Token holding
Reward users for holding any ERC-20 token in their wallet, based on their balance over time, similar to staking contracts but with greater flexibility
What you get
No need for users to deposit funds in a smart contract (e.g. staking) to get rewards. No risks
Reward token holders, even when their assets are held in third-party contracts rather than directly in their wallets
Check live token holding campaigns
Explore the token holding campaigns currently live in the Merkl App. Review their parameters, track TVL and APR evolution, and see how they are performing.

Incentivize any use case
Liquidity provisioning
Learn more →Lending & borrowing
Learn more →Point system
Learn more →Airdrop
Learn more →Grant distribution
Learn more →Token launch
Learn more →Stablecoin
Learn more →Don't see your use case?
Send us a message →Start incentivizing in seconds
Specify the token users must hold to earn rewards, and the chain it’s on
Discover how top projects grow using Merkl
FAQ
Merkl supports a wide range of incentive campaign types across 50+ chains:
- Liquidity incentives for concentrated liquidity pools (CLAMM) like Uniswap v3 & v4
- Lending & borrowing incentives across protocols like Aave, Morpho, and Euler
- Airdrops (to a predefined list or users meeting specific criteria)
- Rewards for ERC20 token holders, based on their balance over time (e.g., LP token holders)
- Point systems to drive engagement and retention
And we're constantly expanding with new use cases!
Campaign creation comes with a 3% maintenance fee, except for airdrop campaigns, which have a reduced 0.5% fee. Merkl is free for retail users, aside from gas fees.
For custom or long-term incentive programs, reach out to us — we’d be happy to discuss tailored pricing!
Choosing the right incentive strategy depends on your goals and needs. For instance, during a token launch, it’s often best to hold off on incentives until the price stabilizes, whereas for a stablecoin, building a liquidity wall can be a smart move. These are just a couple of many possible approaches.
Additionally, optimizing a campaign also means selecting the right reward distribution model—whether it's a fixed reward rate, variable reward rate, or event-based rewards (e.g., swaps, follows on X, etc.).
Distributing incentives with Merkl is quick and easy. Just head over to Merkl Studio, set up your campaign parameters (amount, chain, dates, etc.), and launch it in a few clicks!
If you're planning a large-scale incentive program, need advanced customization, or have any questions along the way, feel free to reach out — we’re here to help!


