---
title: "Borrow USDC on NPC/USDC 62.5%"
description: "Earn rewards by borrowing USDC using NPC on Morpho on Ethereum"
canonical: "https://app.merkl.xyz/opportunities/12745868576260022817"
chain: "Ethereum"
protocol: "Morpho"
type: "MORPHOBORROW"
page: 1
items: 25
totalPages: 1
lastCampaignCreatedAt: 2026-09-24T10:07:11.000Z
generated: "2026-10-16T17:17:40.127Z"
---

# Borrow USDC on NPC/USDC 62.5%

## Back to

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

Earn rewards by borrowing USDC using NPC on Morpho on Ethereum

## Key metrics

- **Total Value Locked**: $2.16
- **APR**: 10.01%
- **Protocol APR**: —
- **Daily rewards**: $0
- **Live campaigns**: 1
- **Chain**: Ethereum
- **Protocol**: Morpho
- **Protocol trusted**: Yes, verified by DefiLlama (https://defillama.com/protocol/morpho-blue)

## Tokens

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

## Campaigns : page 1 of 1 (1 total)

| Campaign | Status | Reward | APR | Daily $ | Start | End |
| --- | --- | --- | --- | --- | --- | --- |
| [0x121db4…](https://app.merkl.xyz/opportunities/12745868576260022817/campaigns/0x121db4088ff3462737cbfd6efef3d76554567f61b02e7694a0f5f74763deab67.md) | live | [USDC](https://app.merkl.xyz/tokens/USDC.md) | 10.01% | $0 | 2026-09-24 | 2026-12-31 |

## Participate

- [Deposit](https://app.morpho.org/ethereum/market/0x8ab1b309944e0da2f85cec2aae47317c086dac72e6fd635b45c94d1294e3d674)

## Links

- [Open in Merkl App (HTML)](https://app.merkl.xyz/opportunities/12745868576260022817)
- [Ethereum chain page](https://app.merkl.xyz/chains/ethereum)
- [Morpho protocol page](https://app.merkl.xyz/protocols/morpho)