---
title: "LP in Pendle USP Yield Optimized Stablecoin 26NOV2026 — Campaign 0xbd96fc…"
description: "Campaign on Ethereum distributing PIKU."
canonical: "http://app.merkl.xyz/opportunities/18231206057010247157/campaigns/0xbd96fc22b81e34c63dc5fcb014d00e1cb54b386b6193e05cc223c5ca9514b64d"
chain: "Ethereum"
token: "PIKU"
status: "live"
start: "2026-06-25"
end: "2026-07-02"
---

# LP in Pendle USP Yield Optimized Stablecoin 26NOV2026 — Campaign 0xbd96fc…

## Back to

- [Parent opportunity LP in Pendle USP Yield Optimized Stablecoin 26NOV2026 (markdown)](http://app.merkl.xyz/opportunities/18231206057010247157.md)
- [Parent opportunity LP in Pendle USP Yield Optimized Stablecoin 26NOV2026 (HTML)](http://app.merkl.xyz/opportunities/18231206057010247157)
- [Ethereum chain (markdown)](http://app.merkl.xyz/chains/ethereum.md)
- [Pendle protocol (markdown)](http://app.merkl.xyz/protocols/pendle.md)

## Overview

- **Reward token**: PIKU
- **Total amount**: 23956.19439 PIKU
- **Daily rewards (token)**: 3,422.313484 PIKU
- **Daily rewards ($)**: $547.57
- **APR**: 125.97%
- **TVL**: $158,653.15
- **Start**: 2026-06-25
- **End**: 2026-07-02

## Distribution

- **Distribution chain**: Ethereum
- **Distribution chain ID**: 1
- **Distribution type**: DUTCH_AUCTION
- **Compute chain ID**: 1
- **Campaign APR**: 125.97%
- **Opportunity native APR**: 9.10%

## Advanced

- **Campaign ID**: 0xbd96fc22b81e34c63dc5fcb014d00e1cb54b386b6193e05cc223c5ca9514b64d
- **Internal ID**: 894570649760430493
- **Compute chain ID**: 1
- **Distribution chain ID**: 1
- **Reward token ID**: 2647967955615215254
- **Creator**: [0xD28200A0B9386EBE60e8a54038700a9CEaae2101](http://app.merkl.xyz/users/0xD28200A0B9386EBE60e8a54038700a9CEaae2101.md)
- **Created at**: 2026-06-26

## Leaderboard

- [Paginated leaderboard (markdown)](http://app.merkl.xyz/opportunities/18231206057010247157/campaigns/0xbd96fc22b81e34c63dc5fcb014d00e1cb54b386b6193e05cc223c5ca9514b64d/leaderboard.md) — append `?page=N&items=M` to paginate

## Links

- [Open campaign in Merkl App (HTML)](http://app.merkl.xyz/opportunities/18231206057010247157/campaigns/0xbd96fc22b81e34c63dc5fcb014d00e1cb54b386b6193e05cc223c5ca9514b64d)
- [Parent opportunity LP in Pendle USP Yield Optimized Stablecoin 26NOV2026 (markdown)](http://app.merkl.xyz/opportunities/18231206057010247157.md)
- [Ethereum chain (markdown)](http://app.merkl.xyz/chains/ethereum.md)
- [PIKU token (markdown)](http://app.merkl.xyz/tokens/PIKU.md)