Stablecoin
Why your stablecoin needs Merkl
Merkl is the leading stablecoin yield distribution infrastructure. We empower stablecoin issuers to redistribute their reserve yield to their users across any DeFi venue.$1.5B+Incentives distributed
200+Protocols integrated
60+Chains supported
Trusted by
Built for composable DeFi
Stablecoin holders are active across dozens of protocols, multiple chains, and layers of smart contracts. Merkl tracks all of it automatically, and distributes yield directly to them.
Reach users everywhere
Merkl supports most DeFi protocols, including top lending platforms such as Aave, Euler, or Morpho, letting you reach users everywhere in one go.Direct to the wallet
Merkl's forwarder system traces yield back through every layer of smart contracts to reach the actual user wallet.Built for multi-chain
Your stablecoin lives on multiple networks. Merkl supports 60+ chains and distributes rewards wherever your users hold and use it.Distribution that fits your strategy
Merkl's granularity lets you direct yield toward the user behaviors that actually matter for your growth.
Deposit in lending protocol
2%
Use as collateral
3%
Provide liquidity in AMM pool
5%
Save time. Save budget. Ship faster.
No dev work neededLaunch and adjust yield distribution campaigns in minutes. No smart contracts to write, audit, or maintain.
No overspendCustom eligibility filters ensure that yield goes to the right users and that you never distribute more than your reserve generates.
Seamless experienceEmbed yield distribution natively in your product via Merkl's API. Claiming is automatic for all eligible users, with no manual steps required.
Proven infrastructureThe same platform used by PayPal, Coinbase, Sky, and 200+ protocols worldwide to distribute rewards at scale.
