Yields

Curve Best Yields & Key Metrics | Week 50, 2025

Weekly yield and Curve ecosystem metric updates as of the 11th December, 2025

Saint Rat

11 Dec 2025 • 24 min read

Top Yields: 1st. iUSD/USDC Pool on Ethereum with 38.0% Yield, 2nd. USDC/USDU Pool on Ethereum with 32.9% Yield, 3rd. hemiBTC/WBTC/cbBTC Pool on Ethereum with 32.4% Yield.

Market Overview

Don't worry that the year is almost over, because Curve yields will be around for another 300 years, keep earning with Curve. Here's the weekly news:

TVL has increased 0.2% to $2.529B.
crvUSD is getting a change in monetary policy
The $1B crvUSD loan vote to YieldBasis is ongoing, but set to pass overwhelmingly with the highest quorum ever seen in a veCRV vote.

See all the highlighted yields and 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.

High TVL crvUSD Yields

All pools and lending markets below have at least $10M TVL.

Market	TVL	Yield
crvUSD sreUSD	$19.8M	8.3%
crvUSD fxSAVE	$10.1M	6.4%
crvUSD sDOLA	$26.6M	5.7%
reUSD scrvUSD	$17.3M	5.3%
frxUSD crvUSD	$38.2M	5.0%
USDC crvUSD	$105M	4.0%

Top USD Yields

Market	Type	Yield
iUSD USDC	Pool	38.0%
USDC USDU	Pool	32.9%
crvUSD sUSDS	Llamalend	22.0%
ebUSD USDC	Pool	19.1%
alUSD USDC	Pool	17.9%
USDC USDT	Pool	17.1%
scrvUSD USDC	Pool	16.5%
miMATIC USDC.e	Pool	15.6%

Top BTC & ETH Yields

The HemiBTC pool has a huge yield of 32.4% this week, and its TVL has increased to over $400k.

Market	Asset	Yield
WBTC cbBTC hemiBTC	BTC	32.4%
LBTC WBTC	BTC	9.7%
dgnETH ETH+	ETH	9.6%
msETH OETH	ETH	9.6%
WBTC LBTC BTC.b	BTC	8.3%
ETH+ WETH	ETH	8.2%

Other Top Yields

People like the Frankencoin's ZCHF/crvUSD yields, with the TVL has tripling in a week. It's no wonder, as the new FXSwap pool technology is the same that YieldBasis was built upon.

Market	Asset	Yield
CrossCurve CRV/USD	CRV	27.4%
CRV sdCRV	CRV	13.9%
crvUSD ZCHF	FOREX	11.2%
EURe WXDAI USDC USDT	FOREX	11.0%
crvUSD CJPY	FOREX	8.9%
crvUSD tBTC WETH	TRICRYPTO	7.1%
EURA EURT EURS	EUR	3.2%
EURA EURe	EUR	2.3%

Weekly Metrics

crvUSD & scrvUSD

Another great week again for crvUSD minting, with over $6M minted. It's no wonder as borrow rates have remained under 1% for a few weeks now.

Metric	Value	Change
crvUSD Minted	$68.8M	+11.4%
scrvUSD Yield	1.4%	-6.0%
crvUSD inscrvUSD	42.7%	-26.4%
crvUSD Price	$1.0	-$0.0001
Avg. Borrow Rate	0.4%	+0.2%
Peg Stability Reserves	$72.3M	-$21.4M
PegKeeper Profit	$0	-$3.99k

Llamalend

Llamalend metrics have largely been positive, with only the amount of crvUSD supplied reducing slightly.

Metric	Value	Change
🦙 Llamalend TVL	$220M	+2.8%
🦙 Supplied	$83M	-0.7%
🦙 Borrowed	$138M	+3.8%
🦙 Collateral	$206M	+2.3%
🦙 Loans	1161	-8

DEX

DEX pools saw a marginal increase in TVL, however it was a slow week for pools, as many assets saw low volatility and low trade volumes.

Metric	Value	Change
🔄 TVL	$2.52B	+0.1%
🔄 Volume	$1.31B	-31.4%
🔄 Swaps	361k	-10.2%
🔄 Total Fees	$237k	-1.3%

DAO

Due to cheap crvUSD minting rates and low volatility creating low DEX fees, the DAO saw a smaller than usual veCRV distribution, but all other metrics largely remained the same.

Metric	Value	Change
CRV Circ. Supply	1.43B	+0.2%
CRV Locked	860M	-0.1%
Total veCRV	792M	-0.1%
veCRV Distribution	$92.4k	-5.5%
CRV Emissions	$885k (2.22M CRV)	-3.5%
Inflation Rate	4.96%	-0.005%

Top Stableswap Pools

Once again USDS pools topped the list for the top stableswap pools by volume. The DAI/USDC/USDT pool saw lower than usual volumes as well; however all other pools stayed similar to previous weeks.

📍	🔄	Pool	Volume	Fees
1	-	PYUSD USDS	$131.5M	$1.4k
2	-	sUSDS USDT	$99.2M	$1.7k
3	+11	USDC RLUSD	$95.1M	$19.3k
4	-1	USDC USDT	$86.8M	$1.3k
5	+1	USDC crvUSD	$83.1M	$8.3k
6	+1	USDT crvUSD	$74.3M	$7.4k
7	-2	ETH stETH	$47.7M	$4.8k
8	+2	WETH weETH	$42.6M	$2.6k
9	-5	DAI USDC USDT	$41.3M	$6.2k
10	+2	USDai USDC	$40.7M	$4.1k

Top Cryptoswap Pools

There was no change at all within the rankings of the top Cryptoswap pools by volume this week.

📍	🔄	Pool	Volume	Fees
1	-	USDC WBTC WETH	$25.8M	$14.7k
2	-	USDT WBTC WETH	$19.4M	$11.5k
3	-	crvUSD WETH CRV	$13.6M	$7.9k
4	-	USDT WBTC WETH	$12.7M	$25.4k
5	-	crvUSD YB	$3.4M	$11.7k
6	-	WETH CVX	$2.3M	$7.2k
7	-	ETH+ eUSD RSR	$1.9M	$1.4k
8	-	crvUSD tBTC wstETH	$1.4M	$4.1k
9	+5	wstETH rETH sfrxETH	$987.1k	$429.3
10	+1	USD₮0 WBTC WETH	$911.6k	$634.8

DEX Winners & Losers

Fees Winners & Losers

RLUSD saw a huge increase in fees this week, possibly to due to an up-spike in demand from Ripple's stock sale news. It's also great to see YB here on this list, as large fees for veYB holders start flowing, creating demand.

📍	Chain	Pool	Volume	Fees	Change
1		USDC RLUSD	$95.1M	$19.3k	+$15.1k
2		USDT WBTC WETH	$12.7M	$25.4k	+$7.46k
3		crvUSD YB	$3.36M	$11.7k	+$4.69k
...	...	...	...	...	...
-3		stETH frxETH	$7.3M	$2.92k	-$4.71k
-2		ETH stETH	$47.7M	$4.77k	-$6.23k
-1		DAI USDC USDT	$41.3M	$6.2k	-$11.6k

Volume Winners & Losers

RLUSD also topped the winners in terms of volume, with the USDai coin in 2nd, and USDS pools losing compared to last week's volumes, but interestingly they still led the week in terms of total volume.

📍	Chain	Pool	Volume	Fees	Change
1		USDC RLUSD	$95.1M	$19.3k	+$74.3M
2		USDai USDC	$40.7M	$4.14k	+$17.1M
3		WETH weETH	$42.6M	$2.59k	+$14.2M
...	...	...	...	...	...
-3		DAI USDC USDT	$41.3M	$6.2k	-$77.6M
-2		PYUSD USDS	$132M	$1.36k	-$169M
-1		sUSDS USDT	$99.2M	$1.68k	-$201M

TVL Winners & Losers

A triple crown for the RLUSD/USDC pool this week, as it also increased its TVL the most out any pool. As usual, the crvUSD PegKeeper pools had normal fluctuations in TVL from their PegKeeper depositing/withdrawing liquidity actions.

📍	Chain	Pool	TVL	Change
1		USDC RLUSD	$82.9M	+$6.78M
2		frxUSD crvUSD	$38.2M	+$5.75M
3		TBTC renBTC WBTC sBTC	$4.85M	+$4.63M
...	...	...	...	...
-3		USD0 bUSD0	$22.6M	-$4.06M
-2		DOLA wstUSR	$42.3M	-$5.21M
-1		USDC crvUSD	$105M	-$9.2M

Llamalend Winners & Losers

crvUSD Minting Markets - Borrowing Winners & Losers

No market had a net outflow for the week, a huge achievement for crvUSD and its dynamic and automatic system.

📍	Chain	Market	Collateral	Borrowed	Change
1		crvUSD WETH	$39.7M	$21.7M	+$4.83M
2		crvUSD wstETH	$9.95M	$4.8M	+$1.44M
3		crvUSD cbBTC	$2.86M	$1.8M	+$505k
...	...	...	...	...	...
-3		crvUSD LBTC	$380k	$252k	+$12.1k
-2		crvUSD weETH	$262k	$138k	+$2.56k
-1		crvUSD sfrxETH	$508k	$150k	+$37.7

Lend Markets - Borrowing Winners & Losers

The sDOLA market continues its march with another positive and huge increase in the amount borrowed, at the same time that other stablecoin markets saw outflows.

📍	Chain	Market	Supplied	Borrowed	Change
1		crvUSD sDOLA	$26.6M	$21.5M	+$730k
2		crvUSD CRV	$4.07M	$3.23M	+$146k
3		crvUSD fxSAVE	$10.1M	$9.35M	+$134k
...	...	...	...	...	...
-3		crvUSD sUSDe	$4.09M	$3.38M	-$417k
-2		crvUSD sreUSD	$19.8M	$17.2M	-$886k
-1		crvUSD sfrxUSD	$9.1M	$7.89M	-$1.16M

Lend Markets - Supplying Winners & Losers

As always, the supply and amount borrowed seem to move together, with this table perfectly mimicking the borrowed winners & losers chart.

📍	Chain	Market	Supplied	Borrowed	Change
1		crvUSD sDOLA	$26.6M	$21.5M	+$1M
2		crvUSD CRV	$4.07M	$3.23M	+$191k
3		crvUSD fxSAVE	$10.1M	$9.35M	+$149k
...	...	...	...	...	...
-3		crvUSD sUSDe	$4.09M	$3.38M	-$187k
-2		crvUSD sreUSD	$19.8M	$17.2M	-$254k
-1		crvUSD sfrxUSD	$9.1M	$7.89M	-$1.15M

Explore Yield Oppportunities

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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.