> ## Documentation Index
> Fetch the complete documentation index at: https://docs.dynamo.finance/llms.txt
> Use this file to discover all available pages before exploring further.

# Rewards

> Earn multiple reward streams on Dynamo, native MORPHO token emissions, Dynamo-specific incentives, and third-party curator rewards, on top of base lending yield.

Dynamo layers multiple reward streams on top of the base interest you earn from supplying or borrowing. Understanding these streams, where they come from, who is eligible, and how to claim them, helps you maximize your total return.

## Reward streams

### 1. Native MORPHO token emissions

[Morpho finance](https://dynamo.finance/)s its native **MORPHO token** to suppliers and borrowers across eligible markets. These rewards are funded by the Morpho DAO and run as time-limited campaigns. Rates and eligible markets change over time as the DAO votes on new allocations.

* Eligibility: supply or borrow in a MORPHO-incentivized market during an active campaign period
* Distribution: accrued continuously, claimable at any time
* Reference: live campaigns are listed at [campaigns.morpho.org](https://campaigns.morpho.org)

### 2. Dynamo-specific incentives (Soon)

As a SubDAO, Dynamo runs its own reward programs funded by the **Dynamo token treasury**. These campaigns target Dynamo vaults to bootstrap liquidity and reward early adopters.

* Eligibility: supply, borrow, or hold vault shares on designated Dynamo vaults during an active campaign
* Distribution: accrued based on your proportional share of the incentivized vault
* Claims: claimable directly from the Dynamo UI

### 3. Third-party curator rewards

Vault curators can add their own reward tokens on top of MetaMorpho vault yields. These are funded independently by the curator and are separate from both MORPHO emissions and Dynamo incentives.

* Eligibility: deposit into a vault that has active curator rewards
* Distribution: disclosed on each vault's detail page
* Claims: follow the instructions on the vault detail page or curator's platform

## Distribution mechanics

All reward streams use an **on-chain distribution model**: rewards accrue continuously and are claimable at any time via a Merkle-proof claim. You do not need to stake or lock tokens to receive rewards, simply being in an eligible position during the campaign window is sufficient.

<Note>
  Reward rates are denominated in tokens per second per unit of liquidity. The APR shown in the Dynamo UI blends your base yield with all active reward streams for a given market or vault.
</Note>

## Eligibility

| Reward type       | What qualifies                                     |
| ----------------- | -------------------------------------------------- |
| MORPHO emissions  | Supply or borrow in a MORPHO-incentivized market   |
| Dynamo incentives | Hold vault shares in a Dynamo vault                |
| Curator rewards   | Hold shares in a vault with active curator rewards |

Eligibility is determined per campaign. A market that is incentivized today may not be incentivized in the next campaign cycle. Check the live campaigns dashboard for current status.