Lend sUSDe and USDe on Aave (looping required)
This campaign is part of Ethena’s Liquid Leverage program, with Merkl acting as the distribution partner in collaboration with the ACI. The campaign considers the lowest amount of tokens lent across the sUSDe and USDe markets. It will run indefinitely, with the stated rate expected to remain roughly in line with the sUSDe rate for the foreseeable future. To be eligible, users must also borrow USDC, USDT, or USDS and maintain a health factor below 2.5.4.36%
Protocol APR1.38%
Merkl APR2.98%
Daily Rewards
$4.29K
up to $5.04K
TVL
$52.53M
What you need
What you earn
Missing assets?
1 active
0 upcoming
6 past
Active reward 1
6d left
APR2.98%
Campaign Information
Dates
19 Jun 202626 Jun 2026
Reward chain
Distribution strategyCapped Reward Rate
APR cap
3.5%
Maximum daily rewards
$5.04K
Total reward amount
Campaign ID0x23d5…2d76
Database ID417300…8795
Rules