---
title: "Lend USDe on Aave (looping required)"
description: "This campaign is part of Ethena’s Liquid Leverage program, with Merkl acting as the distribution partner in collaboration with the ACI. To be eligible, users must also borrow and maintain a health factor below 2.5."
canonical: "https://app.merkl.xyz/opportunities/16207430537057112392"
chain: "Monad"
protocol: "Aave"
type: "AAVE_SUPPLY"
page: 1
items: 25
totalPages: 1
updated: 2026-07-17T12:06:21.000Z
---

# Lend USDe on Aave (looping required)

## Back to

- [Opportunities index (HTML)](https://app.merkl.xyz/)
- [Monad chain (markdown)](https://app.merkl.xyz/chains/monad.md)
- [Aave protocol (markdown)](https://app.merkl.xyz/protocols/aave.md)

This campaign is part of Ethena’s Liquid Leverage program, with Merkl acting as the distribution partner in collaboration with the ACI. To be eligible, users must also borrow and maintain a health factor below 2.5.

## Key metrics

- **Total Value Locked**: $15,862,189.74
- **APR**: 3.75%
- **Native APR**: 0.01%
- **Daily rewards**: $1,619.25
- **Live campaigns**: 1
- **Chain**: Monad
- **Protocol**: Aave
- **Protocol trusted**: Yes — verified by DefiLlama (https://defillama.com/protocol/aave-v3)

## Tokens

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

## Campaigns — page 1 of 1 (2 total)

| Campaign | Status | Reward | APR | Daily $ | Start | End |
| --- | --- | --- | --- | --- | --- | --- |
| [0xffcb15…](https://app.merkl.xyz/opportunities/16207430537057112392/campaigns/0xffcb15e57fb036cab520e002bdd88b4ef67b101846aec48e198b48fc86e21f7a.md) | live | [aMonUSDe](https://app.merkl.xyz/tokens/aMonUSDe.md) | 3.75% | $1,619.25 | 2026-07-17 | 2026-07-24 |
| [0x8e23a2…](https://app.merkl.xyz/opportunities/16207430537057112392/campaigns/0x8e23a2c74178e42d420b451020783677c390b61493264d788a3122371c711bd4.md) | past | [aMonUSDe](https://app.merkl.xyz/tokens/aMonUSDe.md) | 0.00% | $0 | 2026-07-10 | 2026-07-17 |

## Participate

- [Deposit](https://app.aave.com/reserve-overview/?underlyingAsset=0x5d3a1Ff2b6BAb83b63cd9AD0787074081a52ef34&marketName=proto_monad_v3)

## Links

- [Open in Merkl App (HTML)](https://app.merkl.xyz/opportunities/16207430537057112392)
- [Monad chain page](https://app.merkl.xyz/chains/monad)
- [Aave protocol page](https://app.merkl.xyz/protocols/aave)