---
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. To be eligible, users must also borrow and maintain a health factor below 2."
canonical: "https://app-merkl.angle.money/opportunities/11521673201667687989"
chain: "Ethereum"
protocol: "Aave"
type: "AAVE_SUPPLY"
page: 1
items: 25
totalPages: 1
lastCampaignCreatedAt: 2026-10-08T14:01:33.000Z
generated: "2026-10-14T11:48:30.651Z"
---

# Lend USDe on Aave (looping required)

## Back to

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

This campaign is part of Ethena’s Liquid Leverage program, with Merkl acting as the distribution partner. To be eligible, users must also borrow and maintain a health factor below 2.

## Key metrics

- **Total Value Locked**: $248,227,027.7
- **APR**: 4.75%
- **Protocol APR**: 0.30%
- **Daily rewards**: $30,254.01
- **Live campaigns**: 1
- **Chain**: Ethereum
- **Protocol**: Aave
- **Protocol trusted**: Yes, verified by DefiLlama (https://defillama.com/protocol/aave-v3)

## Tokens

- [aEthUSDe](https://app-merkl.angle.money/tokens/aEthUSDe.md)
- [USDe](https://app-merkl.angle.money/tokens/USDe.md)

## Campaigns : page 1 of 1 (5 total)

| Campaign | Status | Reward | APR | Daily $ | Start | End |
| --- | --- | --- | --- | --- | --- | --- |
| [0xa3729b…](https://app-merkl.angle.money/opportunities/11521673201667687989/campaigns/0xa3729b3ed4665153e02416f8fb2fd0f3e096505da7ea7f9aec4ec23af77a3729.md) | live | [aEthUSDe](https://app-merkl.angle.money/tokens/aEthUSDe.md) | 4.75% | $30,254.01 | 2026-10-09 | 2026-10-16 |
| [0x341db2…](https://app-merkl.angle.money/opportunities/11521673201667687989/campaigns/0x341db299cf107f13fb0d84cb63b73b3032250e4e6c132fb368af4eb396618783.md) | past | [aEthUSDe](https://app-merkl.angle.money/tokens/aEthUSDe.md) | 0.00% | $0 | 2026-10-02 | 2026-10-09 |
| [0x516e6f…](https://app-merkl.angle.money/opportunities/11521673201667687989/campaigns/0x516e6f75e916d760847029baf6ac096b1902ef8f497837d0d5e099e5503ce6cf.md) | past | [aEthUSDe](https://app-merkl.angle.money/tokens/aEthUSDe.md) | 0.00% | $0 | 2026-09-25 | 2026-10-02 |
| [0xb9f6b6…](https://app-merkl.angle.money/opportunities/11521673201667687989/campaigns/0xb9f6b63058ea288fa4dbf1fca42dc3543f54bbd09903747b3838e084b24981f7.md) | past | [aEthUSDe](https://app-merkl.angle.money/tokens/aEthUSDe.md) | 0.00% | $0 | 2026-09-18 | 2026-09-25 |
| [0x900219…](https://app-merkl.angle.money/opportunities/11521673201667687989/campaigns/0x9002195ef459b61ac2ec2c0f78663b3764bf0fecc1d6c87ad568fb6d964a0038.md) | past | [aEthUSDe](https://app-merkl.angle.money/tokens/aEthUSDe.md) | 0.00% | $0 | 2026-09-11 | 2026-09-18 |

## Participate

- [Deposit](https://app.aave.com/reserve-overview/?underlyingAsset=0x4c9EDD5852cd905f086C759E8383e09bff1E68B3&marketName=proto_mainnet_v3)

## Links

- [Open in Merkl App (HTML)](https://app-merkl.angle.money/opportunities/11521673201667687989)
- [Ethereum chain page](https://app-merkl.angle.money/chains/ethereum)
- [Aave protocol page](https://app-merkl.angle.money/protocols/aave)