# Proposal 18 – Update USP Holding Incentive Allocation with Alpha USDC Forex V2 Market on Morpho Integration

**URL:** <https://pikudao.discourse.group/t/proposal-18-update-usp-holding-incentive-allocation-with-alpha-usdc-forex-v2-market-on-morpho-integration/46>\
**Category:** General\
**Tags:** defi, usp, piku\
**Created:** [February 24, 2026, 1:45pm UTC](https://pikudao.discourse.group/t/proposal-18-update-usp-holding-incentive-allocation-with-alpha-usdc-forex-v2-market-on-morpho-integration/46 "2026-02-24T13:45:01Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![Mel](https://avatars.discourse-cdn.com/v4/letter/m/da6949/32.png) [@Mel](https://pikudao.discourse.group/u/Mel)\
**Post date:** [February 24, 2026, 1:45pm UTC](https://pikudao.discourse.group/t/proposal-18-update-usp-holding-incentive-allocation-with-alpha-usdc-forex-v2-market-on-morpho-integration/46/1 "2026-02-24T13:45:01Z")

</div>

## Summary

This proposal introduces a **targeted incentive program** for the **Alpha USDC Forex V2 USP/USDC market on Morpho** , funded by reallocating **10% of the existing USP Holding incentive**.

* * *

## Rationale

This proposal reallocates **10% of the existing USP Holding incentive budget** to support the **Alpha USDC Forex V2 USP/USDC market on Morpho** , directing 7.5% of PIKU incentives to users who use USP as collateral to borrow USDC and 2.5% to users who supply USDC to the Morpho vault.

This structure promotes **productive and capital-efficient usage of USP** , balances **borrow- and supply-side liquidity** to ensure healthy market utilization, and strengthens **USP’s role as a DeFi-native collateral asset**.

By reallocating incentives rather than increasing emissions, the proposal enhances **sustainable adoption** and deepens USP’s integration into **core lending infrastructure** without expanding overall incentive spend.

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## Pre Proposal

| Rate | Campaign Type | Distributed Everyday |
| --- | --- | --- |
| 80% | USP Holding | 54,757.01 PIKU |
| 10% | Uniswap USP/USDC Pool LPs | 6,844.63 PIKU |
| 5% | Pendle LP USP | 3,422.32 PIKU |
| 5% | Pendle YT USP | 3,422.32 PIKU |

* * *

## Post Proposal

| Rate | Campaign Type | Distributed Everyday |
| --- | --- | --- |
| 70% | USP Holding | 54,757.01 PIKU |
| 10% | Uniswap USP/USDC Pool LPs | 6,844.63 PIKU |
| 5% | Pendle LP USP | 3,422.32 PIKU |
| 5% | Pendle YT USP | 3,422.32 PIKU |
| 7.5% | Borrow USDC on USP/USDC Alpha USDC Forex V2 Morpho Market | 5,133.48 PIKU |
| 2.5% | Supply USDC to Alpha USDC Forex V2 Vault on Morpho | 1,711.16 PIKU |