---
title: "Lend frxUSD on Aave V4"
description: "Earn rewards for net lending frxUSD on Aave V4 on Ethereum, net of frxUSD, USDT, USDC, GHO borrows"
canonical: "https://app.merkl.xyz/opportunities/9366020857309787227"
chain: "Ethereum"
protocol: "Aave"
type: "AAVE_V4_HUB_NET_LENDING"
page: 1
items: 25
totalPages: 1
lastCampaignCreatedAt: 2026-10-01T12:05:06.000Z
generated: "2026-10-02T23:41:31.414Z"
---

# Lend frxUSD on Aave V4

## 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 for net lending frxUSD on Aave V4 on Ethereum, net of frxUSD, USDT, USDC, GHO borrows

## Key metrics

- **Total Value Locked**: $25,538,427.64
- **APR**: 5.36%
- **Protocol APR**: 2.64%
- **Daily rewards**: $1,906.5
- **Live campaigns**: 1
- **Chain**: Ethereum
- **Protocol**: Aave
- **Protocol trusted**: Yes, verified by DefiLlama (https://defillama.com/protocol/aave-v3)

## Tokens

- [GHO](https://app.merkl.xyz/tokens/GHO.md)
- [frxUSD](https://app.merkl.xyz/tokens/frxUSD.md)
- [USDC](https://app.merkl.xyz/tokens/USDC.md)
- [USDT](https://app.merkl.xyz/tokens/USDT.md)

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

| Campaign | Status | Reward | APR | Daily $ | Start | End |
| --- | --- | --- | --- | --- | --- | --- |
| [0x405c27…](https://app.merkl.xyz/opportunities/9366020857309787227/campaigns/0x405c27dc7d091f9643d6fcc18a79097fac123890446140f32b1e58d22509d89b.md) | live | [frxUSD](https://app.merkl.xyz/tokens/frxUSD.md) | 5.36% | $1,906.5 | 2026-10-01 | 2026-10-08 |

## Participate

- [Deposit](https://pro.aave.com/explore/asset/1/0xCAcd6fd266aF91b8AeD52aCCc382b4e165586E29)

## Links

- [Open in Merkl App (HTML)](https://app.merkl.xyz/opportunities/9366020857309787227)
- [Ethereum chain page](https://app.merkl.xyz/chains/ethereum)
- [Aave protocol page](https://app.merkl.xyz/protocols/aave)