Lend sUSDe and USDe on Aave (looping required)
This campaign is part of Ethena’s Liquid Leverage program, with Merkl acting as the distribution partner in collaboration with the ACI. The campaign considers the lowest amount of tokens lent across the sUSDe and USDe markets. It will run indefinitely, with the stated rate expected to remain roughly in line with the sUSDe rate for the foreseeable future. To be eligible, users must also borrow USDC or USDT and maintain a health factor below 2.5.4.31%
Protocol APR0.99%
Merkl APR3.32%
Daily Rewards
$13.91K
up to $14.69K
TVL
$153.15M
What you need
What you earn
Missing assets?
1 active
0 upcoming
6 past
Active reward 1
6d left
APR3.32%
Campaign Information
Dates
19 Jun 202626 Jun 2026
Reward chain
Distribution strategyCapped Reward Rate
APR cap
3.5%
Maximum daily rewards
$14.69K
Total reward amount
Campaign ID0x41ef…6a0e
Database ID466039…0425
Rules