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Uniswap's New Earn Product Fails to Boost Price Amid Bearish Momentum

Guavy AI Editorial Team
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ETH USDT USDC UNI
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Uniswap has launched its new Earn product, which allows users to deposit USDC, USDT, and ETH into Morpho vaults for yield without mandatory lockups. This move is aimed at boosting liquidity inflows into the protocol.

The launch of Earn coincides with Uniswap v4 reaching $6.17 billion in weekly trading volume for July, making it the primary automated market maker for Robinhood Chain after its mainnet debut.

Despite this momentum, technical indicators suggest that UNI/USD is facing short- and medium-term selling pressure, with a predicted consolidation range of $3.89, $4.38 over the next trading day.

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