---
title: "Borrow USDC on USP/USDC 86% — Campaign 0x265239…"
description: "Campaign on Ethereum distributing PIKU."
canonical: "https://app.merkl.xyz/opportunities/369155695429550021/campaigns/0x26523961b39cd6bc358372bc2b14a3ac36be98664ea57bc2bb7a96f9508128ea"
chain: "Ethereum"
token: "PIKU"
status: "live"
start: "2026-08-13"
end: "2026-08-20"
---

# Borrow USDC on USP/USDC 86% — Campaign 0x265239…

## Back to

- [Parent opportunity Borrow USDC on USP/USDC 86% (markdown)](https://app.merkl.xyz/opportunities/369155695429550021.md)
- [Parent opportunity Borrow USDC on USP/USDC 86% (HTML)](https://app.merkl.xyz/opportunities/369155695429550021)
- [Ethereum chain (markdown)](https://app.merkl.xyz/chains/ethereum.md)
- [Morpho protocol (markdown)](https://app.merkl.xyz/protocols/morpho.md)

## Overview

- **Reward token**: PIKU
- **Total amount**: 35934.29158 PIKU
- **Daily rewards (token)**: 5,133.470226 PIKU
- **Daily rewards ($)**: $821.36
- **APR**: 13.13%
- **TVL**: $2,283,275.64
- **Start**: 2026-08-13
- **End**: 2026-08-20

## Distribution

- **Distribution chain**: Ethereum
- **Distribution chain ID**: 1
- **Distribution type**: DUTCH_AUCTION
- **Compute chain ID**: 1
- **Campaign APR**: 13.13%
- **Opportunity native APR**: —

## Advanced

- **Campaign ID**: 0x26523961b39cd6bc358372bc2b14a3ac36be98664ea57bc2bb7a96f9508128ea
- **Internal ID**: 4584065745249373832
- **Compute chain ID**: 1
- **Distribution chain ID**: 1
- **Reward token ID**: 2647967955615215254
- **Creator**: [0xD28200A0B9386EBE60e8a54038700a9CEaae2101](https://app.merkl.xyz/users/0xD28200A0B9386EBE60e8a54038700a9CEaae2101.md)
- **Created at**: 2026-08-12

## Leaderboard

- [Paginated leaderboard (markdown)](https://app.merkl.xyz/opportunities/369155695429550021/campaigns/0x26523961b39cd6bc358372bc2b14a3ac36be98664ea57bc2bb7a96f9508128ea/leaderboard.md) — append `?page=N&items=M` to paginate

## Links

- [Open campaign in Merkl App (HTML)](https://app.merkl.xyz/opportunities/369155695429550021/campaigns/0x26523961b39cd6bc358372bc2b14a3ac36be98664ea57bc2bb7a96f9508128ea)
- [Parent opportunity Borrow USDC on USP/USDC 86% (markdown)](https://app.merkl.xyz/opportunities/369155695429550021.md)
- [Ethereum chain (markdown)](https://app.merkl.xyz/chains/ethereum.md)
- [PIKU token (markdown)](https://app.merkl.xyz/tokens/PIKU.md)