Uniswap, the largest decentralized crypto exchange by trading volume, is expanding beyond trading with the launch of "Earn," a new product built with Morpho, the second-largest decentralized lending protocol.
The Uniswap Earn product lets users deposit USDC, USDT, and ether into three Gauntlet-curated Morpho vaults, where the assets are lent to borrowers through Morpho's lending markets.
The interest paid by borrowers becomes the yield earned by depositors.
Users keep custody of their assets and can withdraw them at any time, Uniswap said.
"Uniswap was built to give people open, direct access to onchain markets and Earn is a natural next step," Anthony Beshay, staff product manager at Uniswap, said in a statement.
