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 or USDT and maintain a health factor below 2.5.
5.11%
Protocol APR1.48%
Merkl APR3.63%
Daily Rewards

$14.95K

TVL

$150.26M

What you need
What you earn
Missing assets?
1 active
0 upcoming
3 past

Active Reward 1
4d left
APR3.63%
Campaign Information
Dates
29 May 202605 Jun 2026
Reward chain
Distribution strategyCapped Reward Rate
APR cap

3.75%

Total reward amount
Campaign ID0xe51e…b2c9
Database ID101603…2973
Rules