---
title: "Supply to Pendle Ecosystem High Yield USDC V2 vault on Morpho on Ethereum"
description: "Earn rewards by supplying to the Pendle Ecosystem High Yield USDC V2 vault on Morpho on Ethereum"
canonical: "https://app.merkl.xyz/opportunities/5525501826944571758"
chain: "Ethereum"
protocol: "Morpho"
type: "ERC20LOGPROCESSOR"
page: 1
items: 25
totalPages: 1
lastCampaignCreatedAt: 2026-10-14T08:48:27.000Z
generated: "2026-10-14T18:25:35.034Z"
---

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

## 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 supplying to the Pendle Ecosystem High Yield USDC V2 vault on Morpho on Ethereum

## Key metrics

- **Total Value Locked**: $5,058,518.48
- **APR**: 5.94%
- **Protocol APR**: 6.75%
- **Daily rewards**: $822.83
- **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)
- [pendleUSDChy](https://app.merkl.xyz/tokens/pendleUSDChy.md)

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

| Campaign | Status | Reward | APR | Daily $ | Start | End |
| --- | --- | --- | --- | --- | --- | --- |
| [0xe638c5…](https://app.merkl.xyz/opportunities/5525501826944571758/campaigns/0xe638c578c3fc4231747f7f2ea2d12fb2c887f30301b93c62827a2270d8e47904.md) | live | [PENDLE](https://app.merkl.xyz/tokens/PENDLE.md) | 5.94% | $822.83 | 2026-10-14 | 2026-10-22 |

## Participate

- [Deposit](https://app.morpho.org/ethereum/vault/0xcf609F8327E68b42AF54F9D529b9f65d68038435)

## Links

- [Open in Merkl App (HTML)](https://app.merkl.xyz/opportunities/5525501826944571758)
- [Ethereum chain page](https://app.merkl.xyz/chains/ethereum)
- [Morpho protocol page](https://app.merkl.xyz/protocols/morpho)