Lend USDG on Aave (net lending)
Campaign check · Ethereum · Aave · 13 Jan 2026 to 10 Feb 2026 · 2 reward periodsFor every dollar still deposited 30 days after the rewards stopped, the program paid $0.0033 in rewards.
Deposits
before, at the end, afterSource: on-chain totalSupply(), priced daily.
Against the same asset
benchmarkNo peer pools with history on these days.
Share-adjusted figures use the asset's total on-chain supply, the method of the DRIP Season 1 study. Peer pools come from DefiLlama, net of borrows.
What to keep in mind
Grew after the end. Deposits rose after the rewards stopped; only the $33.1M added during the program is credited.
New vault. Almost no deposits before the program, so some may have moved in from elsewhere.
How this was measured
Rewards: each reward period's amount, spread evenly over its days and priced with that day's DefiLlama price. Days without a price are listed, never filled in.
Deposits: read the day before the program started, on its last paid day, and 7 and 30 days after the rewards stopped. When the same funder moved the program to another Merkl listing with no break of more than a week, both listings count as one program. Only growth up to the last paid day is credited. Cost per retained dollar is withheld when other campaigns paid the same deposits, rewards continued after the end, the campaign was under half of the pool, or deposits grew less than 5% during the program.
Merkl opportunity 18096564882902153004. Research only, not investment advice.