---
title: "Borrow wstETH with tETH on Aave"
description: "Earn rewards by borrowing wstETH backed by tETH on Aave on Ethereum. Rewards are calculated as min(collateral × eMode-aware LTV, borrow amount), counting only collateral you have enabled."
canonical: "https://app.merkl.xyz/opportunities/8439631792195155272"
chain: "Ethereum"
protocol: "Aave"
type: "AAVE_BORROW_FROM_COLLATERAL"
page: 1
items: 25
totalPages: 1
lastCampaignCreatedAt: 2026-09-30T05:59:14.000Z
generated: "2026-10-03T00:59:36.336Z"
---

# Borrow wstETH with tETH on Aave

## 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 wstETH backed by tETH on Aave on Ethereum. Rewards are calculated as min(collateral × eMode-aware LTV, borrow amount), counting only collateral you have enabled.

## Key metrics

- **Total Value Locked**: $14,327.4
- **APR**: 0.50%
- **Protocol APR**: —
- **Daily rewards**: $0.2
- **Live campaigns**: 1
- **Chain**: Ethereum
- **Protocol**: Aave
- **Protocol trusted**: Yes, verified by DefiLlama (https://defillama.com/protocol/aave-v3)

## Tokens

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

## Campaigns : page 1 of 1 (1 total)

| Campaign | Status | Reward | APR | Daily $ | Start | End |
| --- | --- | --- | --- | --- | --- | --- |
| [0x21d28e…](https://app.merkl.xyz/opportunities/8439631792195155272/campaigns/0x21d28e2fbc2234190912e194fb64ca5f7f204c7d1aec673b4d074bcc0006a8f9.md) | live | [TREE](https://app.merkl.xyz/tokens/TREE.md) | 0.50% | $0.2 | 2026-09-28 | 2026-12-03 |

## Participate

- [Deposit](https://app.aave.com/reserve-overview/?underlyingAsset=0x7f39c581f595b53c5cb19bd0b3f8da6c935e2ca0&marketName=proto_lido_v3)

## Links

- [Open in Merkl App (HTML)](https://app.merkl.xyz/opportunities/8439631792195155272)
- [Ethereum chain page](https://app.merkl.xyz/chains/ethereum)
- [Aave protocol page](https://app.merkl.xyz/protocols/aave)