---
title: "Borrow ETH using cbETH as collateral on Aave — Campaign 0x48890f…"
description: "Campaign on Base distributing aBascbETH."
canonical: "https://app.merkl.xyz/opportunities/7267850615864866485/campaigns/0x48890f73500b21795d191df4a7e23ecbc0f9de47f9914ab4d364a3e1f187d416"
chain: "Base"
token: "aBascbETH"
status: "live"
start: "2026-09-17"
end: "2026-09-24"
rewardsComputedUntil: "2026-09-20T16:06:07.000Z"
generated: "2026-09-20T16:11:45.410Z"
---

# Borrow ETH using cbETH as collateral on Aave — Campaign 0x48890f…

## Back to

- [Parent opportunity Borrow ETH using cbETH as collateral on Aave (markdown)](https://app.merkl.xyz/opportunities/7267850615864866485.md)
- [Parent opportunity Borrow ETH using cbETH as collateral on Aave (HTML)](https://app.merkl.xyz/opportunities/7267850615864866485)
- [Base chain (markdown)](https://app.merkl.xyz/chains/base.md)
- [Aave protocol (markdown)](https://app.merkl.xyz/protocols/aave.md)

## Overview

- **Reward token**: aBascbETH
- **Total amount**: 1.428 aBascbETH
- **Daily rewards (token)**: 0.204 aBascbETH
- **Daily rewards ($)**: $604.94
- **APR**: 0.21%
- **TVL**: $106,925,900.23
- **Start**: 2026-09-17
- **End**: 2026-09-24

## Distribution

- **Distribution chain**: Base
- **Distribution chain ID**: 8453
- **Distribution type**: DUTCH_AUCTION
- **Compute chain ID**: 8453
- **Campaign APR**: 0.21%
- **Opportunity native APR**: 0.00%

## Advanced

- **Campaign ID**: 0x48890f73500b21795d191df4a7e23ecbc0f9de47f9914ab4d364a3e1f187d416
- **Internal ID**: 13936210317997039930
- **Compute chain ID**: 8453
- **Distribution chain ID**: 8453
- **Reward token ID**: 9338562267433979957
- **Creator**: [0x89587ebe7cFF64c6527fE2Deccc3521D75763E8D](https://app.merkl.xyz/users/0x89587ebe7cFF64c6527fE2Deccc3521D75763E8D.md)
- **Created at**: 2026-09-17

## Leaderboard

- [Paginated leaderboard (markdown)](https://app.merkl.xyz/opportunities/7267850615864866485/campaigns/0x48890f73500b21795d191df4a7e23ecbc0f9de47f9914ab4d364a3e1f187d416/leaderboard.md): append `?page=N&items=M` to paginate

## Links

- [Open campaign in Merkl App (HTML)](https://app.merkl.xyz/opportunities/7267850615864866485/campaigns/0x48890f73500b21795d191df4a7e23ecbc0f9de47f9914ab4d364a3e1f187d416)
- [Parent opportunity Borrow ETH using cbETH as collateral on Aave (markdown)](https://app.merkl.xyz/opportunities/7267850615864866485.md)
- [Base chain (markdown)](https://app.merkl.xyz/chains/base.md)
- [aBascbETH token (markdown)](https://app.merkl.xyz/tokens/aBascbETH.md)