# GET /v4/sofr-ratchet/campaign/{campaignId}

_Merkl API_

Current SOFR-spread-ratchet rate for a campaign, resolved from its own stored distribution settings (opportunityId, anchor, curve). Returns `campaignApr` (the baseline target or the boost gap, per the campaign's curve) plus the shared context: frozen mean TVL, last/next recalc, live SOFR, and the baseline/boosted APYs.

### Path parameters

- `campaignId` (string) _(required)_

## Example request

```bash
curl -X GET "https://api.merkl.xyz//v4/sofr-ratchet/campaign/{campaignId}" \
  -H "x-api-key: YOUR_API_KEY"
```