Uniswap Integrates Onchain Lending with Morpho Partnership
Uniswap Labs has launched Uniswap Earn, a new product that allows users to earn yield on their idle assets directly within the app. This is made possible through a partnership with Morpho, an open credit network connecting lenders and borrowers to onchain credit markets.
The integration of Morpho Vaults into the Uniswap interface provides users with a simple way to put their assets to work without needing to manage concentrated liquidity positions. Three Morpho Vaults - USDC, USDT, and ETH - curated by Gauntlet are available for deposit, where capital is allocated to underlying lending markets on Morpho.
According to Anthony Beshay, Staff Product Manager at Uniswap, 'Uniswap was built to give people open, direct access to onchain markets and Earn is a natural next step.' He notes that users can earn yield on their assets with the same simplicity, transparency, and control they already expect from Uniswap.
The partnership highlights Morpho's strength as permissionless infrastructure that any applications can build on under their own brand. Paul Frambot, Co-Founder and CEO of Morpho, says 'Uniswap is one of the most recognized names in crypto, and we're proud to power Earn for their users.'