Uniswap Unveils Earn Feature to Simplify DeFi Yield Access
Uniswap has introduced Earn, a new feature that enables users to earn yield on their cryptocurrencies held on the platform. This tool utilizes Morpho's lending infrastructure and aims to simplify access to yield in decentralized finance (DeFi).
The operation involves directing assets like USDC, USDT, and Ether into selected vaults without requiring users to leave the Uniswap ecosystem for external services.
Morpho is responsible for the underlying infrastructure used by Earn. With a total value locked of around $6.6 billion across more than 12 blockchains, Morpho has seen significant growth in 2025. Deposits rose from approximately $5 billion at the beginning of the year to over $13 billion in the third quarter.
Active loans grew from $1.9 billion to $4.5 billion during this period. The management of vaults is handled by Gauntlet, a company specializing in risk management. They direct resources across different credit markets with the goal of optimizing returns for depositors.