Curve Best Yields & Key Metrics | Week 14, 2026

Market Overview

Curve TVL slipped back below $2B this week, falling 2.0% to $1.96B. The main factor is macro conditions reducing appetite for risk, also causing DEX volumes to fall and yields to compress.

Swiss Stake has posted their new grant extension proposal on the governance forum. Please read through it and provide any feedback you feel could help.

As always, see 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

All highlighted markets below have more than $10M of TVL.

Chain	Market	TVL	Yield
	pmUSD crvUSD	$15.6M	12.1%
	PYUSD crvUSD	$37.5M	8.5%
	scrvUSD	$34.1M	4.0%
	USDT crvUSD	$18.6M	2.7%
	USDC crvUSD	$21.7M	2.6%

Other Top USD Yields

All yields are calculated assuming a minimum of $100k TVL.

Chain	Market	Type	Yield
	ynUSDx scrvUSD	Pool	23.0%
	BUCK USDC	Pool	21.1%
	ynRWAx USDC	Pool	20.2%
	OUSD eUSD	Pool	18.9%
	sdUSD frxUSD	Pool	15.7%
	MUSD USDC USDT	Pool	15.1%
	crvUSD sfrxUSD	Llamalend	14.9%
	ynRWAx ynUSDx	Pool	13.1%

Top BTC & ETH Yields

All yields are calculated assuming a minimum of $100k TVL.

Chain	Market	Asset	Yield
	alETH WETH	ETH	9.7%
	msETH OETH	ETH	9.1%
	WETH pufETH	ETH	8.5%
	cbBTC WBTC LBTC	BTC	3.4%
	WBTC cbBTC hemiBTC	BTC	1.3%
	cbBTC tBTC WBTC	BTC	0.7%

Other Top Yields

All yields are calculated assuming a minimum of $100k TVL.

Chain	Market	Asset	Yield
	CRV vsdCRV asdCRV	CRV	9.8%
	CRV yCRV	CRV	8.8%
	EURe WXDAI USDC USDT	FOREX	7.4%
	crvUSD ZCHF	FOREX	5.4%
	crvUSD tBTC WETH	TRICRYPTO	3.7%
	XAUt PAXG	GOLD	0.1%

Weekly Metrics

crvUSD & scrvUSD

The minted crvUSD supply has finally stabilized now that borrowing rates were manually decreased, even as the peg is lower than usual.

Metric	Value	Change
crvUSD Minted	$19.1M	-
scrvUSD Yield	4.0%	-0.5%
crvUSD inscrvUSD	178.2%	-3.5%
crvUSD Price	$0.997	-$0.0024
Avg. Borrow Rate	6.5%	+0.9%
Peg Stability Reserves	$0	-
PegKeeper Profit	$0	-$700

Llamalend

Llamalend was quiet this week. Aggregate balances barely moved; the only noticeable decline was due to collateral values decreasing.

DEX

Curve's DEX had a clear cooldown week. TVL only fell modestly, but volume, swaps, and fees all dropped much more sharply due to quieter than usual markets.

DAO

CRV emissions in USD terms decreased this week due to the CRV price falling. The veCRV distribution was also lower this week after last week's spike.

Metric	Value	Change
CRV Circ. Supply	1.49B	+0.1%
CRV Locked	857M	-
Total veCRV	781M	+0.1%
veCRV Distribution	$49.2k	-57.9%
veCRV APR	1.591%	-1.809%
CRV Emissions	$480k (2.22M CRV)	-5.5%
Inflation Rate	4.885%	-0.004%

Top Stableswap Pools

PYUSD/USDS still dominated this week, while RLUSD continued to punch above its size on fees, and Ethena's USDtb re-entered the leaderboard with a big jump in volume.

📍	🔄	Chain	Pool	Volume	Fees
1	-		PYUSD USDS	$379.7M	$4.5k
2	-		sUSDS USDT	$70.6M	$1.4k
3	+1		USDC RLUSD	$66.6M	$13.5k
4	-1		USDC USDT	$62.1M	$937.2
5	-		DAI USDC USDT	$50.4M	$7.6k
6	+2		USDC crvUSD	$34.5M	$3.4k
7	+5		sDAI sUSDe	$30.7M	$6.2k
8	+5		msETH WETH	$29.0M	$11.6k
9	+17		USDC USDtb	$28.8M	$3.1k
10	-		USDT crvUSD	$20.4M	$2.0k

Top Cryptoswap Pools

Cryptoswap activity stayed very conventional this week, with the major Tricrypto pools holding the top spots again. The more interesting move was the Gnosis EURe/WXDAI/USDC/USDT pool pushing into the top six.

📍	🔄	Chain	Pool	Volume	Fees
1	-		USDC WBTC WETH	$11.4M	$6.4k
2	-		USDT WBTC WETH	$9.7M	$5.9k
3	+2		USDT WBTC WETH	$6.8M	$12.8k
4	-1		crvUSD WETH CRV	$5.7M	$3.1k
5	+2		EURe WXDAI USDC USDT	$3.7M	$1.2k
6	+4		ETH+ eUSD RSR	$1.8M	$1.5k

Gauge Winners & Losers

It was a big week for gauge rotations. RAAC's pmUSD pools were the big winners (as well as the biggest loser), while OETH/WETH also increased their emissions by a large amount.

📍	Chain	Pool	TVL	CRV Emissions	Change
1		pmUSD iREET	$7.17M	94.4k	+94.4k
2		OETH WETH	$53.2M	73k	+53.4k
3		pmUSD crvUSD	$15.6M	258k	+43.7k
...	...	...	...	...	...
-3		alUSD FRAX USDC	$1.4M	3.23	-18.3k
-2		CRV cvxCRV	$5.53M	88.7k	-29.6k
-1		pmUSD frxUSD	$16.1M	225k	-45.4k

DEX Winners & Losers

Fees Winners & Losers

Fee gains were relatively modest and scattered, which fits the broader cooldown. The more notable story is on the downside: USR and DOLA-linked pools cooled after the unfortunate exploit of USR last week.

📍	Chain	Pool	Volume	Fees	Change
1		STG USDC	$1.38M	$4.75k	+$3.71k
2		msETH WETH	$29M	$11.6k	+$3.02k
3		frxUSD msUSD	$18.6M	$7.64k	+$2.83k
...	...	...	...	...	...
-3		USDC RLUSD	$66.6M	$13.5k	-$11.9k
-2		DOLA sUSDe	$1.07M	$202	-$16.4k
-1		DOLA wstUSR	$644	$0.851	-$21.6k

Volume Winners & Losers

Volume rotated into smaller pockets like USDtb, OETH/WETH, and sDAI/sUSDe, while many of the top pools last week cooled significantly this week.

📍	Chain	Pool	Volume	Fees	Change
1		USDC USDtb	$28.8M	$3.08k	+$17.6M
2		OETH WETH	$15.7M	$1.59k	+$14.3M
3		sDAI sUSDe	$30.7M	$6.22k	+$9.24M
...	...	...	...	...	...
-3		USDC RLUSD	$66.6M	$13.5k	-$58.1M
-2		USDC USDT	$62.1M	$937	-$109M
-1		sUSDS USDT	$70.6M	$1.37k	-$140M

TVL Winners & Losers

Fresh liquidity still found its way into RLUSD and a few newer pools, even in a softer week overall.

📍	Chain	Pool	TVL	Change
1		USDC RLUSD	$103M	+$9.26M
2		USDG USDC	$10.5M	+$2.5M
3		apxUSD USDC	$7.49M	+$2M
...	...	...	...	...
-3		WETH superOETHb	$22.3M	-$5.42M
-2		PYUSD crvUSD	$37.5M	-$5.58M
-1		FRAX USDe	$65.7M	-$9.08M

Llamalend Winners & Losers

crvUSD Minting Markets - Borrowing Winners & Losers

crvUSD minting markets were very quiet again. tBTC was the only market with a clearly positive move, while WETH saw the only meaningful paydown among the larger markets. Overall, these markets were effectively flat.

📍	Chain	Market	Collateral	Borrowed	Change
1		crvUSD tBTC	$5.06M	$3.47M	+$101k
2		crvUSD sfrxETH	$1.31M	$800k	+$9k
3		crvUSD wstETH	$3.05M	$1.65M	+$538
...	...	...	...	...	...
-3		crvUSD cbBTC	$1.14M	$802k	-$987
-2		crvUSD WBTC	$21.3M	$10.3M	-$8.26k
-1		crvUSD WETH	$2.8M	$1.8M	-$154k

Lend Markets - Borrowing Winners & Losers

Lend borrowing was mostly noise this week. Changes were small across the board, suggesting borrowers were largely sitting tight rather than rotating aggressively between markets.

📍	Chain	Market	Supplied	Borrowed	Change
1		crvUSD sUSDe	$2.94M	$1.4M	+$35.1k
2		crvUSD WBTC	$2.96M	$2.32M	+$12.7k
3		crvUSD wstETH	$998k	$765k	+$10.2k
...	...	...	...	...	...
-3		crvUSD tBTC	$27.9k	$3.99k	-$23.1k
-2		crvUSD CRV	$4.28M	$3.3M	-$25.9k
-1		crvUSD sreUSD	$37.7M	$19.5M	-$75.9k

Lend Markets - Supplying Winners & Losers

Supply flows were more informative than borrow flows. Liquidity moved strongly into sfrxUSD, while sreUSD saw a similarly large reduction, suggesting rotation between preferred staked stable venues rather than a broad withdrawal from Llamalend. sDOLA also continued to leak supply at the margin.

📍	Chain	Market	Supplied	Borrowed	Change
1		crvUSD sfrxUSD	$12M	$7.92M	+$1.46M
2		crvUSD wstETH	$998k	$765k	+$77.9k
3		crvUSD asdCRV	$849k	$431k	+$30k
...	...	...	...	...	...
-3		crvUSD sUSDe	$2.94M	$1.4M	-$154k
-2		crvUSD sDOLA	$932k	$58.7k	-$213k
-1		crvUSD sreUSD	$37.7M	$19.5M	-$1.45M

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.