How Lending Incentives Are Distributed
XLend Lending Pools distribute all incentives through Merkl, a DeFi incentive platform that connects liquidity providers with protocols seeking to boost activity and engagement.
This distribution method applies to both Net Deposit Rewards and Supply & Borrow Rewards across all eligible markets on OP Mainnet and Base.
🔧 How It Works
Merkl smart contracts configure and issue incentives.
User eligibility and reward amounts are calculated by Merkl based on on-chain data (supply, borrow, net deposit).
Rewards stream continuously and are claimable in real time.
Merkl defines the exact logic and parameters for each incentive campaign.
XLend displays estimated APRs and claimable rewards by integrating Merkl data, but doesn't directly control distribution.
Users can claim rewards through either XLend or the Merkl Claim Portal.
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