---
title: "Deposit USDe as collateral on USDe/USDC 91.5% — Campaign 0x039720…"
description: "Campaign on Base distributing USDe."
canonical: "http://app.merkl.xyz/opportunities/15882969063492504801/campaigns/0x0397205b69bd85fa553679687f2fce69b896307b26d64abe8d2229f93f72eff4"
chain: "Base"
token: "USDe"
status: "live"
start: "2026-06-18"
end: "2026-06-25"
---

# Deposit USDe as collateral on USDe/USDC 91.5% — Campaign 0x039720…

## Back to

- [Parent opportunity Deposit USDe as collateral on USDe/USDC 91.5% (markdown)](http://app.merkl.xyz/opportunities/15882969063492504801.md)
- [Parent opportunity Deposit USDe as collateral on USDe/USDC 91.5% (HTML)](http://app.merkl.xyz/opportunities/15882969063492504801)
- [Base chain (markdown)](http://app.merkl.xyz/chains/base.md)
- [Morpho protocol (markdown)](http://app.merkl.xyz/protocols/morpho.md)

## Overview

- **Reward token**: USDe
- **Total amount**: 134247 USDe
- **Daily rewards (token)**: 19,178.142857 USDe
- **Daily rewards ($)**: $19,158.38
- **APR**: 4.43%
- **TVL**: $157,885,807.97
- **Start**: 2026-06-18
- **End**: 2026-06-25

## Distribution

- **Distribution chain**: Base
- **Distribution chain ID**: 8453
- **Distribution type**: MAX_REWARD_VALUE_PER_LIQUIDITY_VALUE
- **Compute chain ID**: 8453
- **Campaign APR**: 4.43%
- **Opportunity native APR**: —

## Advanced

- **Campaign ID**: 0x0397205b69bd85fa553679687f2fce69b896307b26d64abe8d2229f93f72eff4
- **Internal ID**: 9037975635115842435
- **Compute chain ID**: 8453
- **Distribution chain ID**: 8453
- **Reward token ID**: 18067461037195983186
- **Creator**: [0x7d0A9493Edecf7112486319E0fDBA72fC7a62468](http://app.merkl.xyz/users/0x7d0A9493Edecf7112486319E0fDBA72fC7a62468.md)
- **Created at**: 2026-06-18

## Leaderboard

- [Paginated leaderboard (markdown)](http://app.merkl.xyz/opportunities/15882969063492504801/campaigns/0x0397205b69bd85fa553679687f2fce69b896307b26d64abe8d2229f93f72eff4/leaderboard.md) — append `?page=N&items=M` to paginate

## Links

- [Open campaign in Merkl App (HTML)](http://app.merkl.xyz/opportunities/15882969063492504801/campaigns/0x0397205b69bd85fa553679687f2fce69b896307b26d64abe8d2229f93f72eff4)
- [Parent opportunity Deposit USDe as collateral on USDe/USDC 91.5% (markdown)](http://app.merkl.xyz/opportunities/15882969063492504801.md)
- [Base chain (markdown)](http://app.merkl.xyz/chains/base.md)
- [USDe token (markdown)](http://app.merkl.xyz/tokens/USDe.md)