On July 31, Uniswap announced that its yield product Earn has gone live on Uniswap's web app and wallet, allowing users to deposit USDC, USDT, and ETH to earn yield without leaving Uniswap. The product initially supports the Ethereum mainnet, and the relevant funds will be allocated to on-chain lending markets, where interest paid by borrowers is continuously converted into user returns. Earn adopts a self-custody model, enabling users to complete deposits with just one signature. Users control their funds from deposit to withdrawal, with no lock-up period or cooling-off period, and can exit at any time. Its underlying vault infrastructure is provided by Morpho and managed by Gauntlet. Users can access the supported asset pages in the Uniswap web app or wallet, or find Earn through the Explore page, then select the deposit amount and confirm. If users do not hold the assets supported by the vault, they can swap or purchase with fiat currency first. Uniswap does not charge a usage fee for Earn, but users are still required to pay standard network fees.
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