---
title: "Borrow ETH using cbETH as collateral on Aave"
description: "Earn rewards by borrowing ETH using cbETH as collateral on Aave on Base"
canonical: "https://app-merkl.angle.money/opportunities/7267850615864866485"
chain: "Base"
protocol: "Aave"
type: "MULTILOG_DUTCH"
page: 1
items: 25
totalPages: 1
updated: 2026-06-26T09:57:33.000Z
---

# Borrow ETH using cbETH as collateral on Aave

## Back to

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

Earn rewards by borrowing ETH using cbETH as collateral on Aave on Base

## Key metrics

- **Total Value Locked**: $24,795,783.38
- **APR**: 0.84%
- **Native APR**: —
- **Daily rewards**: $568.84
- **Live campaigns**: 1
- **Chain**: Base
- **Protocol**: Aave

## Tokens

- [cbETH](https://app-merkl.angle.money/tokens/cbETH.md)
- [aBascbETH](https://app-merkl.angle.money/tokens/aBascbETH.md)

## Campaigns — page 1 of 1 (2 total)

| Campaign | Status | Reward | APR | Daily $ | Start | End |
| --- | --- | --- | --- | --- | --- | --- |
| [0x1d3f9c…](https://app-merkl.angle.money/opportunities/7267850615864866485/campaigns/0x1d3f9c3bb767601a5b65f1b26f875751e355f5b8e971414b8e1850592de209e1.md) | live | [aBascbETH](https://app-merkl.angle.money/tokens/aBascbETH.md) | 0.84% | $568.84 | 2026-06-26 | 2026-07-03 |
| [0xbcaf95…](https://app-merkl.angle.money/opportunities/7267850615864866485/campaigns/0xbcaf95c4846ffd5659f43894a953b44d580ae19dd975e9aea3ca7b302264a8d8.md) | past | [aBascbETH](https://app-merkl.angle.money/tokens/aBascbETH.md) | 0.00% | $0 | 2026-06-19 | 2026-06-26 |

## Participate

- [Deposit](https://app.aave.com/reserve-overview/?underlyingAsset=0x2Ae3F1Ec7F1F5012CFEab0185bfc7aa3cf0DEc22&marketName=proto_base_v3)

## Links

- [Open in Merkl App (HTML)](https://app-merkl.angle.money/opportunities/7267850615864866485)
- [Base chain page](https://app-merkl.angle.money/chains/base)
- [Aave protocol page](https://app-merkl.angle.money/protocols/aave)