diff --git a/apps/hyperdrive-trading/src/ui/rewards/useMorphoRate.ts b/apps/hyperdrive-trading/src/ui/rewards/useMorphoRate.ts
index 10846f979..4401b08dd 100644
--- a/apps/hyperdrive-trading/src/ui/rewards/useMorphoRate.ts
+++ b/apps/hyperdrive-trading/src/ui/rewards/useMorphoRate.ts
@@ -13,9 +13,11 @@ const marketPoolIds: Record<Address, string> = {
 export function useMorphoRate({
   chainId,
   hyperdriveAddress,
+  enabled = true,
 }: {
   chainId: number;
   hyperdriveAddress: Address;
+  enabled?: boolean;
 }): {
   morphoRate: FixedPoint | undefined;
 } {
@@ -29,6 +31,7 @@ export function useMorphoRate({
     Error
   >({
     queryKey: ["morphoRate", chainId, hyperdriveAddress],
+    enabled,
     staleTime: Infinity,
     retry: 3,
     queryFn: async () => {
diff --git a/apps/hyperdrive-trading/src/ui/rewards/useRewards.ts b/apps/hyperdrive-trading/src/ui/rewards/useRewards.ts
index daa6a5a31..791eb1c80 100644
--- a/apps/hyperdrive-trading/src/ui/rewards/useRewards.ts
+++ b/apps/hyperdrive-trading/src/ui/rewards/useRewards.ts
@@ -39,6 +39,10 @@ export function useRewards(hyperdrive: HyperdriveConfig): Reward[] | undefined {
   const { morphoRate } = useMorphoRate({
     chainId: hyperdrive.chainId,
     hyperdriveAddress: hyperdrive.address,
+    enabled:
+      eligibleMarketsForMorphoRewards[hyperdrive.chainId]?.includes(
+        hyperdrive.address,
+      ) ?? false,
   });
 
   const rewards = [];