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. The rate provided to eligible users will change week by week, but will be roughly in line with the sUSDe rate less the USDe supply rate earned for the foreseeable future. To be eligible, users must also borrow USDC or USDT and maintain a health factor below 2.5.
3.75%
Merkl APR3.75%
Daily Rewards

$10.17K

$138.82M

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

Active reward 1
5d left
Target APR3.75%
Dates
26 Jun 202603 Jul 2026
Reward chain
Distribution strategy
Target Total APR
Target APR

3.75%

Total reward amount
Campaign ID
0x9aaa…13f3
Database ID
111174…1797