---
title: "Lend sUSDe and 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. 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."
canonical: "https://app.merkl.xyz/opportunities/16566125236842396321"
chain: "Plasma"
protocol: "Aave"
type: "MULTILOG_DUTCH"
page: 1
items: 25
totalPages: 1
updated: 2026-06-20T03:24:31.000Z
---

# Lend sUSDe and USDe on Aave (looping required)

## Back to

- [Opportunities index (HTML)](https://app.merkl.xyz/)
- [Plasma chain (markdown)](https://app.merkl.xyz/chains/plasma.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. 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.

## Key metrics

- **Total Value Locked**: $153,148,610.89
- **APR**: 3.32%
- **Native APR**: —
- **Daily rewards**: $13,914.93
- **Live campaigns**: 1
- **Chain**: Plasma
- **Protocol**: Aave

## Tokens

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

## Campaigns — page 1 of 1 (7 total)

| Campaign | Status | Reward | APR | Daily $ | Start | End |
| --- | --- | --- | --- | --- | --- | --- |
| [0x41ef16…](https://app.merkl.xyz/opportunities/16566125236842396321/campaigns/0x41ef163059e1d8723e225d3606851b0a44c3a3fd785428b5afecb03a25676a0e.md) | live | [aPlaUSDe](https://app.merkl.xyz/tokens/aPlaUSDe.md) | 3.32% | $13,914.93 | 2026-06-19 | 2026-06-26 |
| [0xeb452c…](https://app.merkl.xyz/opportunities/16566125236842396321/campaigns/0xeb452c2320ef68f0f52a8dcad396f296fcb73762069309cf365299ba13a7d3d3.md) | past | [aPlaUSDe](https://app.merkl.xyz/tokens/aPlaUSDe.md) | 0.00% | $0 | 2026-06-12 | 2026-06-19 |
| [0x426633…](https://app.merkl.xyz/opportunities/16566125236842396321/campaigns/0x4266331e6b8c87cb3583b4719cdb8ca4cfb38e65e987c8dfb0338e704fa22f38.md) | past | [aPlaUSDe](https://app.merkl.xyz/tokens/aPlaUSDe.md) | 0.00% | $0 | 2026-06-05 | 2026-06-12 |
| [0xe51e74…](https://app.merkl.xyz/opportunities/16566125236842396321/campaigns/0xe51e74b5445d712f161d64960a51bb76408333a320736f486538358e604eb2c9.md) | past | [aPlaUSDe](https://app.merkl.xyz/tokens/aPlaUSDe.md) | 0.00% | $0 | 2026-05-29 | 2026-06-05 |
| [0x00c87c…](https://app.merkl.xyz/opportunities/16566125236842396321/campaigns/0x00c87ca9725566e5fcc40139f685e6b00b5c9f5e4703c39bc9fb5be3818756cc.md) | past | [aPlaUSDe](https://app.merkl.xyz/tokens/aPlaUSDe.md) | 0.00% | $0 | 2026-05-22 | 2026-05-29 |
| [0x21736e…](https://app.merkl.xyz/opportunities/16566125236842396321/campaigns/0x21736e4601280ad2114a32541f51225f43d09eb0a6d7fcd4af4d72e1a114defc.md) | past | [aPlaUSDe](https://app.merkl.xyz/tokens/aPlaUSDe.md) | 0.00% | $0 | 2026-05-15 | 2026-05-22 |
| [0xd0b3d9…](https://app.merkl.xyz/opportunities/16566125236842396321/campaigns/0xd0b3d9e3f63801b91fa63b544ccb72fd1790b8b502e348be6ed176449eb4e064.md) | past | [aPlaUSDe](https://app.merkl.xyz/tokens/aPlaUSDe.md) | 0.00% | $0 | 2026-05-08 | 2026-05-15 |

## Participate

- [Deposit](https://app.aave.com/markets/)

## Links

- [Open in Merkl App (HTML)](https://app.merkl.xyz/opportunities/16566125236842396321)
- [Plasma chain page](https://app.merkl.xyz/chains/plasma)
- [Aave protocol page](https://app.merkl.xyz/protocols/aave)