Curve Best Yields & Key Metrics | Week 5, 2026

Market Overview

It’s been another choppy week for the market, with prices moving up, sideways, and back down again. All we can do is keep building and act in good faith, and over time the market should hopefully recognize the value of DeFi, and especially Curve.

Total value locked (TVL) is down 1.8% this week to $2.438B. As always, there are plenty of attractive yields and opportunities available across Curve. See the highlighted yields below, along with this week’s 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.

Premier crvUSD Pools

All highlighted markets below have more than $10M of TVL.

Chain	Market	TVL	Yield
	crvUSD sDOLA	$30.4M	5.4%
	reUSD scrvUSD	$13M	4.8%
	crvUSD sreUSD	$27.5M	4.1%
	USDC crvUSD	$32.4M	3.7%
	USDT crvUSD	$61.5M	3.7%

Other Top USD Yields

All yields have been calculated as if markets have at least $100k TVL

Chain	Market	Type	Yield
	xpUSD yUTY	Pool	41.0%
	ynRWAx ynUSDx	Pool	19.1%
	crvUSD sfrxETH	Llamalend	17.5%
	crvUSD asdCRV	Llamalend	15.4%
	sdUSD sfrxUSD	Pool	15.4%
	miMATIC USDC.e	Pool	13.3%
	crvUSD sfrxUSD	Llamalend	12.7%
	pmUSD frxUSD	Pool	12.5%
	USDT USDN	Pool	12.3%

Top BTC & ETH Yields

All yields have been calculated as if markets have at least $100k TVL

Chain	Market	Asset	Yield
	WBTC cbBTC hemiBTC	BTC	7.3%
	WETH pufETH	ETH	7.0%
	OETH ARM-WETH-stETH	ETH	5.1%
	msETH WETH	ETH	4.8%
	WBTC DBIT	BTC	4.6%
	WBTC LBTC BTC.b	BTC	4.5%

Other Top Yields

All yields have been calculated as if markets have at least $100k TVL

Chain	Market	Asset	Yield
	CrossCurve CRV	CRV	15.6%
	CRV yCRV	CRV	11.0%
	EURe WXDAI USDC USDT	FOREX	7.6%
	crvUSD ZCHF	FOREX	5.5%
	GHO cbBTC WETH	TRICRYPTO	4.5%
	EURA EURC	EUR	2.4%
	XAUt PAXG	GOLD	0.7%
	EURA EURe	EUR	0.6%

Weekly Metrics

crvUSD & scrvUSD

Following a volatile week and a modest pullback in ETH and BTC prices, some more conservative users closed positions, resulting in a reduction in total crvUSD minted. Meanwhile, scrvUSD yield continued to rise and now sits above the yield on 1-year US government bonds. PegKeepers also continued to generate steady profits for the DAO.

Metric	Value	Change
crvUSD Minted	$84.7M	-6.5%
scrvUSD Yield	3.5%	+1.4%
crvUSD inscrvUSD	21.3%	+1.5%
crvUSD Price	$0.9994	-$0.0003
Avg. Borrow Rate	3.2%	+0.4%
Peg Stability Reserves	$38.2M	-
PegKeeper Profit	$2.81k	-$152

Llamalend

Llamalend saw a reduction in borrowed amounts this week, largely driven by declining collateral values. Despite this, the TVL of supplied (lent) assets increased, along with the total number of active loans.

DEX

Swap counts and volumes were broadly similar to last week. However, a larger share of activity occurred in lower-fee pools, resulting in total fees paid by swappers being 38% lower than the previous week.

DAO

The DAO recorded a sizeable distribution this week. DEX fees are collected on Mondays, then swapped and forwarded over the following two days, with distributions paid on Thursdays. Strong fee generation earlier in the prior week means some fees from nearly two weeks ago are being distributed now.

Metric	Value	Change
CRV Circ. Supply	1.47B	+0.1%
CRV Locked	856M	-
Total veCRV	789M	-0.3%
veCRV Distribution	$249k	+102.5%
CRV Emissions	$787k (2.22M CRV)	-12.7%
Inflation Rate	4.927%	-0.004%

Top Stableswap Pools

PYUSD pools were in particularly high demand this week, alongside USDai and the newly launched USDG stablecoin.

📍	🔄	Chain	Pool	Volume	Fees
1	+1		PYUSD USDS	$611.5M	$6.4k
2	+2		DAI USDC USDT	$91.6M	$13.7k
3	+9		USDC RLUSD	$88.5M	$18.1k
4	+5		USDC crvUSD	$73.0M	$7.3k
5	+2		USDT crvUSD	$72.7M	$7.3k
6	+37		PYUSD USDC	$60.9M	$6.6k
7	+3		WETH weETH	$50.5M	$3.1k
8	-5		sUSDS USDT	$39.8M	$1.2k
9	+11		USDG USDC	$27.5M	$2.8k
10	+9		USDai USDC	$25.0M	$2.6k

Top Cryptoswap Pools

There was only minor reshuffling among the top Cryptoswap pools this week, with the CRV Tricrypto pool falling two positions.

📍	🔄	Chain	Pool	Volume	Fees
1	-		USDC WBTC WETH	$28.2M	$12.3k
2	+2		USDT WBTC WETH	$23.3M	$10.3k
3	-		USDT WBTC WETH	$13.4M	$16.5k
4	-2		crvUSD WETH CRV	$12.9M	$15.7k
5	-		WETH cbETH	$3.6M	$1.1k
6	-		WETH CVX	$2.7M	$9.5k

DEX Winners & Losers

Fees Winners & Losers

RLUSD recorded the largest increase in fees this week. The MIM and DUSD pools saw the steepest declines, which was expected following last week’s oracle misconfiguration affecting DUSD.

📍	Chain	Pool	Volume	Fees	Change
1		USDC RLUSD	$88.5M	$18.1k	+$12.5k
2		crvUSD WETH CRV	$12.9M	$15.7k	+$7.99k
3		PYUSD USDC	$60.9M	$6.57k	+$6.13k
...	...	...	...	...	...
-3		ETH stETH	$13M	$1.3k	-$6.2k
-2		USDC DUSD	$1.6M	$214	-$48k
-1		MIM DAI USDC USDT	$238k	$95.3	-$111k

Volume Winners & Losers

PYUSD was the most in-demand stablecoin this week, adding a substantial $471M in weekly volume. RLUSD also performed strongly, more than tripling its volume compared to last week.

📍	Chain	Pool	Volume	Fees	Change
1		PYUSD USDS	$612M	$6.45k	+$415M
2		USDC RLUSD	$88.5M	$18.1k	+$61M
3		PYUSD USDC	$60.9M	$6.57k	+$56.6M
...	...	...	...	...	...
-3		USDC USDT	$14.4M	$328	-$73.8M
-2		sUSDS USDT	$39.8M	$1.16k	-$143M
-1		MIM DAI USDC USDT	$238k	$95.3	-$277M

TVL Winners & Losers

PYUSD once again led the week, with TVL in the PYUSD/USDC pool nearly doubling. pmUSD pools also continued to steadily attract new liquidity.

📍	Chain	Pool	TVL	Change
1		PYUSD USDC	$32.3M	+$14.4M
2		USDC RLUSD	$73.7M	+$1.99M
3		pmUSD crvUSD	$9.72M	+$1.97M
...	...	...	...	...
-3		BOLD USDC	$4.59M	-$3.88M
-2		frxUSD crvUSD	$29.8M	-$6.96M
-1		USDS stUSDS	$11M	-$8.65M

Llamalend Winners & Losers

crvUSD Minting Markets - Borrowing Winners & Losers

Following last week’s minting market update, wstETH has seen strong demand. Users appear to be rotating away from vanilla WETH into ETH staking derivatives, allowing them to earn yield while borrowing.

📍	Chain	Market	Collateral	Borrowed	Change
1		crvUSD wstETH	$23.6M	$14.1M	+$5.36M
2		crvUSD weETH	$345k	$184k	+$28.5k
3		crvUSD tBTC	$10.7M	$7.18M	+$24.4k
...	...	...	...	...	...
-3		crvUSD WETH	$29.8M	$19.3M	-$858k
-2		crvUSD cbBTC	$3.69M	$2.4M	-$3.46M
-1		crvUSD WBTC	$66.3M	$36.9M	-$6.8M

Lend Markets - Borrowing Winners & Losers

sreUSD remained in high demand, accounting for over 8% of new borrows this week. The asdCRV market also performed well, with borrowing increasing by more than 64%.

📍	Chain	Market	Supplied	Borrowed	Change
1		crvUSD sreUSD	$27.5M	$20.8M	+$1.66M
2		crvUSD sDOLA	$30.4M	$27.1M	+$217k
3		crvUSD asdCRV	$291k	$185k	+$72.4k
...	...	...	...	...	...
-3		crvUSD CRV	$4.15M	$3.27M	-$122k
-2		crvUSD WBTC	$814k	$538k	-$181k
-1		crvUSD fxSAVE	$6.52M	$6.23M	-$305k

Lend Markets - Supplying Winners & Losers

sreUSD also led the week in new supply, growing by over 13%. The asdCRV market similarly had a strong week, with supplied liquidity increasing by 37%.

📍	Chain	Market	Supplied	Borrowed	Change
1		crvUSD sreUSD	$27.5M	$20.8M	+$3.19M
2		crvUSD asdCRV	$291k	$185k	+$78.9k
3		crvUSD sfrxUSD	$208k	$159k	+$38.7k
...	...	...	...	...	...
-3		crvUSD CRV	$4.15M	$3.27M	-$184k
-2		crvUSD fxSAVE	$6.52M	$6.23M	-$390k
-1		crvUSD sDOLA	$30.4M	$27.1M	-$1.61M

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.