---
title: "Lend USDG on Aave V4"
description: "Earn rewards for net lending USDG on Aave V4 on Ethereum, net of USDG, USDT, USDC, GHO, RLUSD, frxUSD borrows"
canonical: "https://app-a.merkl.xyz/opportunities/742197597174337786"
chain: "Ethereum"
protocol: "Aave"
type: "AAVE_V4_HUB_NET_LENDING"
page: 1
items: 25
totalPages: 1
lastCampaignCreatedAt: 2026-10-15T13:03:53.000Z
generated: "2026-10-21T06:18:11.195Z"
---

# Lend USDG on Aave V4

## Back to

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

Earn rewards for net lending USDG on Aave V4 on Ethereum, net of USDG, USDT, USDC, GHO, RLUSD, frxUSD borrows

## Key metrics

- **Total Value Locked**: $57,009,535.37
- **APR**: 6.00%
- **Protocol APR**: 2.45%
- **Daily rewards**: $5,546.07
- **Live campaigns**: 1
- **Chain**: Ethereum
- **Protocol**: Aave
- **Protocol trusted**: Yes, verified by DefiLlama (https://defillama.com/protocol/aave-v3)

## Tokens

- [USDG](https://app-a.merkl.xyz/tokens/USDG.md)
- [GHO](https://app-a.merkl.xyz/tokens/GHO.md)
- [frxUSD](https://app-a.merkl.xyz/tokens/frxUSD.md)
- [USDC](https://app-a.merkl.xyz/tokens/USDC.md)
- [RLUSD](https://app-a.merkl.xyz/tokens/RLUSD.md)
- [USDT](https://app-a.merkl.xyz/tokens/USDT.md)

## Campaigns : page 1 of 1 (3 total)

| Campaign | Status | Reward | APR | Daily $ | Start | End |
| --- | --- | --- | --- | --- | --- | --- |
| [0xe8810f…](https://app-a.merkl.xyz/opportunities/742197597174337786/campaigns/0xe8810f99513d23d206dca5ee6870c437c9d19b39dcd19f2b8403bd9c7bd37ec1.md) | live | [USDG](https://app-a.merkl.xyz/tokens/USDG.md) | 6.00% | $5,546.07 | 2026-10-15 | 2026-10-22 |
| [0x57f4e0…](https://app-a.merkl.xyz/opportunities/742197597174337786/campaigns/0x57f4e0244caf36b6dccaa1af362d0265584bbe58938a250c7fb32684f864adcc.md) | past | [USDG](https://app-a.merkl.xyz/tokens/USDG.md) | 0.00% | $0 | 2026-10-08 | 2026-10-15 |
| [0x59a51a…](https://app-a.merkl.xyz/opportunities/742197597174337786/campaigns/0x59a51ac7dfaa113c7baa0e01f38249e4eae0117b7a28d86cbd498dcef95ae0bc.md) | past | [USDG](https://app-a.merkl.xyz/tokens/USDG.md) | 0.00% | $0 | 2026-10-01 | 2026-10-08 |

## Participate

- [Deposit](https://pro.aave.com/explore/asset/1/0xe343167631d89B6Ffc58B88d6b7fB0228795491D)

## Links

- [Open in Merkl App (HTML)](https://app-a.merkl.xyz/opportunities/742197597174337786)
- [Ethereum chain page](https://app-a.merkl.xyz/chains/ethereum)
- [Aave protocol page](https://app-a.merkl.xyz/protocols/aave)