Distribute tokens, yield, and dividends at scale
Stablecoin issuers, fintechs, protocols, and tokenized funds use Merkl to send any payout onchain
Euler
Aave
Coinbase
Sky
Robinhood
Morpho
Kraken
Ethena
PayPal
1inch
Trezor
Trust WalletEulerAaveCoinbaseSkyRobinhoodMorphoKrakenEthenaPayPal1inchTrezorTrust WalletDistribute for any use case
Stablecoin yield
Distribute yield to stablecoin holders based on activity, in compliance with crypto regulations
Learn moreEarn section
Power Earn sections in wallets, fintechs, and exchanges by adding yield on top of native rates
Learn moreTokenized assets
Distribute dividends, coupons, and yield to holders of tokenized shares, bonds, and funds
Learn morePrivate payments
Pay employees, contractors, and vendors onchain, without exposing addresses or amounts publicly
Learn moreBuild any distribution logic
APR models
Distribute as variable, fixed, capped, or target APR. Lock in guaranteed yields, cap maximum cost, or top up native yield automatically
Eligibility criteria
Set granular eligibility: OFAC checks, blacklist, minimum wallet balance, holding duration, new users only, or users coming through your interface
Custom architecture
When no existing model fits, our engine adapts and our team builds it. The hardest requirements become our configuration, not your engineering problem
Reach users wherever they hold value
Merkl's forwarders trace beneficial ownership through any layer of nested smart contracts. Whichever asset qualifies users for a distribution, Merkl reaches its holders whether they keep it in a wallet or deposit it in lending markets, vaults, or staking contracts.
Plug into millions of onchain users
Merkl has distributed to 4M+ unique wallets, with 200,000+ monthly active users on the Merkl App, actively searching for extra yield. When you distribute through Merkl, your users land on a platform many already know, claim from, and trust.
Power a native experience with the Merkl API
Show Merkl yield in your dashboard. Embed the claim experience in your app. Pull live distribution data into your interface. The Merkl API exposes the full stack so your users see everything natively, never leaving your product.
Run it yourself, or let us run it
Three ways to distribute on Merkl, depending on how hands-on you want to be
Our team configures campaigns and advises on strategy. You still make every call.
Everything in Self-Serve, plus
- Campaign configuration review
- Full campaign configuration50 campaigns/mo included
- Strategy design, calibration & review (advisory; you make the calls)
- Regular performance reviews
- Solution Architect1 day/mo
How top companies distribute through Merkl
Aave
How Aave and Merkl partner to scale incentives across DeFi lending markets
Read case studyMorpho
How Morpho leverages Merkl to power its lending curator ecosystem
Read case studyEthena
How Ethena and Merkl built a sophisticated liquidity leverage program
Read case studyTrust Wallet
How Trust Wallet empowered its millions of users with onchain rewards
Read case study
Stable
How Hourglass uses Merkl to reward long-term time-bound deposits
Read case study
Plasma
How Plasma bootstrapped stablecoin liquidity chain-wide with Merkl
Read case study
Optimism
How Optimism ran retro incentives across its Superchain with Merkl
Read case studyHear it from our clients
Getty
OKU (GFX Labs)
Merkl simplifies rewarding users for providing liquidity, whether directly to pools or through automated liquidity managers. This allows Oku users to easily claim their Uniswap v3 rewards without taking on additional smart contract risk.
Mark
Optimism
Partnering with Merkl allowed us to scale our liquidity initiatives across multiple chains with ease, driving over $100M in added liquidity and $66 in TVL per OP token distributed. Their support was key to the growth of the Optimism ecosystem.
Merlin
Morpho
Working with Merkl has been a real relief for our team. Instead of spending time and resources maintaining a complex in-house reward system, we can now focus fully on building the best lending experience.
Charlie
Hourglass
What convinced us to work with Merkl was their ability to adapt their architecture to our security requirements. They delivered a custom wrapper flow that made the refund seamless for users while ensuring Hourglass retained strict control over the vault at all times.
Martin
Aave Chan Initiative
Working with Merkl has made it much easier to run incentive programs on Aave. Their team is reliable, the integration is smooth, and it has allowed us to launch more ambitious rewards with less overhead.
