---
title: "Supply to Pendle Ecosystem High Yield USDC V2 vault on Morpho on Ethereum — Campaign 0xe638c5…"
description: "Campaign on Ethereum distributing PENDLE."
canonical: "https://app.merkl.xyz/opportunities/5525501826944571758/campaigns/0xe638c578c3fc4231747f7f2ea2d12fb2c887f30301b93c62827a2270d8e47904"
chain: "Ethereum"
token: "PENDLE"
status: "live"
start: "2026-10-14"
end: "2026-10-22"
rewardsComputedUntil: "2026-10-14T18:40:11.000Z"
generated: "2026-10-14T19:10:30.279Z"
---

# Supply to Pendle Ecosystem High Yield USDC V2 vault on Morpho on Ethereum — Campaign 0xe638c5…

## Back to

- [Parent opportunity Supply to Pendle Ecosystem High Yield USDC V2 vault on Morpho on Ethereum (markdown)](https://app.merkl.xyz/opportunities/5525501826944571758.md)
- [Parent opportunity Supply to Pendle Ecosystem High Yield USDC V2 vault on Morpho on Ethereum (HTML)](https://app.merkl.xyz/opportunities/5525501826944571758)
- [Ethereum chain (markdown)](https://app.merkl.xyz/chains/ethereum.md)
- [Morpho protocol (markdown)](https://app.merkl.xyz/protocols/morpho.md)

## Overview

- **Reward token**: PENDLE
- **Total amount**: 2910 PENDLE
- **Daily rewards (token)**: 387.035217 PENDLE
- **Daily rewards ($)**: $816.88
- **APR**: 5.50%
- **TVL**: $5,422,346.7
- **Start**: 2026-10-14
- **End**: 2026-10-22

## Distribution

- **Distribution chain**: Ethereum
- **Distribution chain ID**: 1
- **Distribution type**: DUTCH_AUCTION
- **Compute chain ID**: 1
- **Campaign APR**: 5.50%
- **Opportunity native APR**: 6.72%

## Advanced

- **Campaign ID**: 0xe638c578c3fc4231747f7f2ea2d12fb2c887f30301b93c62827a2270d8e47904
- **Internal ID**: 3036547243009313877
- **Compute chain ID**: 1
- **Distribution chain ID**: 1
- **Reward token ID**: 6049959087267616088
- **Creator**: [0xd7f2EeB2dc312F62757fF29084C2b4c8653fFF71](https://app.merkl.xyz/users/0xd7f2EeB2dc312F62757fF29084C2b4c8653fFF71.md)
- **Created at**: 2026-10-14

## Leaderboard

- [Paginated leaderboard (markdown)](https://app.merkl.xyz/opportunities/5525501826944571758/campaigns/0xe638c578c3fc4231747f7f2ea2d12fb2c887f30301b93c62827a2270d8e47904/leaderboard.md): append `?page=N&items=M` to paginate

## Links

- [Open campaign in Merkl App (HTML)](https://app.merkl.xyz/opportunities/5525501826944571758/campaigns/0xe638c578c3fc4231747f7f2ea2d12fb2c887f30301b93c62827a2270d8e47904)
- [Parent opportunity Supply to Pendle Ecosystem High Yield USDC V2 vault on Morpho on Ethereum (markdown)](https://app.merkl.xyz/opportunities/5525501826944571758.md)
- [Ethereum chain (markdown)](https://app.merkl.xyz/chains/ethereum.md)
- [PENDLE token (markdown)](https://app.merkl.xyz/tokens/PENDLE.md)