Uniswap Launches Earn With Morpho for Yield on Idle Crypto Assets
Uniswap launched Earn on 31 July 2026, a product built with Morpho that lets users earn yield on idle USDC, USDT, and ether. Assets flow into three Gauntlet-curated vaults with no Uniswap fees and instant withdrawals.
Uniswap launches Earn to pay yield on idle assets
Uniswap launched Earn on 31 July 2026, a lending product built with Morpho. It lets users deposit idle USDC, USDT, and ether to earn yield inside the Uniswap app. Uniswap calls itself the largest decentralized exchange by trading volume, and Earn extends it beyond swapping. There are no Uniswap fees, though standard Ethereum network costs still apply. Users keep full custody and can withdraw at any time.
"Uniswap was built to give people open, direct access to onchain markets and Earn is a natural next step.", 31 July 2026. — Anthony Beshay, Staff Product Manager, Uniswap
Gauntlet-curated vaults route deposits to Morpho lending markets
Deposits route into three vaults curated by Gauntlet. Gauntlet decides how capital spreads across eligible Morpho lending markets and can rebalance as conditions change. Borrowers pay interest, and that interest becomes the yield for depositors. Morpho is described as the second-largest decentralized lending protocol. Depositors still carry the risk of Gauntlet's allocation decisions.
UNI trades near $4.12 as Earn goes live
UNI traded at $4.12 on 3 August 2026, down 0.84% over the past 24 hours (CoinPaprika, 3 August 2026), with a market cap near $2.58 billion. Morpho's MORPHO token traded at $1.92, down 2.2% over the same 24-hour window (CoinPaprika, 3 August 2026).
Earn opens lending to Uniswap's existing users
Earn brings lending into the same app people already use to swap and track tokens. Deposits stay liquid, so users can move funds back without a lockup or cooldown period. The product is live on Ethereum mainnet through the Uniswap web app and wallet. Yields shift with borrower demand across the Morpho markets.
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