Uniswap Enters Lending Market with Self-Custodial Earn Product

Uniswap has rolled out Earn, a self-custodial lending product allowing users to deposit USDC, USDT, and ETH into Morpho vaults directly through its app on the Ethereum mainnet. The deposits earn interest generated by borrowers, with no additional fees charged by Uniswap aside from standard Ethereum network costs.

This new feature extends Uniswap's services beyond token swaps, enabling users to lend assets without leaving the platform and withdraw anytime without lockup periods. The integration positions Uniswap as a competitor to established lending platforms like Aave and Compound, leveraging its existing user base for seamless transition from swapping to lending.

The integration of Earn is built on Morpho's infrastructure and uses Gauntlet-curated vaults, allowing users to maintain self-custody while earning yield. This move expands Uniswap's role beyond token swaps, solidifying its position as a major player in the decentralized finance (DeFi) space.