Aave, a decentralized finance platform, has launched the Merit Program offering $5 million in rewards over 90 days. Users trading on Aave via certain platforms are eligible for these rewards. The program includes rewards for USDC lenders and weekly distributions of revenue to active users and DAO treasury.
Aave Chan Initiative - ACI ( @AaveChan ) has approved $2.1M in ETH and 2.9M GHO for the 90-day Merit Rewards Program on AAVE The program has been dropping weekly rewards to active users, see how you can earn yours👇🧵
Told ya: composability pays off. If you’ve traded on Aave via Contango, you’re now eligible for Merit rewards (mainnet users only). Merit is a new blue-chip incentive program by @aave. Claim via the interface mentioned below: https://t.co/4ApxiCzJKR
Weekly revenue of 11.22 ETH has been distributed: - 50% to active rewards - 50% to DAO treasury