Uniswap launches Earn with Morpho for yield on idle crypto assets

Uniswap has launched Earn, a new lending product in collaboration with Morpho, allowing users to earn yield on idle crypto assets within the Uniswap app. The product utilizes three Gauntlet-curated Morpho vaults, enabling users to deposit and withdraw instantly while retaining full custody of their assets. Users can deposit USDC, USDT, and ether into these vaults, where assets are lent to borrowers through Morpho's lending markets, with interest from borrowers becoming the yield for depositors. Uniswap's staff product manager, Anthony Beshay, stated that Earn provides users with a straightforward way to utilize their assets without managing concentrated liquidity positions. Unlike Uniswap's DualPool product, which is for users wanting to provide liquidity and lend, Earn focuses solely on yield through lending. Uniswap maintains compliance with applicable laws amid discussions on crypto vaults and onchain lending strategies. Morpho has become a key lending infrastructure for various crypto companies, enhancing its value through network effects. Uniswap's token (UNI) is trading at 4.32 dollars, with a market cap of 2.7 billion dollars, while Morpho's token (MORPHO) is at 1.95 dollars, with a market cap of 1.3 billion dollars.

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