---
title: "Borrow WETH on pufETH/WETH 94.5%"
description: "Earn rewards by borrowing WETH using pufETH on Morpho on Ethereum"
canonical: "https://app.merkl.xyz/opportunities/18410418810818065292"
chain: "Ethereum"
protocol: "Morpho"
type: "MORPHOBORROW"
page: 1
items: 25
totalPages: 1
lastCampaignCreatedAt: 2026-10-16T13:35:13.000Z
generated: "2026-10-23T19:22:15.879Z"
---

# Borrow WETH on pufETH/WETH 94.5%

## 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 WETH using pufETH on Morpho on Ethereum

## Key metrics

- **Total Value Locked**: $62,834.35
- **APR**: 32.58%
- **Protocol APR**: —
- **Daily rewards**: $56.09
- **Live campaigns**: 1
- **Chain**: Ethereum
- **Protocol**: Morpho
- **Protocol trusted**: Yes, verified by DefiLlama (https://defillama.com/protocol/morpho-blue)

## Tokens

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

## Campaigns : page 1 of 1 (5 total)

| Campaign | Status | Reward | APR | Daily $ | Start | End |
| --- | --- | --- | --- | --- | --- | --- |
| [0xf24f05…](https://app.merkl.xyz/opportunities/18410418810818065292/campaigns/0xf24f050e88fc3d6f393f1d1d9273ca4ab51c1e2c4ef91cbadc965c7884631dc1.md) | live | [mtwCARROT](https://app.merkl.xyz/tokens/mtwCARROT.md) | 32.58% | $56.09 | 2026-10-15 | 2026-11-15 |
| [0x89e47a…](https://app.merkl.xyz/opportunities/18410418810818065292/campaigns/0x89e47a4ad316315c08ba6938ff7574f877ffc1dcb86941172c00cd9b3c78ad17.md) | past | [mtwCARROT](https://app.merkl.xyz/tokens/mtwCARROT.md) | 0.00% | $0 | 2026-08-14 | 2026-09-14 |
| [0xab0c3d…](https://app.merkl.xyz/opportunities/18410418810818065292/campaigns/0xab0c3d7d6c818ffbf3f7bcc4f245b73f1fce2436e9ba6bb1d1aa5228b86529e2.md) | past | [mtwCARROT](https://app.merkl.xyz/tokens/mtwCARROT.md) | 0.00% | $0 | 2026-07-15 | 2026-08-15 |
| [0x0bd7cc…](https://app.merkl.xyz/opportunities/18410418810818065292/campaigns/0x0bd7cc0adc2ba25a30fa558a71b7f7119aa69d53f6d0f1bdbf5ace0580221be0.md) | past | [mtwCARROT](https://app.merkl.xyz/tokens/mtwCARROT.md) | 0.00% | $0 | 2026-06-14 | 2026-07-12 |
| [0xfbd472…](https://app.merkl.xyz/opportunities/18410418810818065292/campaigns/0xfbd472dcd552b591eb1da74bbe0676841b4551611239cdbc1709fc6cff79cf07.md) | past | [mtwCARROT](https://app.merkl.xyz/tokens/mtwCARROT.md) | 0.00% | $0 | 2026-05-17 | 2026-06-14 |

## Participate

- [Deposit](https://app.morpho.org/ethereum/market/0x85ab69d50add7daa0934b5224889af0a882f2e3b4572d82c771dd0875f4eaa9b)

## Links

- [Open in Merkl App (HTML)](https://app.merkl.xyz/opportunities/18410418810818065292)
- [Ethereum chain page](https://app.merkl.xyz/chains/ethereum)
- [Morpho protocol page](https://app.merkl.xyz/protocols/morpho)