---
title: "Borrow USDC from Aave Horizon market"
description: "Earn rewards by borrowing USDC on Aave Horizon market Ethereum. This is a net borrowing opportunity: borrowing & lending the same asset will make you earn rewards based only on the difference of the two amounts."
canonical: "https://app.merkl.xyz/opportunities/7774785555153132372"
chain: "Ethereum"
protocol: "Aave"
type: "MULTILOG_DUTCH"
page: 1
items: 25
totalPages: 1
updated: 2026-06-16T11:18:30.000Z
---

# Borrow USDC from Aave Horizon market

## 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 borrowing USDC on Aave Horizon market Ethereum. This is a net borrowing opportunity: borrowing & lending the same asset will make you earn rewards based only on the difference of the two amounts.

## Key metrics

- **Total Value Locked**: $4,331,657.38
- **APR**: 1.75%
- **Native APR**: —
- **Daily rewards**: $207.68
- **Live campaigns**: 1
- **Chain**: Ethereum
- **Protocol**: Aave

## Tokens

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

## Campaigns — page 1 of 1 (5 total)

| Campaign | Status | Reward | APR | Daily $ | Start | End |
| --- | --- | --- | --- | --- | --- | --- |
| [0x7d9f37…](https://app.merkl.xyz/opportunities/7774785555153132372/campaigns/0x7d9f3745c3eef110a24682bd7f88fca29de5331bcba2d452d7b91c06770a26e9.md) | live | [aHorRwaUSDC](https://app.merkl.xyz/tokens/aHorRwaUSDC.md) | 1.75% | $207.68 | 2026-06-18 | 2026-07-02 |
| [0x921cf2…](https://app.merkl.xyz/opportunities/7774785555153132372/campaigns/0x921cf24c2cc680be0e67a7ed035dbe5bf90235386404e520e485e8777133843f.md) | past | [aHorRwaUSDC](https://app.merkl.xyz/tokens/aHorRwaUSDC.md) | 0.00% | $0 | 2026-06-04 | 2026-06-18 |
| [0x261fb5…](https://app.merkl.xyz/opportunities/7774785555153132372/campaigns/0x261fb5362e04d6d756aace9782a67720f17ad68c1dcc0f31dfee077fea004f03.md) | past | [aHorRwaUSDC](https://app.merkl.xyz/tokens/aHorRwaUSDC.md) | 0.00% | $0 | 2026-05-21 | 2026-06-04 |
| [0xe50db8…](https://app.merkl.xyz/opportunities/7774785555153132372/campaigns/0xe50db8d55dab8d88bf5aaabc51279dd7d91097ef27319b4dedffcbddbb2b3429.md) | past | [aHorRwaUSDC](https://app.merkl.xyz/tokens/aHorRwaUSDC.md) | 0.00% | $0 | 2026-05-07 | 2026-05-21 |
| [0xaae1c9…](https://app.merkl.xyz/opportunities/7774785555153132372/campaigns/0xaae1c99a7df904270506914fa00d803a5d2d04d5c9c157a6bbafc4c987f88d75.md) | past | [aHorRwaUSDC](https://app.merkl.xyz/tokens/aHorRwaUSDC.md) | 0.00% | $0 | 2026-04-23 | 2026-05-07 |

## Participate

- [Deposit](https://app.aave.com/reserve-overview/?underlyingAsset=0xA0b86991c6218b36c1d19D4a2e9Eb0cE3606eB48&marketName=proto_mainnet_v3)

## Links

- [Open in Merkl App (HTML)](https://app.merkl.xyz/opportunities/7774785555153132372)
- [Ethereum chain page](https://app.merkl.xyz/chains/ethereum)
- [Aave protocol page](https://app.merkl.xyz/protocols/aave)