---
title: "Deposit USDe as collateral on USDe/USDC 91.5%"
description: "Earn rewards by supplying USDe as a collateral on Morpho on Base"
canonical: "https://app.merkl.xyz/opportunities/15882969063492504801"
chain: "Base"
protocol: "Morpho"
type: "MORPHOCOLLATERAL"
page: 1
items: 25
totalPages: 1
lastCampaignCreatedAt: 2026-10-08T06:49:08.000Z
generated: "2026-10-13T18:33:03.996Z"
---

# Deposit USDe as collateral on USDe/USDC 91.5%

## Back to

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

Earn rewards by supplying USDe as a collateral on Morpho on Base

## Key metrics

- **Total Value Locked**: $385,357,761.54
- **APR**: 4.75%
- **Protocol APR**: —
- **Daily rewards**: $50,149.3
- **Live campaigns**: 1
- **Chain**: Base
- **Protocol**: Morpho
- **Protocol trusted**: Yes, verified by DefiLlama (https://defillama.com/protocol/morpho-blue)

## Tokens

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

## Campaigns : page 1 of 1 (18 total)

| Campaign | Status | Reward | APR | Daily $ | Start | End |
| --- | --- | --- | --- | --- | --- | --- |
| [0xf594d5…](https://app.merkl.xyz/opportunities/15882969063492504801/campaigns/0xf594d5ee8454ad0c7affdd7a01329576aac3f74b1e64406a84e05cfee7d04f88.md) | live | [USDe](https://app.merkl.xyz/tokens/USDe.md) | 4.75% | $50,149.3 | 2026-10-09 | 2026-10-16 |
| [0x4cd8e4…](https://app.merkl.xyz/opportunities/15882969063492504801/campaigns/0x4cd8e438c5540f4214bd7aae04d92a68429d1b55023351f7b54419e5bc5cd58a.md) | past | [USDe](https://app.merkl.xyz/tokens/USDe.md) | 0.00% | $0 | 2026-10-02 | 2026-10-09 |
| [0x819be6…](https://app.merkl.xyz/opportunities/15882969063492504801/campaigns/0x819be6158cd015ed8223151bb6ea70a9aff05f8db5a598f3b65b814eed318dd6.md) | past | [USDe](https://app.merkl.xyz/tokens/USDe.md) | 0.00% | $0 | 2026-09-25 | 2026-10-02 |
| [0x003559…](https://app.merkl.xyz/opportunities/15882969063492504801/campaigns/0x0035596b0cbe9c9711a9f3a7836cebd7f32c27e6d8a6e59fd0d74bf8e5308958.md) | past | [USDe](https://app.merkl.xyz/tokens/USDe.md) | 0.00% | $0 | 2026-09-24 | 2026-09-25 |
| [0x159740…](https://app.merkl.xyz/opportunities/15882969063492504801/campaigns/0x15974056ca8f96c516098f6be85216cf723b16d52b3b6905b682d6b51f49e8e0.md) | past | [USDe](https://app.merkl.xyz/tokens/USDe.md) | 0.00% | $0 | 2026-09-18 | 2026-09-25 |
| [0xfd6130…](https://app.merkl.xyz/opportunities/15882969063492504801/campaigns/0xfd6130cfeeb6840a661314eab84c7d6d62307f4d86e6be41f05fcf748ff3d87c.md) | past | [USDe](https://app.merkl.xyz/tokens/USDe.md) | 0.00% | $0 | 2026-09-10 | 2026-09-17 |
| [0xf56e2c…](https://app.merkl.xyz/opportunities/15882969063492504801/campaigns/0xf56e2c0b4162209220a951a9ff5f52b7e75623fb992ca87b491c46c7710d2798.md) | past | [USDe](https://app.merkl.xyz/tokens/USDe.md) | 0.00% | $0 | 2026-09-03 | 2026-09-10 |
| [0xe89329…](https://app.merkl.xyz/opportunities/15882969063492504801/campaigns/0xe893290ac40a22a775ccc82bc3099ab7b0bd311cb7876aa0d4e427b25a0f3685.md) | past | [USDe](https://app.merkl.xyz/tokens/USDe.md) | 0.00% | $0 | 2026-08-27 | 2026-09-03 |
| [0xfc6d7b…](https://app.merkl.xyz/opportunities/15882969063492504801/campaigns/0xfc6d7b52e8e52f84c9d0824793dc8b69300477cf600a2faa917016ff4b58568e.md) | past | [USDe](https://app.merkl.xyz/tokens/USDe.md) | 0.00% | $0 | 2026-08-20 | 2026-08-27 |
| [0x24811b…](https://app.merkl.xyz/opportunities/15882969063492504801/campaigns/0x24811b66b0c715c3bb97430bc8c992d42e14868d9085009d11384447e424a9e9.md) | past | [USDe](https://app.merkl.xyz/tokens/USDe.md) | 0.00% | $0 | 2026-08-13 | 2026-08-20 |
| [0xfc2e68…](https://app.merkl.xyz/opportunities/15882969063492504801/campaigns/0xfc2e6800667f07c98120b6efce065d1c18463f12b191d71fdd236a8e12e10eb7.md) | past | [USDe](https://app.merkl.xyz/tokens/USDe.md) | 0.00% | $0 | 2026-08-06 | 2026-08-13 |
| [0x945166…](https://app.merkl.xyz/opportunities/15882969063492504801/campaigns/0x945166281cd830d904884daff707722ea02a95dda5b37797adccc8eb15a996fc.md) | past | [USDe](https://app.merkl.xyz/tokens/USDe.md) | 0.00% | $0 | 2026-07-30 | 2026-08-06 |
| [0x84f8cb…](https://app.merkl.xyz/opportunities/15882969063492504801/campaigns/0x84f8cb5728e7a833070a1fbdf491276490ac14fd7e23441e98b25e1dcd5630f7.md) | past | [USDe](https://app.merkl.xyz/tokens/USDe.md) | 0.00% | $0 | 2026-07-23 | 2026-07-30 |
| [0x010f6e…](https://app.merkl.xyz/opportunities/15882969063492504801/campaigns/0x010f6ecf883bd2ae3046582e0b299e1d9b0deca5764852feb4cb3742323b9acb.md) | past | [USDe](https://app.merkl.xyz/tokens/USDe.md) | 0.00% | $0 | 2026-07-16 | 2026-07-23 |
| [0x13a09f…](https://app.merkl.xyz/opportunities/15882969063492504801/campaigns/0x13a09fb36dc3c1656d0b8a17dae96118791cc78185829d1ca6d623f0185e8820.md) | past | [USDe](https://app.merkl.xyz/tokens/USDe.md) | 0.00% | $0 | 2026-07-09 | 2026-07-16 |
| [0xcb98ba…](https://app.merkl.xyz/opportunities/15882969063492504801/campaigns/0xcb98ba3b3c4da96e320a572d6e31dcfc80254c589d23ac02cc3b8ee21218d6db.md) | past | [USDe](https://app.merkl.xyz/tokens/USDe.md) | 0.00% | $0 | 2026-07-02 | 2026-07-09 |
| [0x5b2eae…](https://app.merkl.xyz/opportunities/15882969063492504801/campaigns/0x5b2eae90dbf647bbe1437d16cd453461d740fa21eb0229b23a81f1e88225df74.md) | past | [USDe](https://app.merkl.xyz/tokens/USDe.md) | 0.00% | $0 | 2026-06-25 | 2026-07-02 |
| [0x039720…](https://app.merkl.xyz/opportunities/15882969063492504801/campaigns/0x0397205b69bd85fa553679687f2fce69b896307b26d64abe8d2229f93f72eff4.md) | past | [USDe](https://app.merkl.xyz/tokens/USDe.md) | 0.00% | $0 | 2026-06-18 | 2026-06-25 |

## Participate

- [Deposit](https://app.morpho.org/base/market/0x54cf9be57fdfa6457a660991907434ff9d295c465a603a50126ff647d50b7354)

## Links

- [Open in Merkl App (HTML)](https://app.merkl.xyz/opportunities/15882969063492504801)
- [Base chain page](https://app.merkl.xyz/chains/base)
- [Morpho protocol page](https://app.merkl.xyz/protocols/morpho)