Go live in days, not months
Set up your first vault incentive campaign in minutes from Merkl Studio. Merkl natively supports the leading vault infrastructures in DeFi, including Morpho, Midas, Yearn and Veda. No smart contract deployment, no custom integrations, no dev overhead.
Never overpay for liquidity
Align your incentive spend with real user adoption. Merkl continuously tracks how much liquidity users actually bring to your product and calculates the exact rewards needed to deliver the promised APR. If participation falls short of expectations, your spend adjusts automatically, so you never overpay for liquidity you did not attract.
Lock in a stable APY
Merkl's stable APY mode lets you set a fixed yield target and automatically adjusts reward distribution as your native yield fluctuates. The yield your depositors see stays stable and predictable, no matter what the market does.
Integrate smooth, automated rewards
Deliver a fully embedded rewards experience directly within your Earn section using Merkl's API. Enable automatic reward claiming for all eligible users, with no manual steps required. Your users earn rewards without even knowing it.
See it in action
Explore live vault reward campaigns powered by Merkl. Review their parameters, track TVL and APR evolution, and see how they are performing.
How Morpho uses Merkl to reward vault depositors
Morpho uses Merkl to distribute rewards across its lending markets. Protocols running their vault on top of Morpho also rely on Merkl to add their own reward layer and attract liquidity.