Curve Best Yields & Key Metrics | Week 20, 2026

Market Overview

The work continues at Curve this week, with new developments here and coming soon:

• TVL decreased 2.6% to $2.001B
• Voting is ongoing to add the new and audited FXSwap pools to the catalog of implementations. The updates make these pools more efficient and less leaky to Arbitrage bots
• LlamaRisk posted a proposal to depreciate all unused and broken LlamalendV1 markets in anticipation of LlamalendV2 launching in the coming months
• New pools for Tangent Finance's USG stablecoin, based on the crvUSD design, are now live and offering high yields

As always, there are many opportunities available below alongside this week's highlighted metrics.

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.

Top USD Yields

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

Chain	Market	Type	Yield
	USDC USG	Pool	192%
	frxUSD USG	Pool	184%
	frxUSD USP	Pool	184%
	sdUSD OUSD	Pool	23.6%
	frxUSD ebUSD	Pool	17.9%
	evaUSDC avUSD	Pool	17.8%
	reUSD sfrxUSD	Pool	17.2%
	frxUSD sUSDat	Pool	14.5%

Top BTC & ETH Yields

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

Chain	Market	Asset	Yield
	frxETH evaETH	ETH	54.8%
	alETH WETH	ETH	10.8%
	msETH OETH	ETH	8.2%
	cbBTC WBTC LBTC	BTC	2.6%
	cbBTC WBTC	BTC	0.7%
	eBTC WBTC	BTC	0.6%

Other Top Yields

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

Chain	Market	Asset	Yield
	CRV sdCRV	CRV	10.2%
	CRV cvxCRV	CRV	9.9%
	crvUSD CJPY	FOREX	5.7%
	crvUSD ZCHF	FOREX	5.1%
	EURe WXDAI USDC USDT	FOREX	4.6%
	crvUSD tBTC WETH	TRICRYPTO	3.4%
	XAUt PAXG	GOLD	0.1%

Weekly Metrics

crvUSD & scrvUSD

Borrowers continue minting crvUSD at low rates, steadily increasing supply. Overall ecosystem conditions remain stable and healthy.

Metric	Value	Change
crvUSD Minted	$65.8M	+1.4%
scrvUSD Yield	1.2%	+0.6%
crvUSD inscrvUSD	30.0%	-1.9%
crvUSD Price	$0.9999	-$0.0001
Avg. Borrow Rate	2.0%	+0.9%
Peg Stability Reserves	$23.4M	-$47.4M
PegKeeper Profit	$2.74k	-$1.78k

Llamalend

It was a quiet week for Llamalend, with only small changes across most metrics. No new markets are expected before LlamalendV2 launches in the coming months.

DEX

Curve's DEX saw a decline in TVL this week, while all other major metrics increased.

DAO

The DAO saw a large increase in veCRV distributions this week. CRV price appreciation also pushed the total value of emissions higher.

Metric	Value	Change
CRV Circ. Supply	1.51B	+0.2%
CRV Locked	856M	-
Total veCRV	788M	-0.2%
veCRV Distribution	$104k	+61.5%
veCRV APR	2.569%	+0.823%
CRV Emissions	$580k (2.22M CRV)	+10.4%
Inflation Rate	4.857%	-0.004%

Top Stableswap Pools

Once again, USDS won the week for highest stablecoin demand, with over $1.3B traded across its pools. Other notably high-demand pairs included PYUSD/USDC and f(x)'s fxUSD/USDC.

📍	🔄	Chain	Pool	Volume	Fees
1	-		sUSDS USDT	$923.0M	$12.1k
2	-		PYUSD USDS	$305.9M	$3.4k
3	+1		USDC USDT	$249.8M	$2.7k
4	+2		DAI USDC USDT	$89.5M	$13.4k
5	+10		PYUSD USDC	$88.0M	$8.9k
6	-1		USDC crvUSD	$51.9M	$5.2k
7	+3		USDC USDat	$48.2M	$4.8k
8	+8		USDC fxUSD	$39.5M	$4.5k
9	-		USDC RLUSD	$38.2M	$7.9k
10	-2		USDT crvUSD	$37.9M	$3.8k

Top Cryptoswap Pools

Both CRV and CVX were in demand this week, as they appreciated in value.

📍	🔄	Chain	Pool	Volume	Fees
1	+1		USDT WBTC WETH	$7.7M	$4.0k
2	-1		USDC WBTC WETH	$6.0M	$3.2k
3	+1		crvUSD WETH CRV	$4.6M	$3.0k
4	-1		USDT WBTC WETH	$3.3M	$5.1k
5	-		EURe WXDAI USDC USDT	$2.3M	$753.6
6	+3		WETH CVX	$1.7M	$6.2k

Gauge Winners & Losers

It was one of the biggest gauge weight changes in recent memory, with pmUSD pools winding back emissions while waiting to enable redemption and improve the peg. The major winners were DOLA, MIM and Resupply's reUSD.

📍	Chain	Pool	TVL	CRV Emissions	Change
1		DOLA sUSDe	$61M	130k	+126k
2		MIM DAI USDC USDT	$11.3M	101k	+62k
3		reUSD sfrxUSD	$1.93M	53.5k	+42.4k
...	...	...	...	...	...
-3		pmUSD iREET	$598k	25.7k	-75.1k
-2		pmUSD frxUSD	$5.89M	62.1k	-160k
-1		pmUSD crvUSD	$6.55M	74.4k	-184k

DEX Winners & Losers

Fees Winners & Losers

USDS, in its various forms, saw strong demand this week. A new GOLD/FLY pool also generated unusually high fees relative to its liquidity, while activity in the optimized stETH pool normalized after elevated demand last week.

📍	Chain	Pool	Volume	Fees	Change
1		USDS stUSDS	$9.66M	$14.5k	+$13.8k
2		PYUSD USDC	$88M	$8.94k	+$7.7k
3		₿Gold FLY	$199k	$5.93k	+$5.93k
...	...	...	...	...	...
-3		pmUSD crvUSD	$1.7M	$862	-$3.53k
-2		apyUSD apxUSD	$2.23M	$4.46k	-$6.66k
-1		ETH stETH	$25M	$2k	-$12.6k

Volume Winners & Losers

Many bluechip stablecoins saw strong demand this week.

📍	Chain	Pool	Volume	Fees	Change
1		sUSDS USDT	$923M	$12.1k	+$187M
2		USDC USDT	$250M	$2.7k	+$126M
3		PYUSD USDS	$306M	$3.4k	+$103M
...	...	...	...	...	...
-3		USDC crvUSD	$51.9M	$5.19k	-$8.69M
-2		NUSD USDC	$7.27M	$735	-$10.5M
-1		ETH stETH	$25M	$2k	-$158M

TVL Winners & Losers

crvUSD PegKeepers were responsible for many of the major TVL movements this week, withdrawing liquidity from several pools while increasing deposits into frxUSD.

Alchemix's alETH pool also nearly doubled in TVL following years of continued development work and the recent launch of V3.

📍	Chain	Pool	TVL	Change
1		USDC RLUSD	$85.9M	+$5.51M
2		frxUSD crvUSD	$27.4M	+$3.05M
3		alETH WETH	$5.14M	+$2.09M
...	...	...	...	...
-3		USDT crvUSD	$35.6M	-$9.21M
-2		PYUSD crvUSD	$6.1M	-$15.7M
-1		USDC crvUSD	$25.5M	-$33M

Llamalend Winners & Losers

crvUSD Minting Markets - Borrowing Winners & Losers

Only the deprecated sfrxETH market saw a small outflow this week, while all other markets increased borrowed amounts, led by WETH.

📍	Chain	Market	Collateral	Borrowed	Change
1		crvUSD WETH	$5.6M	$2.54M	+$367k
2		crvUSD WBTC	$50.8M	$22.3M	+$214k
3		crvUSD wstETH	$34.7M	$21M	+$144k
...	...	...	...	...	...
-3		crvUSD weETH	$13.8M	$10.2M	+$16.9k
-2		crvUSD LBTC	$3.34	$1.04	+$0.00237
-1		crvUSD sfrxETH	$366k	$153k	-$0.00098

Lend Markets - Borrowing Winners & Losers

WBTC saw a strong percentage inflow this week, while some capital also appeared to rotate from sreUSD into stablecoin markets such as sfrxUSD and sUSDe.

📍	Chain	Market	Supplied	Borrowed	Change
1		crvUSD WBTC	$3.65M	$2.89M	+$414k
2		crvUSD sfrxUSD	$16.3M	$12.5M	+$234k
3		crvUSD sUSDe	$2.77M	$2.18M	+$191k
...	...	...	...	...	...
-3		crvUSD WETH	$700k	$474k	-$12k
-2		crvUSD CRV	$3.21M	$3.21M	-$38.7k
-1		crvUSD sreUSD	$27.1M	$18.5M	-$573k

Lend Markets - Supplying Winners & Losers

sreUSD saw a meaningful outflow this week, while fxSAVE absorbed a large amount of crvUSD liquidity.

📍	Chain	Market	Supplied	Borrowed	Change
1		crvUSD fxSAVE	$1.48M	$258k	+$1.15M
2		crvUSD asdCRV	$816k	$408k	+$43k
3		crvUSD wstETH	$958k	$691k	+$34.4k
...	...	...	...	...	...
-3		crvUSD WETH	$334k	$240k	-$106k
-2		crvUSD WETH	$700k	$474k	-$112k
-1		crvUSD sreUSD	$27.1M	$18.5M	-$2.4M

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.