---
title: "Supply USDC on Morpho to a vault providing liquidity to any eligible markets"
description: "When you deposit USDC into a Morpho vault, the Manager of that specific vault decides which lending markets to put it in. DRIP rewards are handed out at the market level, not the vault level. This means you’ll only earn DRIP incentives on the portion of your deposit that the manager actually places into eligible markets. The eligible markets are: [Supply USDC to the sUSDS/USDC 94.5%](https://app.morpho.org/arbitrum/market/0x77fe2f7c2dd6f4da6bc5f445b06052ff8df55cb70cfce9afc16ec3c69a5fd3a3), [sUSDe/USDC 91.5%](https://app.morpho.org/arbitrum/market/0x7e7c08f2d8bb6821408ac6b4e2f322d73ba1fb8ce20b3b65087f440ef3b2f8f1), [USDe/USDC 91.5%](https://app.morpho.org/arbitrum/market/0xe0de6b571ec913ada63d5327f70c8849ea2363d47f44a190e8fb489db07fee1e), [weETH/USDC 86%](https://app.morpho.org/arbitrum/market/0xd09404e9512e1341321c8ae3bd663fab7087582142ac61486635a6c072c2af12), [wstETH/USDC 86%](https://app.morpho.org/arbitrum/market/0x33e0c8ab132390822b07e5dc95033cf250c963153320b7ffca73220664da2ea0), [syrupUSDC/USDC 91.5%](https://app.morpho.org/arbitrum/market/0xf86f3edd6f16cd8211f4d206866dc4ecd41be6211063ac11f8508e1b7112ef40),[GM/USDC 77%](https://app.morpho.org/arbitrum/market/0x1a926ab8add08dca634f8d6cecd8c866e166a4affc65801beda9f239d21b622a), [sUSDC/USDC 91.5%](https://app.morpho.org/arbitrum/market/0x989ddb4f5b09e6d02e7f5f2f8efb846fd2de1f3f3dfd96e1939455abe7dd5a48), [ezETH/USDC 77%](https://app.morpho.org/arbitrum/market/0xb7b5729ad332f57a02f4d9f87aa50910ee955d859e2b2ad9b0b8e15ca44d8b7f), [rsETH/USDC 77%](https://app.morpho.org/arbitrum/market/0xd478de9c069f12759d3baed9ddd16fe8902128937821af3a3cf77eca1885c7fc), [thBILL/USDC 94.5%](https://app.morpho.org/arbitrum/market/0x551dbcdcceaf9322986e0cddde993d49840522a9532dc441359acd98af8badff), [wstUSR/USDC 91.5%](https://app.morpho.org/arbitrum/market/0x06a5954e8222a1f4719934d370ac558b657c6a5321d6cae615127b6596d10d32), [PT-sUSDai-20NOV2025/USDC 86%](https://app.morpho.org/arbitrum/market/0x52f4d5038749565658a51f43d214e811c328c00c8b58c544accfb8924e8be8f8)"
canonical: "https://app.merkl.xyz/opportunities/5864106463496527503"
chain: "Arbitrum"
protocol: "Morpho"
type: "MULTILENDBORROW"
page: 1
items: 25
totalPages: 1
updated: 2025-09-03T11:58:00.000Z
---

# Supply USDC on Morpho to a vault providing liquidity to any eligible markets

## Back to

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

When you deposit USDC into a Morpho vault, the Manager of that specific vault decides which lending markets to put it in. DRIP rewards are handed out at the market level, not the vault level. This means you’ll only earn DRIP incentives on the portion of your deposit that the manager actually places into eligible markets. The eligible markets are: [Supply USDC to the sUSDS/USDC 94.5%](https://app.morpho.org/arbitrum/market/0x77fe2f7c2dd6f4da6bc5f445b06052ff8df55cb70cfce9afc16ec3c69a5fd3a3), [sUSDe/USDC 91.5%](https://app.morpho.org/arbitrum/market/0x7e7c08f2d8bb6821408ac6b4e2f322d73ba1fb8ce20b3b65087f440ef3b2f8f1), [USDe/USDC 91.5%](https://app.morpho.org/arbitrum/market/0xe0de6b571ec913ada63d5327f70c8849ea2363d47f44a190e8fb489db07fee1e), [weETH/USDC 86%](https://app.morpho.org/arbitrum/market/0xd09404e9512e1341321c8ae3bd663fab7087582142ac61486635a6c072c2af12), [wstETH/USDC 86%](https://app.morpho.org/arbitrum/market/0x33e0c8ab132390822b07e5dc95033cf250c963153320b7ffca73220664da2ea0), [syrupUSDC/USDC 91.5%](https://app.morpho.org/arbitrum/market/0xf86f3edd6f16cd8211f4d206866dc4ecd41be6211063ac11f8508e1b7112ef40),[GM/USDC 77%](https://app.morpho.org/arbitrum/market/0x1a926ab8add08dca634f8d6cecd8c866e166a4affc65801beda9f239d21b622a), [sUSDC/USDC 91.5%](https://app.morpho.org/arbitrum/market/0x989ddb4f5b09e6d02e7f5f2f8efb846fd2de1f3f3dfd96e1939455abe7dd5a48), [ezETH/USDC 77%](https://app.morpho.org/arbitrum/market/0xb7b5729ad332f57a02f4d9f87aa50910ee955d859e2b2ad9b0b8e15ca44d8b7f), [rsETH/USDC 77%](https://app.morpho.org/arbitrum/market/0xd478de9c069f12759d3baed9ddd16fe8902128937821af3a3cf77eca1885c7fc), [thBILL/USDC 94.5%](https://app.morpho.org/arbitrum/market/0x551dbcdcceaf9322986e0cddde993d49840522a9532dc441359acd98af8badff), [wstUSR/USDC 91.5%](https://app.morpho.org/arbitrum/market/0x06a5954e8222a1f4719934d370ac558b657c6a5321d6cae615127b6596d10d32), [PT-sUSDai-20NOV2025/USDC 86%](https://app.morpho.org/arbitrum/market/0x52f4d5038749565658a51f43d214e811c328c00c8b58c544accfb8924e8be8f8)

## Key metrics

- **Total Value Locked**: $55,994,871.64
- **APR**: 0.00%
- **Native APR**: —
- **Daily rewards**: $0
- **Live campaigns**: 0
- **Chain**: Arbitrum
- **Protocol**: Morpho
- **Protocol trusted**: Yes — verified by DefiLlama (https://defillama.com/protocol/morpho-blue)

## Tokens

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

## Campaigns — page 1 of 1 (1 total)

| Campaign | Status | Reward | APR | Daily $ | Start | End |
| --- | --- | --- | --- | --- | --- | --- |
| [0x0c72c7…](https://app.merkl.xyz/opportunities/5864106463496527503/campaigns/0x0c72c7808dad51b0755f3cb21d8675550d95c8c1a4e01ac6ea843e587147cd98.md) | past | [ARB](https://app.merkl.xyz/tokens/ARB.md) | 0.00% | $0 | 2025-09-03 | 2025-09-17 |

## Participate

- [Deposit](https://app.morpho.org/arbitrum/earn)

## Links

- [Open in Merkl App (HTML)](https://app.merkl.xyz/opportunities/5864106463496527503)
- [Arbitrum chain page](https://app.merkl.xyz/chains/arbitrum)
- [Morpho protocol page](https://app.merkl.xyz/protocols/morpho)