Uniswap Launches Earn with Morpho for Idle Crypto Yield Generation
Uniswap has launched its Earn product, allowing users to generate yield on their idle crypto. The new feature is built on Morpho's infrastructure and lets users deposit USDC, USDT, and ETH into Gauntlet-curated vaults, collecting yield without lockup periods.
The product routes user deposits into lending vaults curated by Gauntlet, a risk management firm with institutional-grade optimization across DeFi. Gauntlet's vaults have accumulated nearly $1B in assets under management in roughly a year and a half.
Morpho serves as the lending protocol backbone, having established itself as the second-largest lending protocol by total value locked, with billions in deposits flowing through its markets.
Users can deposit supported assets into the vaults and earn lending yield without lockup periods. For context on returns, Coinbase's USDC yield product hit as high as roughly 10.8% at one point.