# Ethena Liquid Leveraging on Aave in one transaction

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 our Recipe Creator tool.

From there, you'll see the "Ethena x Aave Liquid Leverage" zap:

<figure><img src="https://2276946674-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fo1t7pGS5d15WeQzoQ3Fe%2Fuploads%2FqlzJQVARIqWBIfZnjI5w%2FScreenshot%202025-07-30%20143613.png?alt=media&#x26;token=29939f14-825c-4866-b0b8-4178879bda81" alt=""><figcaption></figcaption></figure>

Clicking the zap 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%2Fy4cVSvQdTg9LFKf6cYSB%2FScreenshot%202025-07-30%20143647.png?alt=media&#x26;token=ef60964b-7c54-4512-ac38-dd2b51bd18eb" alt=""><figcaption></figcaption></figure>

From there - you'll be able to select which asset you want to supply, as well as the debt asset.

By clicking on the "Behind the scenes" tab, you'll see a detailed breakdown of the steps our zap uses to reach the position in a single transaction.

On the "Details" tab, you'll get a preview of what the position will look like before executing the zap:

<figure><img src="https://2276946674-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fo1t7pGS5d15WeQzoQ3Fe%2Fuploads%2FSmFpCZkM2i1VcJASWIU7%2FScreenshot%202025-07-30%20144442.png?alt=media&#x26;token=5f4b8b13-964c-43a3-96df-082e57f09cd2" alt=""><figcaption></figcaption></figure>

Once everything checks out - click on "Execute"

{% hint style="info" %}
*This zap contains a sell action which includes a service fee of 0.01%.*
{% 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="warning" %}
*There are two main costs with opening and closing a liquid leverage position.*\
\
*When the position is being opened, DeFi Saver's recipe is staking USDe for sUSDe, which provides a non-optimal rate compared to swapping it directly on the market - this impacts the position's net balance as, when repaying using the sUSDe part of the position, it's being swapped for the market price, while it's being acquired at the staking rate.*<br>

*If, instead of using the "Repay" tool to swap sUSDe and clear part of the debt - you decide to withdraw and unstake your sUSDe, you'll have a 7-day period during which you're paying borrow APY with a lower amount of sUSDe earning supply APY.*

*To learn more about the unwinding options for your liquid leverage position,* [*please visit our Knowledge Base article.*](https://help.defisaver.com/protocols/aave/ethena-liquid-leveraging-on-aave-in-one-transaction/how-to-unwind-a-liquid-leverage-position)
{% endhint %}

***

## Related Articles:

* [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)


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