Curve Best Yields & Key Metrics | Week 20, 2025

Market Overview

It was an unfortunate week for Curve, which was targeted by a DNS hack. As a result, the primary domain has changed to curve.finance for the foreseeable future.

Despite the disruption, Curve’s products and smart contracts operated without interruption, and all user funds remained secure. TVL also increased 8.9% to $2.36B, swaps and fees more than doubled week over week, Llamalend continued its growth, and crvUSD borrowing also increased.

This weekly update highlights key opportunities and metrics from across the Curve ecosystem.

Top Yields

Note: for pools with less than $100k TVL, the yield has been calculated as if the pool has $100k TVL.

Top USD Stablecoin Yields

Chain	Market	Type	Yield
	frxUSD USDe	Pool	20.7%
	FRAX USDC	Pool	17.5%
	crvUSD SQUID	LlamaLend	16.5%
	frxUSD dUSD	Pool	15.7%
	OUSD USDC	Pool	15.1%
	frxUSD PYUSD	Pool	14.0%
	USDC USDf	Pool	13.8%
	dUSD sfrxUSD	Pool	13.5%
	msUSD FRAX USDC	Pool	12.9%
	miMATIC USDC.e	Pool	12.6%

Top Alternative Asset Yields

Chain	Pool	ASSET	Yield
	msETH OETH	ETH	55.9%
	CrossCurve CRV	CRV	27.0%
	CRV vsdCRV asdCRV	CRV	21.5%
	crvUSD WBTC WETH	TRICRYPTO	18.0%
	tacBTC cbBTC FBTC	BTC	16.8%
	InsfrxETH sfrxETH	ETH	12.0%
	WETH superOETHb	ETH	10.4%
	EURA EURT EURS	EUR	5.6%
	EBTC tBTC	BTC	4.0%
	WBTC tBTC	BTC	4.0%

Ecosystem Metrics

All changes (shown with + or -) represent the difference compared to values from one week ago.

CrvUSD & scrvUSD Performance

crvUSD supply decreased, but only due to the PegKeeper debt—now renamed Peg Stability Reserves for clarity—reducing its deposited liquidity in the respective pools. Meanwhile, the amount of crvUSD borrowed increased by 10.4%

Metric	Value	Change
crvUSD Total Supply	$170M	-3.8%
crvUSD Debt	$131M	+10.4%
Peg Stability Reserves	$38.2M	-$19.1M
scrvUSD Yield	1.68% APY	+0.26%
crvUSD inscrvUSD	28.92%	-0.56%
crvUSD Peg	$0.9999	-$0.0001
Avg. Borrow Rate	2.88%	+1.72%
Loans	788	+20
Fees	$46.4k	+40.9%

Pool Statistics

It was a strong week for Curve pools, with TVL rising 8.4%, and both volume and fees more than doubling week over week.

Llamalend Performance

Llamalend’s metrics continue to climb steadily week over week. Lenders and borrowers are increasingly entering the market, with many borrowers now taking advantage of the lower rates driven by Resupply dynamics.

Notable Pool Activity

Highest Volume Pools

Mostly the usual suspects this week; however, the Strategic Reserve pools have seen exceptional swap volumes. Notably, the USDC/USDT pool recorded over 40× its TVL in volume, while the USDT/USDe pool saw a remarkable 80× TVL in volume!

Chain	Pool	Volume	TVL
	DAI USDC USDT	$479M	$179M
	USDC USDT	$416M	$10M
	ETH stETH	$187M	$134M
	USDT USDe	$134M	$1.7M
	sUSDS USDT	$128M	$50M

Recently Launched Pools

11 new pools launched this week, adding over $1.3M in TVL. All pools with more than $100k in TVL are listed below.

Chain	Pool	TVL
	msETH OETH	$418k
	reUSD fxUSD	$282k
	scBTC sBTC.b_av	$177k
	scBTC sBTCB_b	$169k
	scBTC scbBTC_ba	$133k
	scBTC sWBTC_e	$102k

Highest Fee Generating Pools

Chain	Pool	Fees	Volume
	USDT WBTC WETH	$54.1k	$29.8M
	DAI USDC USDT	$38.3k	$479M
	USDT WBTC WETH	$25.3k	$34.9M

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.