Supply USDe to the Aave V4 Ethena Correlated Spoke (looping required)

This campaign is part of Ethena’s Liquid Leverage program, with Merkl acting as the distribution partner. To be eligible, users must also borrow stablecoins and maintain a health factor below 2.
5.25%
Merkl APR5.25%
Daily Rewards

<$0.01

$0.1

What you need
Missing assets?
1 active
0 upcoming
2 past

Active reward 1

5d left
APR-
Dates
Reward chain
Distribution strategy
Target Total APR
Target APR

5.25%

Total reward amount
Campaign ID
0xf326…a87b
View campaign details

Analytics

Rewards distributed
TVL (line) and daily reward spend (bars) for rate-based campaigns. APR-based campaigns spend more as TVL grows, fixed-emission campaigns spend the same every day; airdrop-style campaigns show as one bar per distribution day instead.