---
title: "Supply to Pendle Ecosystem USDC V2 vault on Morpho on Ethereum"
description: "Earn rewards by supplying to the Pendle Ecosystem USDC V2 vault on Morpho on Ethereum"
canonical: "https://app-a.merkl.xyz/opportunities/6421386281903255624"
chain: "Ethereum"
protocol: "Morpho"
type: "ERC20LOGPROCESSOR"
page: 1
items: 25
totalPages: 1
updated: 2026-08-19T07:33:25.000Z
---

# Supply to Pendle Ecosystem USDC V2 vault on Morpho on Ethereum

## Back to

- [Opportunities index (HTML)](https://app-a.merkl.xyz/)
- [Ethereum chain (markdown)](https://app-a.merkl.xyz/chains/ethereum.md)
- [Morpho protocol (markdown)](https://app-a.merkl.xyz/protocols/morpho.md)

Earn rewards by supplying to the Pendle Ecosystem USDC V2 vault on Morpho on Ethereum

## Key metrics

- **Total Value Locked**: $49,795,856.86
- **APR**: 1.47%
- **Native APR**: 5.86%
- **Daily rewards**: $1,998.75
- **Live campaigns**: 1
- **Chain**: Ethereum
- **Protocol**: Morpho
- **Protocol trusted**: Yes — verified by DefiLlama (https://defillama.com/protocol/morpho-blue)

## Tokens

- [pendleUSDC](https://app-a.merkl.xyz/tokens/pendleUSDC.md)
- [USDC](https://app-a.merkl.xyz/tokens/USDC.md)

## Campaigns — page 1 of 1 (2 total)

| Campaign | Status | Reward | APR | Daily $ | Start | End |
| --- | --- | --- | --- | --- | --- | --- |
| [0x55908b…](https://app-a.merkl.xyz/opportunities/6421386281903255624/campaigns/0x55908b2afa5e13dff146ca3cd0ef2570cc7e2d0c34cd206005025e3f5ea9f69b.md) | live | [PENDLE](https://app-a.merkl.xyz/tokens/PENDLE.md) | 1.47% | $1,998.75 | 2026-08-20 | 2026-09-10 |
| [0x976da8…](https://app-a.merkl.xyz/opportunities/6421386281903255624/campaigns/0x976da80b319b6335664f94c0634a7f40bcd55b74024095298c61e2fe58e036d4.md) | past | [PENDLE](https://app-a.merkl.xyz/tokens/PENDLE.md) | 0.00% | $0 | 2026-08-13 | 2026-08-20 |

## Participate

- [Deposit](https://app.morpho.org/ethereum/vault/0x55C1B6e461a6334B567bAF0FEb5D728715446f05)

## Links

- [Open in Merkl App (HTML)](https://app-a.merkl.xyz/opportunities/6421386281903255624)
- [Ethereum chain page](https://app-a.merkl.xyz/chains/ethereum)
- [Morpho protocol page](https://app-a.merkl.xyz/protocols/morpho)