Monthly Recap: March 2026 – Merkl Pay, Gas Rebate Campaigns, and More

March was packed at Merkl. New campaign types, major product launches, new chains, and another year at EthCC in Cannes.

Here is everything that shipped and happened in March.

Incentives campaigns

Several notable campaigns went live in March, spanning new use cases and new ecosystems:

• Glider on Base
  Glider, a platform for automated onchain portfolio management, launched an incentive campaign on Base via Merkl. The campaign rewards users who deposit into Glider's Boosted ETF Strategy with a minimum of $150.
• First Incentive Campaigns on Citrea
  Four campaigns went live on Citrea in March, all distributed via Merkl. SatsumaDEX launched two campaigns rewarding liquidity providers on the WCBTC/ctUSD and ctUSD/GUSD pools. Ichi also launched two vault campaigns on the same pairs. All campaigns distribute $ctUSD rewards.
• New Sky Vaults
  Sky launched two new Morpho vaults with rewards distributed via Merkl. The USDS Flagship Vault lets users supply $USDS to get exposure to the Sky Savings Rate, with weekly $USDS incentives distributed over four weeks. The USDT Savings Vault follows the same structure, distributing up to 150,000 $USDT in total to suppliers. Both vaults are deployed on Morpho on Ethereum.
• StakeDAO
  StakeDAO launched a new frxUSD curated vault on Morpho, with a bootstrapping campaign run via Merkl. Users who supply $frxUSD to the vault earn yield from lending against Curve OnlyBoost LP collateral, topped with additional incentives from Frax Finance, Metronome DAO, and StakeDAO itself.
• Aerodrome Gas Rebate on the Base app
  Aerodrome ran the first gas rebate campaign on Merkl on the Base app. Users get 200% cashback on their gas usage, paid in $USDC, up to $25 per address. veAERO holders earn an extra 200% rebate, bringing the total cap to $50 per address. More on how this campaign type works in the New Features for Protocols section below.

Chains supported

Tempo is now supported on Merkl. Protocol teams building on Tempo can distribute incentives and manage reward campaigns directly from Merkl Studio. Users can now earn rewards on Tempo by participating in live campaigns on the Merkl App.

New features

March brought new features for both users and campaign creators.

For users

Merkl Pay

Merkl Pay is now live. It enables private onchain token transfers across 60+ chains, with zero fees and no KYC required. Transfers are processed through the Merkl contract, which pools funds before distribution, making amounts hard to trace and impossible to link to a specific sender or recipient address.

Binance Wallet integration

Binance Wallet is now supported in the Merkl App. Users can connect their Binance Wallet to claim rewards, browse opportunities, and manage their positions.

For protocols

Merkl Pay

Merkl Pay is also available to protocols and companies for operational use cases. Teams can now send tokens to contributors and employees, set up vesting programs, or run private airdrop distributions, without exposing individual transaction details onchain.

Token vesting

Web3 teams can now set up fully customizable vesting schedules for employees and investors using Merkl: linear, cliff, stepped, timelock, exponential, or any combination. This new vesting feature is built on Merkl's private campaign infrastructure. Each recipient's allocation stays confidential onchain.

Stable APY Campaigns

Merkl now supports stable APY campaigns. Protocols can set a target APY for their incentive campaign, and Merkl automatically adjusts reward distribution to offset fluctuations in the native yield. Users always see the return the protocol promised, no matter what the market does.

Gas rebate campaigns

Protocols can now run gas rebate campaigns on Merkl. Rewards are distributed to users based on the gas they spend executing eligible transactions, with protocols free to set cashback rates and per-address caps. This campaign type is particularly well suited for protocols that want to reduce friction for high-frequency actions like swaps, votes, or governance participation. Aerodrome was the first to run one on Base. See the Incentive Campaigns section above for details.

Campaign sorting in Merkl Studio

Campaign creators can now sort their active opportunities in Merkl Studio by what is ending soonest or by the latest arrivals. This makes it easier to manage large campaign portfolios and prioritize actions before campaigns expire.

Merkl at EthCC

Merkl was at EthCC[9] in Cannes in March. The team hosted a booth throughout the conference, meeting protocols, chain teams, and users in person. It was an opportunity to strengthen relationships across the ecosystem and answer questions directly from builders and users who stopped by. Guillaume spoke at Stable Summit, and Pablo took the stage at the main EthCC venue.

Conclusion

March was one of Merkl's most feature-dense months yet. From brand new campaign types like gas rebates and stable APY, to Merkl Pay going live for everyone, the platform shipped across the board. More chains, more protocols, more ways to earn and distribute rewards.

Don't miss next month's recap!