Hassan Maishera
On Friday, the Uniswap team announced via a blog post that Earn is now available in the Uniswap Web App and Wallet. Users can put their USDC, USDT, and ETH to work and start earning yield without leaving Uniswap.
Earn lets users lend their assets and collect yield, all inside the Uniswap Web App and Wallet. When users deposit, Earn allocates their assets across onchain lending markets where borrowers pay interest to access the funds. That interest flows back to users continuously as yield.
It takes one signature to deposit, with nothing to manage after that. Earn is self-custodial, so the funds stay in users’ control from deposit to withdrawal, with no lockup or cooldown period.
Under the hood, the vault infrastructure is powered by Morpho and curated by Gauntlet. At launch, Earn supports USDC, USDT, and ETH on Ethereum mainnet.
Uniswap is a decentralized exchange protocol built on Ethereum. To be more precise, it is an automated liquidity protocol. No order book or centralized party is required to make trades.
Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens.
An example of an automated market maker (AMM), Uniswap launched in November 2018, but has gained considerable popularity this year thanks to the DeFi phenomenon and associated surge in token trading.
Uniswap aims to keep token trading automated and completely open to anyone who holds tokens, while improving the efficiency of trading versus that on traditional exchanges.
Uniswap creates more efficiency by solving liquidity issues with automated solutions, avoiding the problems that plagued the first decentralized exchanges.
UNI, the native token of Uniswap, is currently trading at $4.40, down 0.6% in the last 24 hours.
