Curve Best Yields & Key Metrics | Week 6, 2026

Market Overview

There's no point sugar-coating it, it has been a brutal week. Many thanks to everyone who's still here ❤️

Curve's TVL is down 15.9%, currently at $2.05B. This is slightly better than the wider DeFi ecosystem which saw a 17.1% drawdown.

The peg of crvUSD was tested, and for very brief periods it did fall to around $0.99. It's clear the systems will need some optimizing moving forward (tweet from mich). As of writing, the price is sitting around $0.993, and is recovering. There's also some great yield available in the PYUSD/crvUSD pool with 15.1% APR.

As always, there are some great yields available; see below for the highlighted opportunities and weekly 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
	PYUSD crvUSD	$23.7M	15.1%
	scrvUSD	$30.5M	11.7%
	reUSD scrvUSD	$12M	7.2%
	USDT crvUSD	$25.4M	5.6%
	USDC crvUSD	$27.6M	4.8%

Other Top USD Yields

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

Chain	Market	Type	Yield
	xpUSD yUTY	Pool	90.6%
	crvUSD asdCRV	Llamalend	31.4%
	sdUSD sfrxUSD	Pool	28.5%
	ynRWAx ynUSDx	Pool	23.2%
	msUSD FRAX USDC	Pool	18.3%
	crvUSD sfrxETH	Llamalend	13.6%
	frxUSD msUSD	Pool	13.6%
	crvUSD sfrxUSD	Llamalend	12.8%

Top BTC & ETH Yields

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

Chain	Market	Asset	Yield
	msETH WETH	ETH	18.5%
	msETH OETH	ETH	13.7%
	WETH pufETH	ETH	11.9%
	WBTC cbBTC hemiBTC	BTC	7.8%
	WBTC LBTC BTC.b	BTC	4.6%
	tBTC WBTC	BTC	1.5%

Other Top Yields

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

Chain	Market	Asset	Yield
	CRV yCRV	CRV	11.5%
	CRV crvUSD	CRV	10.4%
	GHO cbBTC WETH	TRICRYPTO	8.4%
	crvUSD CJPY	FOREX	5.9%
	crvUSD ZCHF	FOREX	5.2%
	EURA EURC	EUR	1.9%
	XAUt PAXG	GOLD	0.3%

Weekly Metrics

crvUSD & scrvUSD

The crvUSD minted has been hit hard. The peg was pressured by YieldBasis pools selling crvUSD as the BTC price dropped (actual stablecoin demand is causing issues). Because of this, the system is trying to stabilize itself by firstly emptying the PegKeepers and now raising the interest rates.

The concern is not that crvUSD will death spiral; YieldBasis alone cannot cause a death spiral because of pool dynamics. It's just unknown how long it will take for the peg to completely recover.

Metric	Value	Change
crvUSD Minted	$37.2M	-56.1%
scrvUSD Yield	11.7%	+8.2%
crvUSD inscrvUSD	82.0%	+60.7%
crvUSD Price	$0.993	-$0.0064
Avg. Borrow Rate	37.8%	+34.6%
Peg Stability Reserves	$0	-$38.2M
PegKeeper Profit	$2.25k	-$562

Llamalend

Llamalend metrics are below. It was a tough week for borrowing and lending llamas.

DEX

Pools are always positive to look at during volatile weeks. While TVL did come down, it was an absolutely huge week for volumes, swaps, and fees paid.

DAO

The great news is the veCRV distribution. Because of the fee revenue and crvUSD borrowing fees increasing, the veCRV distribution was almost double last week's stellar week.

Metric	Value	Change
CRV Circ. Supply	1.47B	+0.1%
CRV Locked	857M	+0.1%
Total veCRV	788M	-0.1%
veCRV Distribution	$475k	+91.0%
CRV Emissions	$662k (2.22M CRV)	-15.9%
Inflation Rate	4.922%	-0.005%

Top Stableswap Pools

The DAI/USDC/USDT pool made over $45k this week, all of which flows straight to the DAO. The crvUSD pools also did huge volumes because of the stress test on the peg.

📍	🔄	Chain	Pool	Volume	Fees
1	-		PYUSD USDS	$459.2M	$4.7k
2	-		DAI USDC USDT	$300.5M	$45.1k
3	+2		USDT crvUSD	$289.5M	$29.0k
4	-		USDC crvUSD	$212.0M	$21.2k
5	+12		msETH WETH	$172.9M	$69.1k
6	-3		USDC RLUSD	$136.0M	$28.0k
7	+9		ETH stETH	$134.0M	$13.4k
8	+22		msUSD FRAX USDC	$121.6M	$48.6k
9	+20		FRAX USDe	$110.2M	$14.1k
10	-2		sUSDS USDT	$109.6M	$3.3k

Top Cryptoswap Pools

There were some huge fees and volumes through all the Tricrypto pools.

📍	🔄	Chain	Pool	Volume	Fees
1	-		USDC WBTC WETH	$54.3M	$32.9k
2	-		USDT WBTC WETH	$41.9M	$27.8k
3	-		USDT WBTC WETH	$25.1M	$56.7k
4	-		crvUSD WETH CRV	$19.4M	$15.2k
5	+2		GHO cbBTC WETH	$2.9M	$9.0k
6	+2		crvUSD tBTC wstETH	$2.9M	$8.9k

DEX Winners & Losers

Fees Winners & Losers

Metronome's msETH and msUSD won the week for an increase in fees. There were no huge declines in fees though, with the loser only reducing their weekly fees by $4k.

📍	Chain	Pool	Volume	Fees	Change
1		msETH WETH	$173M	$69.1k	+$64.5k
2		msUSD FRAX USDC	$122M	$48.6k	+$46.1k
3		USDT WBTC WETH	$25.1M	$56.7k	+$40.2k
...	...	...	...	...	...
-3		PYUSD USDS	$459M	$4.67k	-$1.77k
-2		PYUSD USDC	$32.2M	$3.28k	-$3.29k
-1		USDS stUSDS	$1.83M	$1.88k	-$4.34k

Volume Winners & Losers

crvUSD topped the week for added volume week on week, with the 3pool being a close 2nd.

📍	Chain	Pool	Volume	Fees	Change
1		USDT crvUSD	$290M	$29k	+$217M
2		DAI USDC USDT	$300M	$45.1k	+$209M
3		msETH WETH	$173M	$69.1k	+$161M
...	...	...	...	...	...
-3		USDG USDC	$13.7M	$1.39k	-$13.8M
-2		PYUSD USDC	$32.2M	$3.28k	-$28.7M
-1		PYUSD USDS	$459M	$4.67k	-$152M

TVL Winners & Losers

The AUSD pool came from nothing and increased to $25M TVL, winning the week for added TVL, with the PYUSD/crvUSD pool in second with it earning currently over 15% yield.

📍	Chain	Pool	TVL	Change
1		USDC AUSD	$25M	+$25M
2		PYUSD crvUSD	$23.7M	+$21.9M
3		PYUSD USDC	$34.1M	+$1.74M
...	...	...	...	...
-3		OETH WETH	$51.4M	-$21.4M
-2		USDT crvUSD	$25.4M	-$36M
-1		ETH stETH	$91.5M	-$39M

Llamalend Winners & Losers

crvUSD Minting Markets - Borrowing Winners & Losers

It was a rough week for crvUSD minting markets unfortunately. The increase in borrowing rates fulfilled their role and forced many borrowers to repay their loans, creating a large reduction in crvUSD supply.

📍	Chain	Market	Collateral	Borrowed	Change
1		crvUSD sfrxETH	$331k	$150k	-$916
2		crvUSD weETH	$327k	$153k	-$30.5k
3		crvUSD LBTC	$72.6k	$43.6k	-$113k
...	...	...	...	...	...
-3		crvUSD wstETH	$4.54M	$2.41M	-$11.7M
-2		crvUSD WETH	$5.87M	$4.24M	-$15M
-1		crvUSD WBTC	$33.9M	$20.5M	-$16.5M

Lend Markets - Borrowing Winners & Losers

The asdCRV market saw some strong borrowing increases, but many markets saw large reductions.

📍	Chain	Market	Supplied	Borrowed	Change
1		crvUSD asdCRV	$492k	$403k	+$219k
2		crvUSD wstETH	$707k	$546k	+$17.2k
3		crvUSD ycvxCRV	$31.5k	$12.9k	+$8.02k
...	...	...	...	...	...
-3		crvUSD fxSAVE	$1.4M	$284k	-$5.95M
-2		crvUSD sreUSD	$24M	$11M	-$9.79M
-1		crvUSD sDOLA	$23.8M	$13.2M	-$13.9M

Lend Markets - Supplying Winners & Losers

The asdCRV market also saw some strong increases in supplied crvUSD, but many markets also saw outflows due to the pressure on the peg forcing repayments and a supply reduction of crvUSD.

📍	Chain	Market	Supplied	Borrowed	Change
1		crvUSD asdCRV	$492k	$403k	+$202k
2		crvUSD sfrxETH	$719k	$543k	+$55.6k
3		crvUSD wstETH	$707k	$546k	+$46.8k
...	...	...	...	...	...
-3		crvUSD sreUSD	$24M	$11M	-$3.52M
-2		crvUSD fxSAVE	$1.4M	$284k	-$5.12M
-1		crvUSD sDOLA	$23.8M	$13.2M	-$6.64M

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.