---
title: "Supply to Ethena x Steakhouse USDC V2 vault on Morpho on Base — Campaign 46565458…"
description: "Campaign on Base distributing USDC."
canonical: "https://app.merkl.xyz/opportunities/12812287483446247881/campaigns/4656545867266297800"
chain: "Base"
token: "USDC"
status: "live"
start: "2026-06-18"
end: "2027-01-08"
rewardsComputedUntil: "2026-06-18T15:00:00.000Z"
generated: "2026-11-05T18:59:49.245Z"
---

# Supply to Ethena x Steakhouse USDC V2 vault on Morpho on Base — Campaign 46565458…

## Back to

- [Parent opportunity Supply to Ethena x Steakhouse USDC V2 vault on Morpho on Base (markdown)](https://app.merkl.xyz/opportunities/12812287483446247881.md)
- [Parent opportunity Supply to Ethena x Steakhouse USDC V2 vault on Morpho on Base (HTML)](https://app.merkl.xyz/opportunities/12812287483446247881)
- [Base chain (markdown)](https://app.merkl.xyz/chains/base.md)
- [Morpho protocol (markdown)](https://app.merkl.xyz/protocols/morpho.md)

## Overview

- **Reward token**: USDC
- **Total amount**: 0.185467 USDC
- **Daily rewards (token)**: 0.000908 USDC
- **Daily rewards ($)**: $0
- **APR**: 2.00%
- **TVL**: $16.59
- **Start**: 2026-06-18
- **End**: 2027-01-08

## Metrics

- **Latest day**: 2026-11-05
- **TVL**: $16.59
- **APR**: 2.00%
- **History since**: 2026-10-26

| Date | TVL | APR | Wallets |
| --- | --- | --- | --- |
| 2026-11-05 | $16.59 | 2.00% |  |
| 2026-11-04 | $13.09 | 2.00% |  |
| 2026-11-03 | $11.42 | 1.98% |  |
| 2026-11-02 | $104.54 | 1.92% |  |
| 2026-11-01 | $71.72 | 2.00% |  |
| 2026-10-31 | $132.26 | 2.00% |  |
| 2026-10-30 | $138.07 | 2.00% |  |

## Distribution

- **Distribution chain**: Base
- **Distribution chain ID**: 8453
- **Distribution type**: DUTCH_AUCTION
- **Compute chain ID**: 8453
- **Campaign APR**: 2.00%
- **Opportunity native APR**: 4.47%

## Advanced

- **Campaign ID**: 4656545867266297800
- **Internal ID**: 18099231396901003850
- **Compute chain ID**: 8453
- **Distribution chain ID**: 8453
- **Reward token ID**: 4648273003969755592
- **Creator**: [0x7d0A9493Edecf7112486319E0fDBA72fC7a62468](https://app.merkl.xyz/users/0x7d0A9493Edecf7112486319E0fDBA72fC7a62468.md)
- **Created at**: 2026-10-26
- **Parent campaign**: 3173976325570779099
- **Child campaigns**: 13499670025765605825, 5618705776293470228

## Linked opportunities

- [Parent campaign 31739763…](https://app.merkl.xyz/opportunities/12812287483446247881/campaigns/3173976325570779099.md)

- [Child campaign 13499670…](https://app.merkl.xyz/opportunities/12812287483446247881/campaigns/13499670025765605825.md)
- [Child campaign 56187057…](https://app.merkl.xyz/opportunities/12812287483446247881/campaigns/5618705776293470228.md)

## Leaderboard

- [Paginated leaderboard (markdown)](https://app.merkl.xyz/opportunities/12812287483446247881/campaigns/4656545867266297800/leaderboard.md): append `?page=N&items=M` to paginate

## Links

- [Open campaign in Merkl App (HTML)](https://app.merkl.xyz/opportunities/12812287483446247881/campaigns/4656545867266297800)
- [Parent opportunity Supply to Ethena x Steakhouse USDC V2 vault on Morpho on Base (markdown)](https://app.merkl.xyz/opportunities/12812287483446247881.md)
- [Base chain (markdown)](https://app.merkl.xyz/chains/base.md)
- [USDC token (markdown)](https://app.merkl.xyz/tokens/USDC.md)