Uniswap launched Earn on July 31, a lending product built on Morpho’s infrastructure that lets users deposit USDC, USDT, and ETH into Gauntlet-curated vaults and collect yield while maintaining self-custody of their funds. Gauntlet’s vaults have accumulated nearly $1 billion in assets under management in roughly a year and a half. Coinbase and Robinhood have also launched similar Earn products using Morpho as infrastructure. The UNI token ticked up about 1% on launch day to approximately $4.32, with a market capitalization of $2.7 billion.
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