4 total)

| Campaign | Status | Reward | APR | Daily $ | Start | End |
| --- | --- | --- | --- | --- | --- | --- |
| [53059070…](https://app.merkl.xyz/opportunities/14436171031487357020/campaigns/5305907082538034975.md) | live | [USDC](https://app.merkl.xyz/tokens/USDC.md) | 2.00% | $82.28 | 2026-09-17 | 2026-09-24 |
| [30916609…](https://app.merkl.xyz/opportunities/14436171031487357020/campaigns/309166091017282316.md) | past | [USDC](https://app.merkl.xyz/tokens/USDC.md) | 0.00% | $0 | 2026-09-10 | 2026-09-17 |
| [96543102…](https://app.merkl.xyz/opportunities/14436171031487357020/campaigns/9654310212108407598.md) | past | [USDC](https://app.merkl.xyz/tokens/USDC.md) | 0.00% | $0 | 2026-09-03 | 2026-09-10 |
| [12536123…](https://app.merkl.xyz/opportunities/14436171031487357020/campaigns/12536123619937001928.md) | past | [USDC](https://app.merkl.xyz/tokens/USDC.md) | 0.00% | $0 | 2026-08-27 | 2026-09-03 |

## Participate

- [Deposit](https://pro.aave.com/explore/asset/1/0xA0b86991c6218b36c1d19D4a2e9Eb0cE3606eB48)

## Links

- [Open in Merkl App (HTML)](https://app.merkl.xyz/opportunities/14436171031487357020)
- [Ethereum chain page](https://app.merkl.xyz/chains/ethereum)
- [Aave protocol page](https://app.merkl.xyz/protocols/aave)