# Ethena Liquid Leverage

Ethena’s Liquid Leverage allows users to deposit **50%** **sUSDe** and **50% USDe** into Aave and earn promotional rewards for **USDe** in addition to the normal **USDe** lending rate and **sUSDe's** native APY.

To become eligible for Liquid Leverage rewards for USDe deposits, users must:

* Supply a roughly 50/50 split of **USDe** and **sUSDe** as collateral. The 50/50 split is in regards to the dollar value, not the actual amount of **USDe** and **sUSDe**
* Be borrowing **USDC, USDT,** or **USDS**
* Complete looping the position at least once

We've been notified by the Ethena team that the split doesn't have to be exactly 50/50 - a small deviation in percentage is allowed.

It's not mandatory that the steps are followed in chronological order, since the main factor is that the resulting position meets all the criteria.

With that in mind, DeFi Saver has created a zap that achieves this in a single transaction, where users can enter with either **USDe** or **sUSDe** as collateral:

<details>

<summary>Show me how:</summary>

The first step is to navigate to the Trending page on the left-hand sidebar:

<figure><img src="https://2276946674-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fo1t7pGS5d15WeQzoQ3Fe%2Fuploads%2F1h6PEN89ADITVd9IqBrG%2FScreenshot%202025-08-13%20183537.png?alt=media&#x26;token=4902d95b-fefa-4525-b96a-cc8c8edd0201" alt=""><figcaption></figcaption></figure>

From there, click on the zap for Liquid Leverage, which will open a pop-up window:

<figure><img src="https://2276946674-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fo1t7pGS5d15WeQzoQ3Fe%2Fuploads%2FM8QOzZI3etfeh90kvlmF%2FScreenshot%202025-08-13%20184623.png?alt=media&#x26;token=85a40192-0679-4ae7-8cf3-ec937ff9c286" alt=""><figcaption></figcaption></figure>

In this pop-up window, you'll be able to:<br>

* Select which token you'd like to start the leveraging with
* Input the amount you'd like to leverage
* Set the leverage amount
* Choose the debt asset
* Set the slippage limit

On the right-hand side, you'll see a preview of your position, along with important metrics such as the estimated trade size impact, and swap rates.

When everything looks good with the setup, click on "Create".

Once successful, you'll now be able to access your Aave Liquid Leverage position by opening it from the Portfolio page, or opening the Aave dashboard on DeFi Saver.

{% hint style="info" %}
*Since your position will be on a Safe smart wallet,*[ *you'll be able to view your position and assets on other apps by connecting your Safe to them.*](https://help.defisaver.com/general/smart-wallets/connecting-your-safe-wallet-to-third-party-apps)
{% endhint %}

</details>

Liquid Leverage also addresses the 7-day unstaking cooldown issue for sUSDe users. By maintaining at least half the position in USDe and employing leverage, it creates a loop that keeps a portion of the funds liquid, free from the 7-day cooldown constraint.

{% hint style="info" %}
*For more information on Ethena Liquid Leverage, please refer to the following Knowledge Base articles:*<br>

* [Claiming Merkl rewards for Liquid Leverage](https://help.defisaver.com/protocols/aave/ethena-liquid-leveraging-on-aave-in-one-transaction/claiming-merkl-rewards-for-liquid-leverage)
* [How to unwind a Liquid Leverage position](https://help.defisaver.com/protocols/aave/ethena-liquid-leveraging-on-aave-in-one-transaction/how-to-unwind-a-liquid-leverage-position)
* [How do I add more collateral to my Liquid Leverage position while maintaining a 50/50 split?](https://help.defisaver.com/protocols/aave/ethena-liquid-leveraging-on-aave-in-one-transaction/how-do-i-add-more-collateral-to-my-liquid-leverage-position-while-maintaining-a-50-50-split)
  {% endhint %}