---
title: "Lend USDe on Aave (looping required)"
description: "This campaign is part of Ethena’s Liquid Leverage program, with Merkl acting as the distribution partner in collaboration with the ACI. To be eligible, users must also borrow and maintain a health factor below 2.5."
canonical: "https://app-a.merkl.xyz/opportunities/16207430537057112392"
chain: "Monad"
protocol: "Aave"
type: "AAVE_SUPPLY"
page: 1
items: 25
totalPages: 1
updated: 2026-08-21T11:09:38.000Z
---

# Lend USDe on Aave (looping required)

## Back to

- [Opportunities index (HTML)](https://app-a.merkl.xyz/)
- [Monad chain (markdown)](https://app-a.merkl.xyz/chains/monad.md)
- [Aave protocol (markdown)](https://app-a.merkl.xyz/protocols/aave.md)

This campaign is part of Ethena’s Liquid Leverage program, with Merkl acting as the distribution partner in collaboration with the ACI. To be eligible, users must also borrow and maintain a health factor below 2.5.

## Key metrics

- **Total Value Locked**: $99,418,273.45
- **APR**: 4.57%
- **Native APR**: 0.43%
- **Daily rewards**: $11,204.38
- **Live campaigns**: 1
- **Chain**: Monad
- **Protocol**: Aave
- **Protocol trusted**: Yes — verified by DefiLlama (https://defillama.com/protocol/aave-v3)

## Tokens

- [USDe](https://app-a.merkl.xyz/tokens/USDe.md)
- [aMonUSDe](https://app-a.merkl.xyz/tokens/aMonUSDe.md)

## Campaigns — page 1 of 1 (9 total)

| Campaign | Status | Reward | APR | Daily $ | Start | End |
| --- | --- | --- | --- | --- | --- | --- |
| [0xbc1dc7…](https://app-a.merkl.xyz/opportunities/16207430537057112392/campaigns/0xbc1dc72aa149d87b8b8e314889c9cd8d51cfdf9d174b72ba8451021a28a8767d.md) | live | [aMonUSDe](https://app-a.merkl.xyz/tokens/aMonUSDe.md) | 4.57% | $11,204.38 | 2026-08-21 | 2026-08-28 |
| [0x0f8f7f…](https://app-a.merkl.xyz/opportunities/16207430537057112392/campaigns/0x0f8f7f5a79256386c3765b6d12f0fc5d76048f43e2900f63ba9d013200e3199e.md) | past | [aMonUSDe](https://app-a.merkl.xyz/tokens/aMonUSDe.md) | 0.00% | $0 | 2026-08-14 | 2026-08-21 |
| [0xda92b4…](https://app-a.merkl.xyz/opportunities/16207430537057112392/campaigns/0xda92b422d16e65ea1dbee4e0f08ada230eb6fce1e74f0e5693a12d11447443f5.md) | past | [aMonUSDe](https://app-a.merkl.xyz/tokens/aMonUSDe.md) | 0.00% | $0 | 2026-08-14 | 2026-08-18 |
| [0x0a20ac…](https://app-a.merkl.xyz/opportunities/16207430537057112392/campaigns/0x0a20ac7ded08c061292ecd79e4db06b842855394eb22e5cbe90ebf2936f7c4ee.md) | past | [aMonUSDe](https://app-a.merkl.xyz/tokens/aMonUSDe.md) | 0.00% | $0 | 2026-08-12 | 2026-08-14 |
| [0x3648eb…](https://app-a.merkl.xyz/opportunities/16207430537057112392/campaigns/0x3648eb99cee01e0a894380ef245af11616663817cfe8d0e96c5c8543abebeb31.md) | past | [aMonUSDe](https://app-a.merkl.xyz/tokens/aMonUSDe.md) | 0.00% | $0 | 2026-08-07 | 2026-08-14 |
| [0x12e202…](https://app-a.merkl.xyz/opportunities/16207430537057112392/campaigns/0x12e202805c35f280afdf82f7a4e3429b82660dc7aedbbfc726aed7fec762d2f4.md) | past | [aMonUSDe](https://app-a.merkl.xyz/tokens/aMonUSDe.md) | 0.00% | $0 | 2026-07-31 | 2026-08-07 |
| [0xbd189e…](https://app-a.merkl.xyz/opportunities/16207430537057112392/campaigns/0xbd189e7ed558398bd9041b27fa60ff9d341f6233127b3234add14700dc925b91.md) | past | [aMonUSDe](https://app-a.merkl.xyz/tokens/aMonUSDe.md) | 0.00% | $0 | 2026-07-24 | 2026-07-31 |
| [0xffcb15…](https://app-a.merkl.xyz/opportunities/16207430537057112392/campaigns/0xffcb15e57fb036cab520e002bdd88b4ef67b101846aec48e198b48fc86e21f7a.md) | past | [aMonUSDe](https://app-a.merkl.xyz/tokens/aMonUSDe.md) | 0.00% | $0 | 2026-07-17 | 2026-07-24 |
| [0x8e23a2…](https://app-a.merkl.xyz/opportunities/16207430537057112392/campaigns/0x8e23a2c74178e42d420b451020783677c390b61493264d788a3122371c711bd4.md) | past | [aMonUSDe](https://app-a.merkl.xyz/tokens/aMonUSDe.md) | 0.00% | $0 | 2026-07-10 | 2026-07-17 |

## Participate

- [Deposit](https://app.aave.com/reserve-overview/?underlyingAsset=0x5d3a1Ff2b6BAb83b63cd9AD0787074081a52ef34&marketName=proto_monad_v3)

## Links

- [Open in Merkl App (HTML)](https://app-a.merkl.xyz/opportunities/16207430537057112392)
- [Monad chain page](https://app-a.merkl.xyz/chains/monad)
- [Aave protocol page](https://app-a.merkl.xyz/protocols/aave)