Uniswap just dropped Earn, a new feature that turns your idle crypto into a steady income stream without leaving its platform. Built on Morpho’s lending tech, Earn lets users deposit assets like USDC, USDT, and ether directly into curated vaults. These vaults are managed by Gauntlet, a risk management firm handling nearly $900 million across 80 vaults, ensuring users get a safe and optimized return.
Decentralized finance lending has always been complicated. You had to juggle collateral management, assess risks, and hope your chosen protocol didn’t get hacked overnight. Uniswap Earn simplifies all that. The experience boils down to a straightforward deposit button, while Morpho handles the complex lending mechanics behind the scenes. Morpho’s network covers 12 blockchains, boasting a total value locked of $6.6 billion and rapid growth from $5 billion to $13 billion in deposits during 2025.
Gauntlet’s role is key. It constantly reallocates funds across markets to maximize yield. One of its key vaults, the USDC Prime, hosts $438 million and delivers a 3.86% net annual yield. This beats traditional savings by a noticeable margin while letting users keep control of their assets at all times. Morpho’s lenders earned $227 million in interest last year, reflecting a 400% jump from the year prior a sign that demand for DeFi lending is heating up.
