---
title: "Deposit USDe as collateral on USDe/RLUSD 91.5%"
description: "Earn rewards by supplying USDe as a collateral on Morpho on Ethereum"
canonical: "https://app.merkl.xyz/opportunities/6480753085017024194"
chain: "Ethereum"
protocol: "Morpho"
type: "MORPHOCOLLATERAL"
page: 1
items: 25
totalPages: 1
lastCampaignCreatedAt: 2026-09-24T09:59:34.000Z
generated: "2026-09-26T22:12:00.478Z"
---

# Deposit USDe as collateral on USDe/RLUSD 91.5%

## 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 supplying USDe as a collateral on Morpho on Ethereum

## Key metrics

- **Total Value Locked**: $29,262,986.97
- **APR**: 5.00%
- **Protocol APR**: —
- **Daily rewards**: $4,008.63
- **Live campaigns**: 1
- **Chain**: Ethereum
- **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 (1 total)

| Campaign | Status | Reward | APR | Daily $ | Start | End |
| --- | --- | --- | --- | --- | --- | --- |
| [0x17e27f…](https://app.merkl.xyz/opportunities/6480753085017024194/campaigns/0x17e27f6dfce1ebc513367a584e4bc214b29dfb34893ddd22475e751bae37661e.md) | live | [USDe](https://app.merkl.xyz/tokens/USDe.md) | 5.00% | $4,008.63 | 2026-09-25 | 2026-10-02 |

## Participate

- [Deposit](https://app.morpho.org/ethereum/market/0xd9d2fc090bdbab1804ea960dd6669b62357787e5816f575f14ca4e6d999614bf)

## Links

- [Open in Merkl App (HTML)](https://app.merkl.xyz/opportunities/6480753085017024194)
- [Ethereum chain page](https://app.merkl.xyz/chains/ethereum)
- [Morpho protocol page](https://app.merkl.xyz/protocols/morpho)