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 2.5.4.27%
Protocol APR1.07%
Merkl APR3.2%
Daily Rewards
$4.61K
up to $5.4K
TVL
$52.55M
What you need
What you earn
Missing assets?
1 active
0 upcoming
3 past
Active Reward 1
7h left
APR3.2%
Campaign Information
Dates
29 May 202605 Jun 2026
Reward chain
Distribution strategyCapped Reward Rate
APR cap
3.75%
Maximum daily rewards
$5.4K
Total reward amount
Campaign ID0x92e1…36f1
Database ID323655…0780
Rules