Uniswap Launches 'Earn' to Let Users Earn Yield on Idle Crypto Assets
Uniswap has launched 'Earn', a new product that lets users earn yield on idle crypto assets. The product was built in collaboration with Morpho, the second-largest decentralized lending protocol.
Users can deposit USDC, USDT, and ether into three Gauntlet-curated Morpho vaults, where their assets are lent to borrowers through Morpho's lending markets. The interest paid by borrowers becomes the yield earned by depositors.
'Uniswap was built to give people open, direct access to onchain markets and Earn is a natural next step,' said Anthony Beshay, staff product manager at Uniswap.