Curve Best Yields & Key Metrics | Week 21, 2026

Market Overview

After a few weeks of optimism, crypto markets appear nervous again. Within Curve work is continuing behind the scenes, although only a few notable updates occurred this week:

• TVL declined slightly, down 2.6% to $1.951B.
• Optimizations proposed for the TricryptoUSDT pool suggest the pool could generate around 50% more fees and yield with adjusted parameters, with DAO voting now underway.
• Many inactive or stale Llamalend markets on L2s are being cleaned up by LlamaRisk ahead of Llamalend V2 (soon™).

There are still many attractive yields available on Curve, with highlighted opportunities and weekly metrics shown 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.

Top USD Yields

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

Chain	Market	Type	Yield
	frxUSD USP	Pool	159.2%
	frxUSD AZND	Pool	31.8%
	ynUSDx scrvUSD	Pool	22.9%
	frxUSD USG	Pool	21.8%
	USDC USG	Pool	17.1%
	sdUSD OUSD	Pool	16.9%
	frxUSD ebUSD	Pool	15.1%
	evaUSDC avUSD	Pool	14.9%

Top BTC & ETH Yields

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

Chain	Market	Asset	Yield
	frxETH evaETH	ETH	25.2%
	alETH frxETH	ETH	8.8%
	WETH pufETH	ETH	7.5%
	cbBTC WBTC LBTC	BTC	2.2%
	WBTC cbBTC hemiBTC	BTC	0.9%
	tBTC WBTC	BTC	0.9%

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	9.6%
	crvUSD CJPY	FOREX	5.1%
	EURe WXDAI USDC USDT	FOREX	4.9%
	crvUSD ZCHF	FOREX	3.5%
	crvUSD tBTC WETH	TRICRYPTO	2.8%
	XAUt PAXG	GOLD	0.3%

Weekly Metrics

crvUSD & scrvUSD

The amount of crvUSD minted declined this week as borrowing rates increased and markets became more risk-off. Despite this, the crvUSD system remained stable and the peg held strong.

Metric	Value	Change
crvUSD Minted	$54.9M	-16.6%
scrvUSD Yield	3.9%	+2.7%
crvUSD inscrvUSD	38.5%	+8.3%
crvUSD Price	$0.9999	-
Avg. Borrow Rate	5.3%	+3.3%
Peg Stability Reserves	$0	-$23.4M
PegKeeper Profit	$1.27k	-$1.46k

Llamalend

Declining crvUSD minting negatively impacted Llamalend metrics this week.

DEX

Curve’s DEX saw mixed metrics, with lower overall trading volume, but significantly more low-value swaps and more than double the total fees generated.

DAO

The DAO saw another strong distribution once again, with $166k distributed to veCRV lockers. With CRV declining slightly, veCRV APR and emissions were close to neutral overall.

Metric	Value	Change
CRV Circ. Supply	1.52B	+0.2%
CRV Locked	854M	-0.1%
Total veCRV	789M	+0.1%
veCRV Distribution	$166k	+59.2%
veCRV APR	4.643%	+2.061%
CRV Emissions	$545k (2.22M CRV)	-6.0%
Inflation Rate	4.853%	-0.005%

Top Stableswap Pools

There were several rotations between major assets, with ETH pools returning to the top 10 by volume.

📍	🔄	Chain	Pool	Volume	Fees
1	-		sUSDS USDT	$349.8M	$6.6k
2	-		PYUSD USDS	$293.3M	$3.0k
3	+1		DAI USDC USDT	$112.1M	$16.8k
4	-1		USDC USDT	$104.7M	$1.4k
5	+5		USDT crvUSD	$46.5M	$4.6k
6	+3		USDC RLUSD	$43.3M	$8.7k
7	-		USDC USDat	$41.1M	$4.1k
8	-2		USDC crvUSD	$40.3M	$4.0k
9	+2		ETH stETH	$32.8M	$3.3k
10	+5		WETH weETH	$31.3M	$1.9k

Top Cryptoswap Pools

The EUR/USD forex pool on Gnosis continues to stand out, with more than 100% liquidity utilization each day and a 7.29% weekly yield generated purely from trading fees, without incentives.

📍	🔄	Chain	Pool	Volume	Fees
1	-		USDT WBTC WETH	$8.8M	$4.8k
2	-		USDC WBTC WETH	$7.4M	$4.0k
3	+2		EURe WXDAI USDC USDT	$3.5M	$1.2k
4	-1		crvUSD WETH CRV	$3.3M	$1.8k
5	+5		WETH cbETH	$2.6M	$857.4
6	-		WETH CVX	$1.0M	$3.5k

Gauge Winners & Losers

As this was a non-voting week for Convex, most gauges saw only minor emission changes.

📍	Chain	Pool	TVL	CRV Emissions	Change
1		USDC USG	$2.23M	29.6k	+415
2		msUSD FRAX USDC	$6.11M	60.3k	+309
3		ETH ETHx	$1.24M	6.98k	+273
...	...	...	...	...	...
-3		OETH ARM-WETH-stETH	$150k	0	-267
-2		frxUSD evaUSDT	$1.21M	11.9k	-273
-1		SDT cvgSDT	$54.7k	102	-522

DEX Winners & Losers

Fees Winners & Losers

3pool (DAI/USDC/USDT) continued to generate strong fees for the DAO, producing $16.8k this week. Both USDS pools and PYUSD saw exceptionally strong activity last week, making weaker fee performance this week unsurprising.

📍	Chain	Pool	Volume	Fees	Change
1		DAI USDC USDT	$112M	$16.8k	+$3.39k
2		msETH WETH	$10.4M	$4.16k	+$3.27k
3		msUSD FRAX USDC	$7.16M	$2.86k	+$2.36k
...	...	...	...	...	...
-3		sUSDS USDT	$350M	$6.6k	-$5.46k
-2		USDS stUSDS	$7.2M	$8.6k	-$5.87k
-1		PYUSD USDC	$26.6M	$2.7k	-$6.24k

Volume Winners & Losers

3pool also led weekly volume growth, with the tBTC pool finishing second.

📍	Chain	Pool	Volume	Fees	Change
1		DAI USDC USDT	$112M	$16.8k	+$22.6M
2		WBTC tBTC	$17.5M	$1.75k	+$12.2M
3		USDT crvUSD	$46.5M	$4.65k	+$8.52M
...	...	...	...	...	...
-3		PYUSD USDC	$26.6M	$2.7k	-$61.4M
-2		USDC USDT	$105M	$1.43k	-$145M
-1		sUSDS USDT	$350M	$6.6k	-$573M

TVL Winners & Losers

Apyx’s apxUSD pool led TVL growth this week, while PegKeeper-related pools and stETH pools saw the largest declines due to PegKeeper withdrawals and ETH price depreciation.

📍	Chain	Pool	TVL	Change
1		apxUSD USDC	$39.5M	+$14M
2		USDC USDT	$10.9M	+$3.35M
3		USDC USDat	$21.8M	+$2.62M
...	...	...	...	...
-3		ETH stETH	$88.5M	-$5.2M
-2		frxUSD crvUSD	$18M	-$9.31M
-1		USDT crvUSD	$22.9M	-$13.4M

Llamalend Winners & Losers

crvUSD Minting Markets - Borrowing Winners & Losers

No market saw significant borrowing inflows this week, as higher borrowing rates and declining crypto prices led borrowers to reduce risk.

📍	Chain	Market	Collateral	Borrowed	Change
1		crvUSD weETH	$13.6M	$10.2M	+$8.24k
2		crvUSD sfrxETH	$344k	$153k	+$205
3		crvUSD LBTC	$3.25	$1.05	+$0.00258
...	...	...	...	...	...
-3		crvUSD wstETH	$30.1M	$19.2M	-$1.79M
-2		crvUSD cbBTC	$2.26M	$1.29M	-$2.14M
-1		crvUSD WBTC	$37.4M	$15.6M	-$6.67M

Lend Markets - Borrowing Winners & Losers

Only minor rotations occurred between established lending markets.

📍	Chain	Market	Supplied	Borrowed	Change
1		crvUSD WBTC	$3.94M	$3.03M	+$140k
2		crvUSD fxSAVE	$460k	$326k	+$68.6k
3		crvUSD asdCRV	$912k	$429k	+$21.3k
...	...	...	...	...	...
-3		crvUSD wstETH	$818k	$652k	-$39.1k
-2		crvUSD CRV	$3.08M	$3.08M	-$136k
-1		crvUSD sfrxUSD	$17.6M	$12.4M	-$153k

Lend Markets - Supplying Winners & Losers

The sfrxUSD market saw the largest increase in supplied capital this week, as users continued rotating between stablecoin lending opportunities in search of yield.

📍	Chain	Market	Supplied	Borrowed	Change
1		crvUSD sfrxUSD	$17.6M	$12.4M	+$1.34M
2		crvUSD WBTC	$3.94M	$3.03M	+$285k
3		crvUSD asdCRV	$912k	$429k	+$96.3k
...	...	...	...	...	...
-3		crvUSD wstETH	$818k	$652k	-$140k
-2		crvUSD fxSAVE	$460k	$326k	-$1.11M
-1		crvUSD sreUSD	$25.5M	$18.6M	-$1.6M

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.