Curve Best Yields & Key Metrics | Week 30, 2026

Top Yields: 1st. frxUSD/USP frxUSDUSP on Ethereum with >100% Yield, 2nd. crvUSD/sDOLA on Ethereum with 27.7% Yield, 3rd. VUSD/crvUSD on Ethereum with 24.7% Yield

Market Overview

Welcome to another weekly newsletter. Here's the news:

• Total TVL held nearly flat at $1.535B (-0.2%); DEX TVL edged up 0.5% to $1.45B and Llamalend TVL rose 1.7% to $134M
• DEX volume pulled back 21.8% to $684M after last week's elevated pace, but swap count rose 3.6% to 460k and fees grew 5.4% to $274k
• crvUSD minting expanded 5.6% to $33.9M; the average borrow rate slipped further to 2.1% (from 2.3%); PegKeeper reserves held at $33.8M
• Llamalend borrowing rose 2.6% to $77.1M; the cbBTC vault absorbed an additional $4.1M of TVL, now at $87.6M
• veCRV distribution fell to $67.9k (-35.8%) on typical fee-cycle timing, pulling veCRV APR to 2.1%

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

Top USD Yields

Note: the frxUSD/USP rate is annualised from a small launch-phase pool — hence the cap. VUSD pool rates come from CRV gauge emissions.

Chain	Market	Type	Yield
	frxUSD USP	Pool	334.8%
	crvUSD sDOLA	Llamalend	27.7%
	VUSD crvUSD	Pool	24.7%
	crvUSD sfrxUSD	Llamalend	22.5%
	VUSD msUSD	Pool	21.2%
	frxUSD VUSD	Pool	20.3%

Top BTC & ETH Yields

Chain	Market	Asset	Yield
	msETH OETH	ETH	5.9%
	ynETHx WETH	ETH	5.6%
	WETH pufETH	ETH	4.3%
	cbBTC WBTC LBTC	BTC	3.0%
	WBTC cbBTC hemiBTC	BTC	2.9%
	tBTC cbBTC	BTC	1.0%

Other Top Yields

Chain	Market	Asset	Yield
	CRV sdCRV	CRV	13.0%
	GHO cbBTC WETH	TRICRYPTO	9.0%
	CRV yCRV	CRV	8.9%
	crvUSD CJPY	FOREX	5.2%
	crvUSD ZCHF	FOREX	4.0%
	EURe WXDAI USDC USDT	FOREX	3.3%
	XAUt PAXG	GOLD	0.2%

Top Llamalend Supply Yields

Optimism Llamalend V2 markets include live Merkl OP rewards: supply rates shown are base + Merkl. Rates on small markets move quickly with TVL.

Weekly Metrics

crvUSD & scrvUSD

crvUSD minting grew 5.6% to $33.9M as borrowers added positions; the average borrow rate eased to 2.1% (down from 2.3%). PegKeepers held steady at $33.8M in reserves. The scrvUSD savings yield stands at 1.2%, with 56.2% of minted crvUSD now staked (down 4.7% on the week); crvUSD price holds at $0.9996.

Metric	Value	Change
crvUSD Minted	$33.9M	+5.6%
scrvUSD Yield	1.2%	-
crvUSD inscrvUSD	56.2%	-4.7%
crvUSD Price	$0.9996	-$0.0003
Avg. Borrow Rate	2.1%	-0.2%
Peg Stability Reserves	$33.8M	-
PegKeeper Profit	$1.08k	-$2.01k

Llamalend

Llamalend TVL rose 1.7% to $134M: borrowing was the main driver, up 2.6% to $77.1M, with collateral up 2.6% to $119M. Supply dipped marginally to $57.2M (-1.1%) and the loan count was near-flat at 1,025.

DEX

DEX volume normalised to $684M (-21.8%) after last week's elevated pace, but the underlying swap count rose 3.6% to 460k and total fees grew 5.4% to $274k. TVL was stable at $1.45B (+0.5%).

DAO

veCRV distribution fell to $67.9k this week (-35.8%) on normal fee-cycle timing, bringing the veCRV APR to 2.1% (from 3.3%). CRV locked is at 851M with 784M veCRV outstanding; weekly CRV emissions were $475k.

Metric	Value	Change
CRV Circ. Supply	1.54B	+0.2%
CRV Locked	851M	-
Total veCRV	784M	+0.1%
veCRV Distribution	$67.9k	-35.8%
veCRV APR	2.138%	-1.122%
CRV Emissions	$475k (2.22M CRV)	+2.7%
Inflation Rate	4.812%	-0.005%

Top Stableswap Pools

DAI/USDC/USDT retained the top stableswap spot ($96.2M). USDC/USDT surged 8 places to #2 ($53.8M) and USDG/USDC gained one to #3 ($41.5M); WETH/weETH jumped 7 places to #4 ($38.5M).

📍	🔄	Chain	Pool	Volume	Fees
1	-		DAI USDC USDT	$96.2M	$14.4k
2	+8		USDC USDT	$53.8M	$1.0k
3	+1		USDG USDC	$41.5M	$4.3k
4	+7		WETH weETH	$38.5M	$2.1k
5	-3		USDC RLUSD	$32.4M	$6.6k
6	+17		USDC USDat	$30.2M	$3.0k
7	+1		USDT crvUSD	$26.3M	$2.6k
8	+6		WETH USDC	$25.3M	$50.7k
9	+10		cbBTC USDC	$24.9M	$11.4k
10	-3		USDC crvUSD	$24.0M	$2.4k

Top Cryptoswap Pools

Cryptoswap activity was led by the majors. Volumes shown are weekly totals.

📍	🔄	Chain	Pool	Volume	Fees
1	+1		USDC WBTC WETH	$11.2M	$5.0k
2	-1		USDT WBTC WETH	$7.5M	$4.0k
3	-		EURe WXDAI USDC USDT	$5.4M	$1.7k
4	-		crvUSD WETH CRV	$4.0M	$2.2k
5	+2		ETH+ eUSD RSR	$850.1k	$494.4
6	+5		crvUSD YB	$799.7k	$3.2k

Gauge Winners & Losers

DOLAsUSDe saw the largest increase in CRV emission allocation (+66.5k) to reach 207k weekly, followed by OETHWETH (+25.6k) and FRAXUSDe (+10.9k); reUSDsfrxUSD saw the sharpest reduction (-24.4k).

📍	Chain	Pool / Market	TVL	CRV Emissions	Change
1		DOLA sUSDe	$39.1M	207k	+66.5k
2		OETH WETH	$42.7M	90.7k	+25.6k
3		FRAX USDe	$44M	159k	+10.9k
...	...	...	...	...	...
-3		VUSD crvUSD	$510k	2.02k	-14.7k
-2		frxUSD msUSD	$16.7M	229k	-20.6k
-1		reUSD sfrxUSD	$3.25M	11.7k	-24.4k

DEX Winners & Losers

Fees Winners & Losers

apxUSD/USDC posted the largest fee gain (+$41k) on elevated volume, followed by WETH/USDC (+$12.2k) and apyUSD/apxUSD (+$9.55k); USDC/RLUSD gave back last week's activity (-$9.98k) and frxUSD/msUSD eased from its prior peak.

📍	Chain	Pool	Volume	Fees	Change
1		apxUSD USDC	$16.8M	$54.3k	+$41k
2		WETH USDC	$25.3M	$50.7k	+$12.2k
3		apyUSD apxUSD	$6.84M	$13.7k	+$9.55k
...	...	...	...	...	...
-3		USDC RLUSD	$32.4M	$6.57k	-$9.98k
-2		frxUSD msUSD	$2.12M	$910	-$18.3k
-1		msETH WETH	$520k	$208	-$29.2k

Volume Winners & Losers

USDC/USDT added the most volume (+$24.8M) as it climbed to #2, followed by USDC/USDat (+$20.9M) and WETH/weETH (+$17.4M); frxUSD/msUSD saw the largest outflow (-$43.2M) after its prior-week surge.

📍	Chain	Pool	Volume	Fees	Change
1		USDC USDT	$53.8M	$1.04k	+$24.8M
2		USDC USDat	$30.2M	$3.02k	+$20.9M
3		WETH weETH	$38.5M	$2.05k	+$17.4M
...	...	...	...	...	...
-3		frxUSD msUSD	$2.12M	$910	-$43.2M
-2		USDC RLUSD	$32.4M	$6.57k	-$48.3M
-1		msETH WETH	$520k	$208	-$72.9M

TVL Winners & Losers

crvUSD/cbBTC drew the biggest TVL inflow (+$4.11M, now $87.6M), with msETH/WETH (+$3.74M) and frxUSD/msUSD (+$3.72M) close behind; USDC/RLUSD saw the largest TVL exit (-$3.58M) followed by AUSD/avUSD (-$3.32M).

📍	Chain	Pool	TVL	Change
1		crvUSD cbBTC	$87.6M	+$4.11M
2		msETH WETH	$18.7M	+$3.74M
3		frxUSD msUSD	$16.7M	+$3.72M
...	...	...	...	...
-3		WETH weETH	$9.79M	-$2.02M
-2		AUSD avUSD	$601k	-$3.32M
-1		USDC RLUSD	$67.1M	-$3.58M

Llamalend Winners & Losers

crvUSD Minting Markets - Borrowing Winners & Losers

wstETH led crvUSD borrow growth (+$929k), with cbBTC next (+$600k); no market saw meaningful net repayment this week.

📍	Chain	Market	Collateral	Borrowed	Change
1		crvUSD wstETH	$18M	$8.63M	+$929k
2		crvUSD cbBTC	$2.81M	$1.81M	+$600k
3		crvUSD WBTC	$34.9M	$17M	+$266k
...	...	...	...	...	...
-3		crvUSD sfrxETH	$311k	$154k	-$74.8
-2		crvUSD tBTC	$4.97M	$3.16M	-$6.35k
-1		crvUSD weETH	$304k	$143k	-$16.5k

Lend Markets - Borrowing Winners & Losers

The sfrxUSD market saw the most new borrowing (+$248k), with sDOLA a notable new entrant; activity across the other Lend markets was modest.

📍	Chain	Market	Supplied	Borrowed	Change
1		crvUSD sfrxUSD	$16.6M	$12.8M	+$248k
2		crvUSD sDOLA	$59.7k	$49.8k	+$49.8k
3		crvUSD wstETH	$1.11M	$863k	+$21.9k
...	...	...	...	...	...
-3		crvUSD WETH	$610k	$417k	-$27.5k
-2		USDC WBTC	$1.18M	$666k	-$47.2k
-1		crvUSD fxSAVE	$370k	$369k	-$83.2k

Lend Markets - Supplying Winners & Losers

sfrxUSD led supply inflows (+$454k), with sDOLA also drawing fresh supply (+$59.7k) as a newly launched market.

📍	Chain	Market	Supplied	Borrowed	Change
1		crvUSD sfrxUSD	$16.6M	$12.8M	+$454k
2		crvUSD sDOLA	$59.7k	$49.8k	+$59.7k
3		crvUSD wstETH	$1.11M	$863k	+$18.9k
...	...	...	...	...	...
-3		USDC WBTC	$1.18M	$666k	-$84.1k
-2		WETH wstETH	$704k	$261k	-$195k
-1		crvUSD sreUSD	$24.6M	$18.2M	-$580k

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.