merkl18

what's merkl?

Merkl is a DeFi platform specializing in incentive distribution to boost liquidity and growth across blockchain ecosystems. It enables projects to reward liquidity providers, launch airdrops, and implement point systems for targeted on-chain activities like lending, borrowing, and trading. Merkl powers reward campaigns for protocols such as Aave, Morpho, Uniswap, and others on chains including Arbitrum, Sonic, and Ethereum. Users can discover and participate in opportunities to earn tokens and yields through its interface. The platform facilitates efficient incentive management, helping DeFi projects attract and retain liquidity.

Snapshot

Merkl launched a new campaign on Morpho for EURC deposits on Base.

15H ago
ONCHAIN METRICS

Processed $1M in private transfers within the first week of launch.

1D ago
PARTNERSHIP

Will distribute remaining funds from EURA and USDA stablecoin wind-down via airdrop over a one-year period starting 2027-02-26.

5D ago
FINANCIAL EVENT

Distributes 9.5 million MNT and GHO tokens over 6 months for Aave v3 suppliers on Mantle, including 8 million MNT from Mantle and 1.5 million GHO from Aave, in collaboration with ACI, supporting 10 assets.

1W ago
PARTNERSHIP

Established partnerships with major stablecoin issuers on yield redistribution infrastructure during 2025.

PARTNERSHIP

Integrated with Spectra MetaVault template for liquidity provider automation and vault management.

FINANCIAL EVENT

Offers up to 10% APR in FXN tokens as rewards for users who mint fxUSD through f(x) Protocol integration

2W ago
PARTNERSHIP

Waived campaign creation fee for Balancer's whitehat-rescued funds distribution following the November 3rd V2 incident.

PARTNERSHIP

Announces Celo-USDT pool on Uniswap by providing proof of humanity integration with Self Protocol.

PARTNERSHIP

Supercharges Euler Finance incentives for USDC borrowing with ynRWAx, providing approximately 20% APR extra incentives.

3W ago
MARKET ACTIVITY

Launched a new campaign on Morpho for EURC deposits on Base.

1M ago
VISIBILITY EVENT

Sponsors EthCC[9] conference at Palais des Festivals in Cannes, scheduled to host 6,500+ builders, founders, and investors with 250+ speakers and 15 tracks.

MARKET ACTIVITY

Distributes approximately $32,000 in incentives weekly via Merkl for liquidity providers of MON/USDC pairs on Uniswap V4.

ONCHAIN METRICS

LVWETH-WETH pool on Ethereum has achieved $25.95M TVL with 26.95% current APY and 32.97% 30-day average APY.

TECH EVENT

Launched Private Campaigns feature to hide parameters and recipient lists, making deposits into the distributor contract untraceable to the claims they fund.

PARTNERSHIP

Integrated with Dolomite, distributing WLFI token rewards for USD1 suppliers and DRIP rewards for USDC/ETH lenders on Arbitrum.

PARTNERSHIP

Integrated with Altura to enable seamless and verifiable reward claims for their liquidity incentive program.

2M ago
TECH EVENT

Completed a full rebrand in 2025, introducing a new app and website.

FINANCIAL EVENT

Processed over $1.5B in reward distributions in 2025 across over 20,000 campaigns.

PARTNERSHIP

Integrated with Liquity Protocol to distribute BOLD rewards to BOLD/USDC liquidity providers on Uniswap, with rewards funded by Liquity protocol revenue and allocated by LQTY stakers.

PARTNERSHIP

Launches partnership with yieldseekerxyz for boosted 14-18% automated yields on stablecoins.

LP holders of Fishing Frenzy's $FISH token receive rewards distributed through Merkl.

Penpie pools indexed on Merkl now actively distribute up to 4.6% APR in WXPL rewards daily, layered on top of boosted PENDLE yields and ecosystem loyalty points.

Stable yield farming opportunities are now available on Monad blockchain through Merkl.

PlasmaUSD on Plasma platform distributes claimable WXPL rewards through Merkl, with liquidity routed through Equilibria receiving full vePENDLE boost on top of base APY.

Upcoming sUSDe and USDe pools on Penpie distribute WXPL rewards through Merkl with boosted PENDLE yields.

Steer Protocol managed Uniswap pools on SagaEVM distribute rewards through Merkl, with stablecoin pairs MUST-D, MUST-USDC, and D-USDC earning 123% to 236% APR.

Over 20 Uniswap pools on Celo receive ongoing liquidity mining incentives through Merkl for 12+ months, including USDT/CELO at 51.07% APY and USDT/cREAL at 42.64% APY.

STABLE token claims for Stable Pre-Deposit Program Phase 2 participants are now available on Merkl following Stable protocol's mainnet launch.

Penpie pools listed on Merkl earn up to ~9% APR in WXPL rewards, stackable with boosted PENDLE yields and loyalty points from ecosystem partners.

CarbonDeFi on TacBuild offers up to 74% APR rewards distributed via Merkl for 4 more weeks on LBTC, WETH, USDT, and cbBTC pools, with rewards applying to all liquidity within ±2% of market price.

Curve pools on Monad distribute rewards through Merkl, with WBTC/LBTC/BTC.b pool earning 15% from 30k MON daily incentives at $2.3m TVL and AZND/AUSD pool earning 30%+ APR.

AaveChan uses Merkl to incentivize syrupUSDT collateral borrowers on Aave, providing reduced borrowing rates at 3.94% net APY for USDT borrowing.

Runs week 2 of rewards program on Monad network, powering incentives for USDC supply on Euler Finance (12% APR), Upshift (30% APR at 21M TVL), Uniswap V4 (37% APR), Curvance (37% APR), and Curve Finance (50%+ APR delta neutral strategies).

3M ago

Merkl warns users about phishing scams involving fake reward emails and emphasizes rewards should only be claimed via the official dashboard.

Equilibria distributes WXPL rewards via Merkl on Plasma network for users depositing Yuzu Money's syzUSD/yzUSD or moving Pendle LP/PT positions into their platform.

Merkl integrates with Tydro's INK token farming program as a point claiming platform for the 13-week incentive period ending January 14th 2026.

The $18,000 audit competition starts now and runs for 6 days.

CarbonDeFi on TacBuild offers five additional weeks of rewards with 41-89% APR on LBTC/WETH, LBTC/USDT, cbBTC/USDT, cbBTC/WETH, and WETH/USDT pairs, with rewards distributed via Merkl on liquidity within ±2% of market price.

WXPL rewards go live on Penpiexyz on Plasma network for stablecoin LPs across 10 pools, offering up to 12% APR via Merkl with boosted PENDLE yields and loyalty points.

Merkl enters a competitive audit collaboration to secure their codebase, with the audit scheduled to run for 6 days.

Integrated Bancor rewards on CarbonDeFi on Celo network, offering 526% APR for CELO/USDGLO liquidity and daily rewards for USDm, USDGLO, and CELO pools.

fUSDT0 delivers 7% APY on Pendle, rising to more than 11% through Equilibria with extra WXPL rewards distributed via Merkl.

Over $634M USDC in overflow refunds from Stable Pre-Deposit Program Phase 2 becomes claimable through Merkl, with remaining deployed balance to be claimable at campaign end.

TheTNetwork Bitcoin rewards become claimable on Merkl for MUSD minters and Vault depositors, with a $500 MUSD bonus campaign.

Merkl launches $50,000 RBTC incentive program on Rootstock distributed over 2 months.

PlasmaUSD APY on Plasma drops to above 7% from the previously reported over 10%, with vePENDLE boost reduced to 240% from 250%, while WXPL rewards continue to be distributed through Merkl.

Carbon DeFi on TacBuild offers APRs ranging from 77% to 177% across five trading pairs (LBTC/USDT, cbBTC/USDT, LBTC/WETH, WETH/USDT, cbBTC/WETH) with rewards on liquidity within ±2% of market price distributed via Merkl.

YuzuMoney's yzUSD achieves over 38% APY on Plasma through Equilibria's 250% vePENDLE boost, with WXPL rewards distributed through Merkl.

Carbon DeFi Round 4 goes live on TacBuild with APRs ranging from 31% - 94% across five trading pairs including LBTC/USDT, cbBTC/USDT, LBTC/WETH, cbBTC/WETH, and WETH/USDT, running through January 1.

PlasmaUSD on Plasma earns over 10% APY through Equilibria's 250% vePENDLE boost, with WXPL rewards claimable via Merkl.

INFINIT Labs launches automated strategies for Arbitrum DRIP with ARB rewards distributed through Merkl every 2 weeks until program ends January 20, 2026.

Distributes USDGLO rewards for liquidity provision on Carbon DeFi on Celo network, covering USDm/USDGLO and CELO/USDGLO trading pairs.

Midas mHYPER USD pools on Plasma increase to 23%+ APY (up from 19%) with 230% vePENDLE boost (up from 220%), with WXPL rewards claimable via Merkl plus points from six integrated protocols.

4M ago

Arbitrum lending markets experience strong growth through DRIP program, with Morpho, Fluid, Euler, and Silo as top protocols and syrupUSDC, thBILL, USDai/sUSDai, RLP, wstUSR, and sUSDC as top assets. Program designed by Entropy Advisors and funded by Arbitrum DAO.

NAV-USDC liquidity pool goes live on Quickswap Base with weekly reward campaigns through Merkl, distributing NAV and QUICK tokens to liquidity providers.

A scam Euler vault and incentive campaign created by a bad actor was identified and removed from the platform, prompting development of enhanced safeguards and metadata parsing improvements to detect risky vaults and prevent future fraudulent campaigns.

fUSDT0 pool from 0xfluid offers 11% boosted Pendle APY (up from ~7% base) through Equilibria's full vePENDLE boost, with WXPL rewards claimable via Merkl.

Midas mHYPER USD pool on Plasma reaches nearly 1.5M TVL with 19% boosted Pendle APY and 220% vePENDLE boost from Equilibria, offering WXPL rewards claimable via Merkl.

New liquidity campaign for wETH/LYX pool goes live Oct 23-Nov 6 through Steer Protocol, offering $2.3K+ weekly LYX rewards across 2 streams with 170%+ total APR and higher rewards percentage for wETH deposits.

TYDRO, an Aave fork on Kraken's INK blockchain, runs a points program via Merkl supporting BTC, ETH, and USDC with CCTP integration.

$TAC Rewards Round 4 goes live on CarbonDeFi on TAC Build from Oct 24-Jan 1, with Merkl distributing rewards across cbBTC/WETH, cbBTC/USDT, LBTC/WETH, LBTC/USDT, and WETH/USDT pairs.

splUSD reaches almost 6M TVL on Plasma, featuring 130% vePENDLE boost that increases base 12% APY to above 15% boosted yields plus WXPL rewards via Merkl.

aUSDT0 pool goes live on Equilibria with 250% vePENDLE boost and WXPL rewards claimable via Merkl on Plasma network.

PlasmaUSD pool on Equilibria offers 16%+ boosted returns (from 10.1% base APY) with 250% vePENDLE boost and WXPL rewards distributed through Merkl, accumulating over $4M TVL.

wETH/LYX pool liquidity mining campaign launches via Steer Protocol from October 17-23, featuring over $2,500 weekly LYX rewards and 150%+ APR with higher rewards for wETH deposits.

Ethereum Foundation claims their first Morpho-earned rewards on the platform.

splUSD pool goes live on Equilibria featuring Merkl-distributed WXPL rewards with up to 250% vePENDLE boost and Midas infrastructure backing.

Carbon DeFi on TacBuild offers liquidity mining through October 23rd with over 100% APR rewards distributed through Merkl for liquidity within ±2% of market price across TAC, cbBTC, WETH, LBTC, USDT, and TON.

DRIP campaign launches on Dolomite with ARB rewards for ETH borrowing, distributed through Merkl.

The PlasmaUSD pool on Equilibria hits over 17% APY, featuring boosted PENDLE emissions and Merkl-distributed WXPL rewards with up to 250% vePENDLE boost.

USDe LPs on Plasma earn over 9% APY (up from 5.53% base) powered by Equilibria's 250% vePENDLE boost, with 60x Ethena Sats and WXPL rewards distributed through Merkl.

The $sUSDe pool goes live on Penpie offering Merkl-distributed WXPL incentives, boosted PENDLE rewards, and 20x Ethena Sats, accumulating over $5.9M in deposits.

The PlasmaUSD pool on Penpie reaches $6.4M TVL following its recent launch with Merkl-distributed WXPL rewards and PENDLE yields.

Morpho Labs aMUSD/USDC vault goes live with double MUSD reward incentives distributed through Merkl for depositors who deposit MUSD and borrow USDC.

New aUSDT0 (Aave) and fUSDT0 (Fluid) stablecoin pools go live on Penpie platform with boosted WXPL rewards distributed through Merkl, alongside PENDLE rewards. Direct claiming functionality for WXPL rewards is now available.

New PlasmaUSD liquidity pool goes live on Penpie platform offering 25% APY paid in boosted PENDLE yields and WXLP rewards distributed through Merkl for Pendle LP token depositors.

New USDai/sUSDai liquidity pools go live on Penpie platform with boosted WXLP rewards distributed through Merkl, offering combined APY up to 55% for LP token depositors utilizing Pendle integration.

5M ago

Daily subsidy distribution exceeds $1M across the platform, indicating substantial incentive program activity.

Launches new PIL proposal for BOLD/USDC pool on Uniswap v4 with 75%/20%/5% reward distribution structure, enabling LQTY staker voting and LP deposits.

Second round of ETH/LYX liquidity incentive campaign goes live with boosted rewards on Uniswap.

New yoEUR yield farming opportunity goes live with 9% APR rewards distributed in yoEUR.

Yearn OG USDC vault on Morpho Labs reaches $1.5M deposits on Arbitrum, with depositors earning base yields plus daily drip rewards through active DRIP campaign.

Dolomite protocol integrates reward distribution services for new BYUSD yield farming program offering 18.17% total APY.

Merkl completed a three-month Unichain incentive campaign in collaboration with Uniswap Foundation, achieving $33B volume (exceeding $22.5B target) with $1,000+ volume gain per dollar spent.

New ETH/LYX liquidity mining campaign launches with $2,800 weekly rewards and up to 140% boosted APR on $500k TVL from Sep 4-11.

Liquidity providers earn 104% APR for providing within ±2% of market price with auto-compounding feature on CarbonDeFi.

6M ago

ENQAI token launches Merkl staking rewards program running August 26 - October 26, requiring 100k+ tokens for daily rewards.

TAC rewards program active through September 19th with Merkl distribution.

RED staking program distributes months 3-5 EIGEN rewards with 30% boost via Merkl.

Lazy Summer Protocol migrates staking rewards distribution to Merkl platform for SUMR tokens and Lazy Vaults.

New LayerBank integration launches with BTC-native rewards for RBTC, ETH, and USDT markets through Rootstock partnership.

7M ago

New Block Party campaign launches with Nibiru Chain, offering Aura farming rewards through Merkl and Galxe tasks.

New liquidity mining rewards program launches on Carbondefi through tac_build integration.

New Euler Finance integration offers 15% total APY for USDC lending with Merkl rewards and YO points boost.

New FXH token begins trading with Merkl-powered LP rewards program offering FXH rewards for liquidity providers.

New uSOL trading pairs launch on SushiSwap and Katana with $1M TVL; incentives program pending.

8M ago

Multiple integrations launch: Bitcoin-backed stablecoins via Avalon (10% APY), cross-chain WNIBI bridging, and ICHI vaults across 35+ AMMs.

New FalconStable incentive program offers 70-1120% APR for USDf/USDT LP pairs with $7M TVL

Nibiru EVM launches with Block Party activation, featuring uncapped Aura rewards for liquidity providers.

Merkl powers new Uniswap incentive program on Unichain with Pyth Network integration.