Key Takeaways
Beginning July 31, 2026, Uniswap users can earn yield on USDC, USDT, and ETH through Uniswap Earn, directly in the Uniswap web app and wallet, powered by Gauntlet-curated Morpho vaults on Ethereum.
The launch is a three-way collaboration: Uniswap brings DeFi's most recognizable interface and distribution, Morpho provides the lending infrastructure, and Gauntlet curates and risk-manages the vaults, allocating capital across onchain markets and adjusting positions as conditions change.
The three Earn vaults (USDC Prime, USDT Prime, and WETH Prime) are curated by Gauntlet under its Prime risk mandate: overcollateralized lending on blue-chip collateral markets, with risk configuration, market allocation, and exposure limits managed by Gauntlet's proprietary risk engine.
Earn is built into the Uniswap experience rather than bolted on. When swapping into USDC, USDT, or wETH, users can tick a checkbox to supply directly into Earn as part of the swap; the mobile wallet has a dedicated Earn entry point; and vault views surface APY, exposure, and curator information alongside portfolio balances.
From July 31, Uniswap users can:
- Supply USDC, USDT, or ETH into Earn directly from the web app or wallet.
- Earn yield from overcollateralized lending markets, curated and rebalanced by Gauntlet.
- Track APY, exposure, and allocations in-app, with full custody of their funds at all times.
Read the full announcement on The Block.
Blog
View the full presentation
Read the full paper
