Uniswap Integrates ‘Earn’ for Seamless On-Chain Yield
The Uniswap decentralized exchange protocol has integrated a new yield-generating product called ‘Earn’ directly into its web interface and wallet. Users can now deposit major assets like USDC, USDT, and ETH to start earning interest without ever leaving the Uniswap ecosystem.
How It Works & Key Features
Initially launched on Ethereum mainnet, Earn automatically deploys user deposits into on-chain lending markets. The interest paid by borrowers in these markets is continuously passed on as yield to the depositors.
The product is built around a balance of convenience and security:
- Self-Custody Model: Users retain full control of their funds throughout the process, from deposit to withdrawal.
- Streamlined Process: Depositing requires only a single signature approval, after which yield accrues automatically.
- Flexible Access: There are no lock-up periods or cooling-off intervals, allowing users to deposit or withdraw at any time.
The underlying vault infrastructure is powered by Morpho, with risk parameter and strategy management handled by Gauntlet.
Getting Started with Earn
Accessing the feature is straightforward. Users can find and activate Earn by:
- Navigating to the asset page for USDC, USDT, or ETH within the Uniswap web app or wallet.
- Or, locating the Earn product entry through the ‘Explore’ page within the application.
Select the asset and amount you wish to deposit, then confirm the transaction. If your wallet doesn’t currently hold these assets, you can first swap for them on Uniswap or purchase them via supported fiat on-ramps.
It’s important to note that while Uniswap does not charge a fee for using Earn, standard network gas fees for Ethereum transactions still apply.