---
title: "Borrow ETH using cbETH as collateral on Aave"
description: "Earn rewards by borrowing ETH using cbETH as collateral on Aave on Base"
canonical: "https://app.merkl.xyz/opportunities/7267850615864866485"
chain: "Base"
protocol: "Aave"
type: "MULTILOG_DUTCH"
page: 1
items: 25
totalPages: 1
updated: 2026-06-19T10:51:55.000Z
---

# Borrow ETH using cbETH as collateral on Aave

## Back to

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

Earn rewards by borrowing ETH using cbETH as collateral on Aave on Base

## Key metrics

- **Total Value Locked**: $21,753,027.48
- **APR**: 0.97%
- **Native APR**: —
- **Daily rewards**: $578.77
- **Live campaigns**: 1
- **Chain**: Base
- **Protocol**: Aave

## Tokens

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

## Campaigns — page 1 of 1 (1 total)

| Campaign | Status | Reward | APR | Daily $ | Start | End |
| --- | --- | --- | --- | --- | --- | --- |
| [0xbcaf95…](https://app.merkl.xyz/opportunities/7267850615864866485/campaigns/0xbcaf95c4846ffd5659f43894a953b44d580ae19dd975e9aea3ca7b302264a8d8.md) | live | [aBascbETH](https://app.merkl.xyz/tokens/aBascbETH.md) | 0.97% | $578.77 | 2026-06-19 | 2026-06-26 |

## Participate

- [Deposit](https://app.aave.com/reserve-overview/?underlyingAsset=0x2Ae3F1Ec7F1F5012CFEab0185bfc7aa3cf0DEc22&marketName=proto_base_v3)

## Links

- [Open in Merkl App (HTML)](https://app.merkl.xyz/opportunities/7267850615864866485)
- [Base chain page](https://app.merkl.xyz/chains/base)
- [Aave protocol page](https://app.merkl.xyz/protocols/aave)