Stabull Expands Liquidity Mining Distribution via Merkl
Following the successful pilot of using Merkl to distribute our Liquidity Mining Rewards on Base, we’re excited to announce the next phase of our rollout.
We will soon disable new rewards via our own Staking Vaults for LP tokens, and rewards will become claimable for all chains (Base, Polygon, Ethereum) by connecting your wallet to the Merkl Dashboard.
You can easily view all campaigns across all chains and their corresponding rewards at https://app.merkl.xyz/protocols/stabull.
Important Dates
To complete this transition, we’ll set reward emissions in Stabull Vaults to at approximately 8pm UTC on Monday November 10th, 2025.
However, the Vault pages themselves will remain live for several months to allow LPs to claim accrued rewards.
The ability to stake LP tokens into the Vaults will be disabled, though unstaking and claiming rewards will remain available.
When we eventually remove this from the dApp, please note that unstaking and claiming rewards will always be available via the smart contracts. We’ll publish a knowledge base article in due course with a step-by-step guide on how to do this.
Why We’re Making the Change
Since launching our Merkl campaigns, Stabull has seen nearly 400% growth in total value locked (TVL) across the protocol — with Polygon and Base receiving the largest inflows of liquidity.
This growth has strengthened liquidity depth and enabled larger swaps to be routed more efficiently through the DEX, resulting in higher trading fee revenue for both Liquidity Providers (LPs) and the protocol itself.
Where can I see my positions?
You can view your current positions staked in Stabull Vaults by signing in and connecting your wallet on Polygon or Ethereum.
If you haven’t staked, you can view your positions under the My Liquidity tab on the Pools page on Base, Ethereum or Polygon.
What This Means for Liquidity Providers
By integrating Merkl, Stabull’s USDC-paired pools gain exposure to a much wider audience of LPs across the DeFi ecosystem — accelerating TVL growth and expanding the reach of our protocol.
Rewards are updated every two hours and settled on-chain every eight hours, allowing users to claim as frequently as they wish.
Do I need to do anything?
The short answer is no. Merkl will automatically detect if your LP tokens are in your wallet or within the corresponding staking contract for all pools across all chains.
You’ll simply claim new rewards after the transition via https://app.merkl.xyz/users/ by connecting your wallet and claiming rewards.
This process is also more convenient for users with positions across multiple pools, as you can claim all rewards in a single transaction per chain — helping you save on gas fees.
You can choose to leave your staked positions as they are and continue earning rewards from Merkl after the transition date.
However, if you prefer to unstake from the Vaults and retain your LP tokens in your wallet, follow this simple step-by-step guide:
- Visit the current Stabull Vaults on Polygon or Ethereum.
- Unstake your positions from any relevant vaults.
- You’ll receive your LP tokens back in your wallet, along with any accrued STABUL rewards.
Conclusion
We’re thrilled to bring Stabull’s reward distribution fully onto Merkl — expanding our pools to a broader audience of Liquidity Providers and continuing to grow our TVL as we launch new pools across both existing and upcoming chains.
Thank you to all our community members and liquidity providers for helping Stabull become the most efficient stablecoin DEX on Base, Polygon, and Ethereum.
Stay tuned for more updates as we expand Merkl campaigns and introduce new incentive programs in the weeks ahead.
As always, any questions can be directed to us via our Discord.
