Uniswap launches Earn feature for USDC, USDT and ETH lending

Uniswap launched an Earn feature in its Web App and Wallet on Ethereum mainnet, letting users deposit USDC, USDT and ETH into Morpho lending vaults curated by Gauntlet to earn yield from borrower interest without leaving the app. Users can authorize a deposit with one signature, track deposited balances, yield rates and earnings in the Uniswap portfolio interface, and withdraw at any time because the product has no lockup or cooldown period. Uniswap said it does not charge a separate fee for Earn, though users still pay standard Ethereum network costs. The launch expands Uniswap beyond token swaps and liquidity provision into onchain lending, putting it in closer competition with lending platforms such as Aave and Compound. Gauntlet manages vault allocation across eligible lending markets and can set exposure limits or rebalance capital, while users still bear risks tied to smart contracts, collateral, liquidity and stablecoins, and yields remain variable rather than guaranteed. Morpho reported about $11.79 billion in deposits and $4.15 billion in active loans across its network, underscoring the scale of the infrastructure Uniswap is plugging into.