---
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."
canonical: "https://app-a.merkl.xyz/opportunities/8495869860536674397"
chain: "Plasma"
protocol: "Aave"
type: "AAVE_SUPPLY"
page: 1
items: 25
totalPages: 1
lastCampaignCreatedAt: 2026-09-18T11:36:57.000Z
generated: "2026-09-22T08:03:19.986Z"
---

# Lend USDe on Aave (looping required)

## Back to

- [Opportunities index (HTML)](https://app-a.merkl.xyz/)
- [Plasma chain (markdown)](https://app-a.merkl.xyz/chains/plasma.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.

## Key metrics

- **Total Value Locked**: $548,989,155.21
- **APR**: 4.75%
- **Native APR**: 0.39%
- **Daily rewards**: $65,516.4
- **Live campaigns**: 1
- **Chain**: Plasma
- **Protocol**: Aave
- **Protocol trusted**: Yes, verified by DefiLlama (https://defillama.com/protocol/aave-v3)

## Tokens

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

## Campaigns : page 1 of 1 (2 total)

| Campaign | Status | Reward | APR | Daily $ | Start | End |
| --- | --- | --- | --- | --- | --- | --- |
| [0xa30e70…](https://app-a.merkl.xyz/opportunities/8495869860536674397/campaigns/0xa30e70017d7cfa659dd86d6c71bac27a08ab8d132f912ce0ad1fe2bb149ae00d.md) | live | [aPlaUSDe](https://app-a.merkl.xyz/tokens/aPlaUSDe.md) | 4.75% | $65,516.4 | 2026-09-18 | 2026-09-25 |
| [0x23adf5…](https://app-a.merkl.xyz/opportunities/8495869860536674397/campaigns/0x23adf5c86a13acabf2af49964ba875e32f8adcf4412384f7d8b362e9e6766f64.md) | past | [aPlaUSDe](https://app-a.merkl.xyz/tokens/aPlaUSDe.md) | 0.00% | $0 | 2026-09-11 | 2026-09-18 |

## Participate

- [Deposit](https://app.aave.com/reserve-overview/?underlyingAsset=0x5d3a1Ff2b6BAb83b63cd9AD0787074081a52ef34&marketName=proto_plasma_v3)

## Links

- [Open in Merkl App (HTML)](https://app-a.merkl.xyz/opportunities/8495869860536674397)
- [Plasma chain page](https://app-a.merkl.xyz/chains/plasma)
- [Aave protocol page](https://app-a.merkl.xyz/protocols/aave)