---
title: "Lend PYUSD on Aave Core (net lending)"
description: "Earn rewards by lending PYUSD to Aave Core. This is a net lending opportunity: lending & borrowing the same asset will make you earn rewards based only on the difference of the two amounts."
canonical: "https://app.merkl.xyz/opportunities/4377015652044862776"
chain: "Ethereum"
protocol: "Aave"
type: "MULTILOG_DUTCH"
page: 1
items: 25
totalPages: 1
updated: 2025-11-07T14:00:20.000Z
---

# Lend PYUSD on Aave Core (net lending)

## Back to

- [Opportunities index (HTML)](https://app.merkl.xyz/)
- [Ethereum chain (markdown)](https://app.merkl.xyz/chains/ethereum.md)
- [Aave protocol (markdown)](https://app.merkl.xyz/protocols/aave.md)

Earn rewards by lending PYUSD to Aave Core. This is a net lending opportunity: lending & borrowing the same asset will make you earn rewards based only on the difference of the two amounts.

## Key metrics

- **Total Value Locked**: $239,414,176.43
- **APR**: 0.00%
- **Native APR**: —
- **Daily rewards**: $0
- **Live campaigns**: 0
- **Chain**: Ethereum
- **Protocol**: Aave
- **Protocol trusted**: Yes — verified by DefiLlama (https://defillama.com/protocol/aave-v3)

## Tokens

- [aEthPYUSD](https://app.merkl.xyz/tokens/aEthPYUSD.md)

## Campaigns — page 1 of 1 (4 total)

| Campaign | Status | Reward | APR | Daily $ | Start | End |
| --- | --- | --- | --- | --- | --- | --- |
| [0x83ba7a…](https://app.merkl.xyz/opportunities/4377015652044862776/campaigns/0x83ba7a3dd2c7e618c6e8a7af7126639c4315378461528449709e8a0958a4eaee.md) | past | [aEthPYUSD](https://app.merkl.xyz/tokens/aEthPYUSD.md) | 0.00% | $0 | 2025-11-07 | 2025-11-21 |
| [0x3fb92a…](https://app.merkl.xyz/opportunities/4377015652044862776/campaigns/0x3fb92af6d1771489cb236c19742cb6b88722c9b360ee09ab90c7ac2e93e4b9ad.md) | past | [aEthPYUSD](https://app.merkl.xyz/tokens/aEthPYUSD.md) | 0.00% | $0 | 2025-10-24 | 2025-11-07 |
| [0x41fe9f…](https://app.merkl.xyz/opportunities/4377015652044862776/campaigns/0x41fe9f1c2b4df122dcefd714d6a09b5ba68cd632ade6c8c97c13c25ae2f7fe1c.md) | past | [aEthPYUSD](https://app.merkl.xyz/tokens/aEthPYUSD.md) | 0.00% | $0 | 2025-10-17 | 2025-10-24 |
| [0x61edc2…](https://app.merkl.xyz/opportunities/4377015652044862776/campaigns/0x61edc2d5c3d2694ccb931d545bc6079b069b508a7a42814e220830c539eaec74.md) | past | [aEthPYUSD](https://app.merkl.xyz/tokens/aEthPYUSD.md) | 0.00% | $0 | 2025-10-08 | 2025-10-17 |

## Participate

- [Deposit](https://app.aave.com/reserve-overview/?underlyingAsset=0x6c3ea9036406852006290770bedfcaba0e23a0e8&marketName=proto_mainnet_v3)

## Links

- [Open in Merkl App (HTML)](https://app.merkl.xyz/opportunities/4377015652044862776)
- [Ethereum chain page](https://app.merkl.xyz/chains/ethereum)
- [Aave protocol page](https://app.merkl.xyz/protocols/aave)