Curve Best Yields & Key Metrics | Week 1, 2026

Market Overview

Welcome to 2026, a whole new year! 🥳

Curve doesn't stop and neither will the yields (for the next 100 years at least). As the market chop continues, TVL has declined modestly, down 2.3% to $2.465B over the past week.

Check out all the highlighted opportunities and weekly metrics below.

Top Yields

All yields shown below are the unboosted rates offered directly through Curve. However, projects such as Convex, StakeDAO and Yearn all offer boosting for these yields.

Premier crvUSD Pools

Chain	Market	TVL	Yield
	frxUSD crvUSD	$36M	4.5%
	crvUSD sDOLA	$32.1M	4.5%
	crvUSD sreUSD	$20.9M	4.3%
	reUSD scrvUSD	$15.5M	4.0%
	USDC crvUSD	$40M	3.7%

Other Top USD Yields

Chain	Market	Type	Yield
	USDp frxUSD	Pool	19.6%
	USDS stUSDS	Pool	18.5%
	USDT0 sUSDe	Pool	16.3%
	crvUSD CRV	Llamalend	14.1%
	alUSD USDC	Pool	11.1%
	ynUSDx USDC	Pool	11.1%
	frxUSD msUSD	Pool	10.6%
	crvUSD VUSD	Pool	10.2%
	crvUSD asdCRV	Llamalend	8.7%

Top BTC & ETH Yields

Chain	Market	Asset	Yield
	WBTC cbBTC hemiBTC	BTC	18.3%
	WBTC LBTC BTC.b	BTC	11.6%
	msETH OETH	ETH	6.7%
	msETH WETH	ETH	5.5%
	ynETH ynETHx	ETH	5.2%
	uniBTC brBTC	BTC	5.0%

Other Top Yields

Chain	Market	Asset	Yield
	CrossCurve CRV 2	CRV	14.6%
	CRV sdCRV	CRV	11.6%
	EURe WXDAI USDC USDT	FOREX	9.0%
	crvUSD CJPY	FOREX	8.1%
	EURA EURT EURS	EUR	6.9%
	crvUSD ZCHF	FOREX	6.5%
	GHO cbBTC WETH	TRICRYPTO	6.2%
	EURA EURC	EUR	4.4%

Weekly Metrics

crvUSD & scrvUSD

The crvUSD minted supply continues to climb, posting a notable 4.2% increase this week. This growth is particularly significant as it persists despite a slight struggle across broader crypto markets and the typical holiday lull.

Metric	Value	Change
crvUSD Minted	$76.7M	+4.2%
scrvUSD Yield	0.8%	+0.1%
crvUSD inscrvUSD	26.3%	-8.6%
crvUSD Price	$0.9994	-$0.0001
Avg. Borrow Rate	1.0%	+0.1%
Peg Stability Reserves	$57M	-
PegKeeper Profit	$0	-$6.92k

Llamalend

Llamalend metrics have once again mostly increased this week. The only exception is the amount of crvUSD supplied to markets, which decreased slightly as lenders rotate capital toward better yield opportunities currently available within Curve pools.

DEX

DEX pool's saw a decline, mostly from an outflow of Sky's stUSDS in pools as they modified their incentive structure.

DAO

As volatility slows and crvUSD borrow rates remain low to incentivize supply expansion, veCRV holders saw a lower-than-usual distribution this week.

Metric	Value	Change
CRV Circ. Supply	1.46B	+1.5%
CRV Locked	859M	-0.2%
Total veCRV	794M	+0.4%
veCRV Distribution	$57.3k	-47.3%
CRV Emissions	$858k (2.22M CRV)	+8.1%
Inflation Rate	4.946%	-0.005%

Top Stableswap Pools

Demand for crvUSD continues to climb, with two of its pools now ranking in the top 10. Additionally, USDS and PYUSD pools are seeing high demand this week, reflecting a strong appetite for these assets within the ecosystem.

📍	🔄	Chain	Pool	Volume	Fees
1	-		PYUSD USDS	$368.5M	$4.1k
2	+2		USDT crvUSD	$64.9M	$6.5k
3	-1		DAI USDC USDT	$59.7M	$9.0k
4	-1		sUSDS USDT	$49.9M	$1.3k
5	+4		USDC crvUSD	$29.8M	$3.0k
6	+4		WETH weETH	$26.5M	$1.5k
7	+1		USDC USDT	$24.8M	$474.5
8	+4		USDai USDC	$23.5M	$2.4k
9	+7		PYUSD USDC	$22.0M	$2.6k
10	+3		WBTC tBTC	$21.2M	$2.1k

Top Cryptoswap Pools

As usual, the Tricrypto pools led the week in volume. The standout surprise was the YB/crvUSD pool, which jumped up seven spots in the rankings to secure a top position.

📍	🔄	Chain	Pool	Volume	Fees
1	-		USDC WBTC WETH	$20.9M	$9.3k
2	-		USDT WBTC WETH	$16.6M	$7.2k
3	+1		USDT WBTC WETH	$13.6M	$13.1k
4	-1		crvUSD WETH CRV	$10.2M	$4.9k
5	+7		crvUSD YB	$1.7M	$6.3k
6	-1		WETH CVX	$1.7M	$6.3k

DEX Winners & Losers

Fees Winners & Losers

With the surge in YB demand, it led the week in terms of fee growth from swappers. PYUSD pools also saw strong growth for the week.

📍	Chain	Pool	Volume	Fees	Change
1		crvUSD YB	$1.74M	$6.29k	+$4.22k
2		PYUSD USDS	$369M	$4.15k	+$2.42k
3		PYUSD USDC	$22M	$2.56k	+$1.63k
...	...	...	...	...	...
-3		ETH stETH	$5.86M	$586	-$7.18k
-2		DAI USDC USDT	$59.7M	$8.96k	-$7.57k
-1		USDC RLUSD	$13M	$2.66k	-$9.59k

Volume Winners & Losers

PYUSD pools led the week in volume growth, while stETH pools saw a decline in activity. This shift may be attributed to the ETH staking withdrawal queue reducing to less than four days, potentially lowering the immediate need for secondary market liquidity.

📍	Chain	Pool	Volume	Fees	Change
1		PYUSD USDS	$369M	$4.15k	+$205M
2		PYUSD USDC	$22M	$2.56k	+$12.9M
3		WBTC tBTC	$21.2M	$2.12k	+$4.6M
...	...	...	...	...	...
-3		sUSDS USDT	$49.9M	$1.31k	-$54.5M
-2		ETH stETH	$4.19M	$335	-$62.6M
-1		ETH stETH	$5.86M	$586	-$71.8M

TVL Winners & Losers

DOLA continues to see strong TVL increases across Curve, while the hemiBTC pool also posted robust growth fueled by its generous incentives.

Conversely, the sUSDS/stUSDS pool experienced a large outflow this week as its specific incentive program concluded. However, significant opportunity remains in the other USDS/stUSDS pool, which is still offering over 18% APR.

📍	Chain	Pool	TVL	Change
1		DOLA sUSDe	$85M	+$4.05M
2		WBTC cbBTC hemiBTC	$5.5M	+$3.75M
3		ETH+ WETH	$17.9M	+$3.05M
...	...	...	...	...
-3		PYUSD USDC	$25.1M	-$5.53M
-2		USDS stUSDS	$13.8M	-$21.7M
-1		sUSDS stUSDS	$5.23M	-$57.8M

Llamalend Winners & Losers

crvUSD Minting Markets - Borrowing Winners & Losers

With a negative real interest rate for borrowing against ETH staking derivatives, it’s no surprise they saw the highest growth this week.

📍	Chain	Market	Collateral	Borrowed	Change
1		crvUSD wstETH	$14.3M	$7.89M	+$1.57M
2		crvUSD weETH	$2.04M	$1.14M	+$1.01M
3		crvUSD WBTC	$64.3M	$35.3M	+$846k
...	...	...	...	...	...
-3		crvUSD sfrxETH	$478k	$150k	-$14
-2		crvUSD tBTC	$11M	$7.16M	-$130k
-1		crvUSD WETH	$33.6M	$18.9M	-$223k

Lend Markets - Borrowing Winners & Losers

The sDOLA and sreUSD markets both maintained their growth momentum this week. In contrast, several other staked stablecoin markets saw modest outflows as yields across the broader DeFi landscape continue to compress.

📍	Chain	Market	Supplied	Borrowed	Change
1		crvUSD sDOLA	$32.1M	$25.9M	+$1.95M
2		crvUSD sreUSD	$20.9M	$17.9M	+$671k
3		crvUSD WBTC	$990k	$748k	+$71.7k
...	...	...	...	...	...
-3		crvUSD sUSDe	$3.09M	$2.68M	-$233k
-2		crvUSD fxSAVE	$9.32M	$8.71M	-$495k
-1		crvUSD sfrxUSD	$7.45M	$6.42M	-$578k

Lend Markets - Supplying Winners & Losers

sDOLA saw a notable increase in crvUSD supplied to its market this week. In contrast, sreUSD deviated from its usual trend, experiencing an outflow of supplied crvUSD which slightly pushed up borrow rates for remaining users. This marks the first time a single market has simultaneously landed in both the "winners" and "losers" categories within a single week.

📍	Chain	Market	Supplied	Borrowed	Change
1		crvUSD sDOLA	$32.1M	$25.9M	+$1.81M
2		crvUSD WBTC	$728k	$367k	+$41.1k
3		crvUSD sfrxETH	$907k	$540k	+$33.8k
...	...	...	...	...	...
-3		crvUSD sreUSD	$20.9M	$17.9M	-$469k
-2		crvUSD sfrxUSD	$7.45M	$6.42M	-$559k
-1		crvUSD fxSAVE	$9.32M	$8.71M	-$640k

Curve's ecosystem continues to expand rapidly, welcoming new teams and pools weekly. If you're interested in launching a pool, lending market, or simply want to connect with the community, join us on Telegram or Discord.

Risk Disclaimer

References to specific pools or Llamalend markets do not constitute endorsements of their safety. We strongly encourage conducting personal risk analysis before engaging with any pools or markets. Please review our detailed risk disclaimers: Pool Risk Disclaimer, Llamalend Risk Disclaimer, crvUSD Risk Disclaimer.