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. The rate provided to eligible users will change week by week, but will be roughly in line with the sUSDe rate less the USDe supply rate earned for the foreseeable future. To be eligible, users must also borrow USDC or USDT and maintain a health factor below 2.5.0.88%
Protocol APR0.88%
Merkl APR
Daily Rewards
$0
$38.95M
What you need
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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.