Uniswap launches Earn, a self-custodial yield product for USDC, USDT, and ETH powered by Morpho vaults with Gauntlet risk curation.
DeFi & Yields ·
Uniswap has launched Earn, a self-custodial yield product enabling users to deposit USDC, USDT, and ETH. The product leverages Morpho vaults as its underlying infrastructure, with risk management and curation provided by Gauntlet.
The mechanics center on users maintaining custody of their assets while earning yield through vault allocations. Morpho serves as the liquidity layer, while Gauntlet applies risk assessment to determine vault selection and exposure parameters. The offering positions Uniswap as a money layer competing directly with centralized finance deposit platforms by providing on-chain alternatives.
Several key details remain unspecified: the baseline yield rates across the three assets, fee structures Uniswap will apply, rollout timeline for additional assets or features, and specifics of how Gauntlet's risk curation translates into vault weighting or withdrawal constraints. The interaction model between user deposits, vault mechanics, and Morpho's lending protocol has not been detailed.