Uniswap launches Earn feature in its web app and wallet, enabling USDC, USDT, and ETH deposits for yield generation through Morpho.
DeFi & Yields ·
Uniswap has launched an Earn feature across its web app and wallet, allowing users to deposit USDC, USDT, and ETH to generate yield through integration with Morpho. The feature expands Uniswap's product suite beyond its core swapping functionality, bringing yield-generation capabilities directly into the platform's interfaces.
The Earn mechanism routes user deposits into Morpho, a lending protocol, to accrue returns on supported stablecoins and Ethereum. This move positions Uniswap as a more comprehensive financial application, offering depositors an avenue to put idle balances to work without leaving the platform. The integration leverages Morpho's lending infrastructure to handle the underlying yield generation logic.
The rollout marks a step toward expanding Uniswap's ecosystem beyond spot trading. Whether this feature will drive material inflows or become a standard offering alongside competing yield products remains to be seen. The yield rates offered and Morpho's smart contract risk profile will likely shape adoption.