# Merkl

> Track Merkl with daily standardized on-chain data. Compare Merkl with other infrastructure projects. See charts, financial statements and datasets in one place.

Source: [Merkl on Token Terminal](https://tokenterminal.com/explorer/projects/merkl). This page has no metric values. For current values, use the [Token Terminal API](https://tokenterminal.com/docs/api-reference/introduction) or the [MCP server](https://tokenterminal.com/docs/mcp/introduction).

- Sectors: Infrastructure

## About

### What it is

Merkl is a DeFi incentive distribution platform built by Angle Labs that enables protocols, DAOs, and blockchains to create and manage reward campaigns across 60+ chains. It powers liquidity incentives, airdrops, lending/borrowing rewards, and token holder campaigns, reaching 10,000+ daily users. Merkl's offchain engine detects users holding assets even when locked in smart contracts, ensuring precise reward distribution.

### Who uses it

DeFi protocols seeking to incentivize liquidity and liquidity providers looking to earn token rewards on concentrated liquidity positions.

### How it works

Protocols configure reward campaigns for specific pools, and an off-chain engine computes per-address reward scores based on swap activity and LP behavior, then publishes Merkle roots on-chain for users to claim rewards.

## Links

- [website](https://merkl.xyz)
- [twitter](https://twitter.com/merkl_xyz)
- [github](https://github.com/AngleProtocol/merkl-contracts)
- [docs](https://docs.merkl.xyz)