The Safe{Pass} x Morpho campaign has officially begun!

Safe{Pass} is an exciting new activity program introduced by Safe to recognize and reward active Safe, both on Safe accounts and throughout the broader Safe ecosystem.

For the next 6 weeks, users who deposit into a Morpho Vault on Ethereum from a Safe account will be eligible for additional MORPHO rewards and Safe points.

Morpho & Safe Alignment

Morpho vaults can be seen as an Earn module that enhances the value proposition of Safe's smart accounts, offering users an opportunity to earn secure, risk-adjusted yields on assets held in a Safe.

With over $100B in assets stored in Safe accounts, most users typically seek relatively lower-risk or risk-adjusted yields. Morpho vaults fit this requirement, offering users a way to earn passive yield aligned with their risk-reward appetite.

Like Safe’s architecture, Morpho is noncustodial and prioritizes security above all else. Morpho’s infrastructure is minimal, immutable, heavily audited, and formally verified. The combination of Safe accounts and Morpho offers users the most secure way to earn yield onchain.

Campaign Details

• Available Rewards: 600,000 MORPHO & Safe points

• Start Date: 29 July

• End Date: 8 September

Eligibility

Safe accounts will be rewarded for:

1. Value (in $) deposited in Morpho vaults

2. Duration of deposits in Morpho vaults

Only deposits from a Safe address into a Morpho Vault on Ethereum and listed on the Morpho Interface are eligible.

Existing deposits from Safe accounts will be rewarded - there is no need to withdraw and deposit again to be eligible.

Rewards Distribution

Rewards will only be claimable after the 6-week campaign ends.

MORPHO rewards will be distributed proportionally based on the average dollar amount deposited in a Morpho vault per block throughout the campaign. MORPHO rewards will be claimable on the Morpho interface, not the Safe one.

Safe points will be distributed using the same methodology.

To participate in the campaign, visit app.morpho.org and deposit in a Morpho vault from a Safe account or natively from the app.safe.global.

Please note that the Morpho Partner Program (“Partner Program”) is operated and maintained independently of the Safe {Pass} Program and that Safe does not own, control, maintain or audit this Partner Program. Safe does not take any responsibility with respect to this Program and/or any incentive mechanisms / rewards associated with it. Partner Programs and partner incentives are distinct from Safe {Pass} Program and points / rewards and their operation remains in the sole responsibility of the Partner.