---
title: "Borrow USDC on SHIB/USDC 62.5%"
description: "Earn rewards by borrowing USDC using SHIB on Morpho on Ethereum"
canonical: "https://campaigns.morpho.org/opportunities/12729690912040005253"
chain: "Ethereum"
protocol: "Morpho"
type: "MORPHOBORROW"
page: 1
items: 25
totalPages: 1
updated: 2026-07-22T10:36:23.000Z
---

# Borrow USDC on SHIB/USDC 62.5%

## Back to

- [Opportunities index (HTML)](https://campaigns.morpho.org/)
- [Ethereum chain (markdown)](https://campaigns.morpho.org/chains/ethereum.md)
- [Morpho protocol (markdown)](https://campaigns.morpho.org/protocols/morpho.md)

Earn rewards by borrowing USDC using SHIB on Morpho on Ethereum

## Key metrics

- **Total Value Locked**: $0.37
- **APR**: 25.00%
- **Native APR**: —
- **Daily rewards**: $0
- **Live campaigns**: 1
- **Chain**: Ethereum
- **Protocol**: Morpho
- **Protocol trusted**: Yes — verified by DefiLlama (https://defillama.com/protocol/morpho-blue)

## Tokens

- [USDC](https://campaigns.morpho.org/tokens/USDC.md)

## Campaigns — page 1 of 1 (1 total)

| Campaign | Status | Reward | APR | Daily $ | Start | End |
| --- | --- | --- | --- | --- | --- | --- |
| [0x7995fb…](https://campaigns.morpho.org/opportunities/12729690912040005253/campaigns/0x7995fbffe3e69c3eb3609a7e10cddceeb4148576c85b3e2735d6e5a6839ffbc9.md) | live | [USDC](https://campaigns.morpho.org/tokens/USDC.md) | 25.00% | $0 | 2026-07-22 | 2026-09-06 |

## Participate

- [Deposit](https://app.morpho.org/ethereum/market/0x87753839ac836a59dd13f66ea6ea5481ba2374ae76dfdfbe8c4861e835833646)

## Links

- [Open in Merkl App (HTML)](https://campaigns.morpho.org/opportunities/12729690912040005253)
- [Ethereum chain page](https://campaigns.morpho.org/chains/ethereum)
- [Morpho protocol page](https://campaigns.morpho.org/protocols/morpho)