Curve Best Yields & Key Metrics | Week 22, 2026

Market Overview

Curve's TVL fell 3.2% this week to $1.80B, mostly due to rotation out of the older YieldBasis pools.

crvUSD held up well through the market downturn, with over $25M of deployed PegKeeper reserves and average borrow rates falling slightly. The crvUSD parameter changes and new YieldBasis hybrid vaults both appear to be helping keep the peg strong.

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.

Top USD Yields

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

Chain	Market	Type	Yield
	frxUSD USP	Pool	180%
	ynUSDx scrvUSD	Pool	25.8%
	USDC savUSD	Pool	19.5%
	sdUSD frxUSD	Pool	18.8%
	evaUSDT evaUSDC	Pool	16.1%
	evaUSDC avUSD	Pool	11.1%
	alUSD USDC	Pool	10.7%
	frxUSD avUSD	Pool	10.2%

Top BTC & ETH Yields

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

Chain	Market	Asset	Yield
	alETH WETH	ETH	10.3%
	WETH pufETH	ETH	8.4%
	msETH WETH	ETH	6.6%
	cbBTC WBTC LBTC	BTC	3.0%
	WBTC cbBTC hemiBTC	BTC	1.2%
	tBTC WBTC	BTC	0.8%

Other Top Yields

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

Chain	Market	Asset	Yield
	CRV sdCRV	CRV	13.0%
	CRV crvUSD	CRV	12.2%
	crvUSD CJPY	FOREX	5.1%
	EURe WXDAI USDC USDT	FOREX	4.5%
	crvUSD tBTC WETH	TRICRYPTO	3.8%
	crvUSD ZCHF	FOREX	3.5%
	XAUt PAXG	GOLD	0.4%

Weekly Metrics

crvUSD & scrvUSD

crvUSD showed strength this week, with the peg holding up as minted supply increased to $56.2M and average borrow rates fell to 3.9%. PegKeeper reserves also expanded sharply, adding a larger stability buffer and profit for the DAO.

Metric	Value	Change
crvUSD Minted	$56.2M	+2.3%
scrvUSD Yield	3.6%	-0.3%
crvUSD inscrvUSD	37.3%	-1.2%
crvUSD Price	$0.9989	-$0.001
Avg. Borrow Rate	3.9%	-1.4%
Peg Stability Reserves	$25.6M	+$25.6M
PegKeeper Profit	$4.63k	+$3.35k

Llamalend

Llamalend had a slightly softer headline week, with TVL down 3.1% and collateral down 3.9%. Supplied and borrowed balances still edged higher, suggesting usage held up even as collateral values moved lower.

DEX

Curve's DEX cooled across the board. TVL slipped 3.2%, while volume, swaps, and total fees all fell by roughly a third or more from the prior week.

DAO

DAO revenue metrics followed the lower DEX fee week, with the veCRV distribution falling to $121k while USD-valued CRV emissions also declined.

Metric	Value	Change
CRV Circ. Supply	1.52B	+0.2%
CRV Locked	854M	-
Total veCRV	788M	-0.2%
veCRV Distribution	$121k	-27.1%
veCRV APR	3.785%	-0.857%
CRV Emissions	$506k (2.22M CRV)	-7.2%
Inflation Rate	4.848%	-0.004%

Top Stableswap Pools

Stablecoin volume remained concentrated in the same major venues, with PYUSD/USDS back on top and 3pool again producing the largest fee total. crvUSD routing was also prominent, with both USDT/crvUSD and USDC/crvUSD in the top five.

📍	🔄	Chain	Pool	Volume	Fees
1	+1		PYUSD USDS	$203.9M	$2.2k
2	+1		DAI USDC USDT	$117.6M	$17.6k
3	+2		USDT crvUSD	$69.4M	$6.9k
4	-3		sUSDS USDT	$53.4M	$1.5k
5	+3		USDC crvUSD	$51.6M	$5.2k
6	+9		USDC USDtb	$43.5M	$4.7k
7	-		USDC USDat	$43.0M	$4.3k
8	+3		USDG USDC	$38.8M	$3.9k
9	-5		USDC USDT	$33.8M	$729.9
10	+3		PYUSD USDC	$32.4M	$3.6k

Top Cryptoswap Pools

Cryptoswap rankings stayed centered around the core Tricrypto pools.

📍	🔄	Chain	Pool	Volume	Fees
1	-		USDT WBTC WETH	$12.5M	$5.9k
2	-		USDC WBTC WETH	$9.6M	$4.8k
3	+1		crvUSD WETH CRV	$3.8M	$2.4k
4	+3		USDT WBTC WETH	$3.8M	$7.3k
5	-2		EURe WXDAI USDC USDT	$2.1M	$728.3
6	-		WETH CVX	$1.3M	$3.9k

Gauge Winners & Losers

During this Convex voting week, gauge emissions rotated strongly toward DOLA/sUSDe, which picked up an additional 82k CRV. The largest cuts came from reUSD/sfrxUSD, pmUSD/crvUSD, and reUSD/scrvUSD.

📍	Chain	Pool	TVL	CRV Emissions	Change
1		DOLA sUSDe	$58.9M	212k	+82k
2		frxUSD msUSD	$13.9M	149k	+15.8k
3		evaUSDT evaUSDC	$3.11M	37.1k	+14.7k
...	...	...	...	...	...
-3		reUSD scrvUSD	$8.04M	46.3k	-15.1k
-2		pmUSD crvUSD	$6.6M	56.9k	-17.3k
-1		reUSD sfrxUSD	$4.46M	19.3k	-34.3k

DEX Winners & Losers

Fees Winners & Losers

The Base pools below look like they should be Cryptoswap pools, but they are actually Stableswap pools. These pools can be problematic for LPs and swappers, which is why they are hidden from the UI, though they still generated reasonable fees and volume this week.

📍	Chain	Pool	Volume	Fees	Change
1		cbBTC USDC	$5.31M	$12.7k	+$11.2k
2		WETH USDC	$3.72M	$7.42k	+$7.05k
3		USDT WBTC WETH	$3.77M	$7.33k	+$3.58k
...	...	...	...	...	...
-3		cbBTC USDC	$706k	$1.98k	-$12.9k
-2		WETH cbBTC	$462k	$1.29k	-$13.1k
-1		WETH USDT	$204k	$571	-$14.3k

Volume Winners & Losers

Ethena's USDtb led the week for added volume, while the largest declines came from the usual stablecoin leaders. sUSDS/USDT alone fell by $296M, explaining much of the weaker DEX week.

📍	Chain	Pool	Volume	Fees	Change
1		USDC USDtb	$43.5M	$4.72k	+$25.9M
2		USDT crvUSD	$69.4M	$6.93k	+$22.9M
3		USDR USDT	$11.7M	$0	+$11.7M
...	...	...	...	...	...
-3		USDC USDT	$33.8M	$730	-$70.9M
-2		PYUSD USDS	$204M	$2.2k	-$89.4M
-1		sUSDS USDT	$53.4M	$1.48k	-$296M

TVL Winners & Losers

TVL movements were dominated by PegKeepers and YieldBasis markets. USDT/crvUSD gained $19.5M as PegKeepers deployed, but this was outweighed by TVL rotating out of older YieldBasis pools and into the new markets.

📍	Chain	Pool	TVL	Change
1		USDT crvUSD	$42.5M	+$19.5M
2		frxUSD msUSD	$13.9M	+$2.38M
3		reUSD scrvUSD	$8.04M	+$2.04M
...	...	...	...	...
-3		crvUSD WBTC	$23.9M	-$43.2M
-2		crvUSD tBTC	$18.6M	-$45.4M
-1		crvUSD cbBTC	$35.7M	-$103M

Llamalend Winners & Losers

crvUSD Minting Markets - Borrowing Winners & Losers

Borrowing demand increased mainly in WBTC, with some borrowing also seemingly rotating from WETH to the more capital-efficient wstETH market.

📍	Chain	Market	Collateral	Borrowed	Change
1		crvUSD WBTC	$37.2M	$16.7M	+$1.06M
2		crvUSD wstETH	$29M	$19.5M	+$327k
3		crvUSD sfrxETH	$2.02M	$1.36M	+$95.3k
...	...	...	...	...	...
-3		crvUSD cbBTC	$2.09M	$1.27M	-$11.7k
-2		crvUSD tBTC	$7.52M	$4.91M	-$21.9k
-1		crvUSD WETH	$3.49M	$2.03M	-$216k

Lend Markets - Borrowing Winners & Losers

Lend market borrowing changes were modest outside asdCRV. sfrxUSD, wstETH, and Arbitrum WBTC saw small increases, while asdCRV had the largest repayment at $417k after users were advised to repay following the vsdCRV hack.

📍	Chain	Market	Supplied	Borrowed	Change
1		crvUSD sfrxUSD	$18M	$12.5M	+$69k
2		crvUSD wstETH	$835k	$686k	+$33.6k
3		crvUSD WBTC	$415k	$232k	+$33.5k
...	...	...	...	...	...
-3		crvUSD sreUSD	$25.7M	$18.5M	-$13k
-2		crvUSD sUSDe	$2.88M	$2.17M	-$22k
-1		crvUSD asdCRV	$609k	$11.7k	-$417k

Lend Markets - Supplying Winners & Losers

Supplier flows moved faster than borrowing demand this week, with sfrxUSD seeing the largest increase, while the asdCRV repayment recommendation prompted many users to exit the asdCRV market.

📍	Chain	Market	Supplied	Borrowed	Change
1		crvUSD sfrxUSD	$18M	$12.5M	+$441k
2		crvUSD sreUSD	$25.7M	$18.5M	+$175k
3		crvUSD sUSDe	$2.88M	$2.17M	+$115k
...	...	...	...	...	...
-3		crvUSD fxSAVE	$446k	$342k	-$13.2k
-2		crvUSD WETH	$415k	$233k	-$14.6k
-1		crvUSD asdCRV	$609k	$11.7k	-$303k

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.