Curve Best Yields & Key Metrics | Week 9, 2026

Market Overview

Curve's TVL moved higher this week, up 2.3% to $2.093B.

It's been an active week for governance. All crvUSD and YieldBasis proposals have passed. This means:

• Rate calculations have been tweaked so they react slower to price declines in crvUSD.
• The emergencyDAO can now set parameters within the YB pools.
• The emergencyDAO can also now use up to $400k crvUSD in emergency situations.
• scrvUSD can now use up to 80% of crvUSD minting fees to incentivize holding crvUSD.

There will also potentially be new incentives flowing to all crvUSD pegkeeper pools soon.

As always, see the highlighted yields, key weekly metrics, and winners/losers 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.

Premier crvUSD Pools

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

Chain	Market	TVL	Yield
	pmUSD crvUSD	$16.1M	9.3%
	PYUSD crvUSD	$61.1M	9.0%
	scrvUSD	$39.8M	4.9%
	USDT crvUSD	$17.3M	4.5%
	frxUSD crvUSD	$12.9M	4.5%

Other Top USD Yields

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

Chain	Market	Type	Yield
	USDp frxUSD	Pool	84.1%
	frxUSD USDp	Pool	81.3%
	cUSDO USDC	Pool	41.8%
	sdUSD frxUSD	Pool	23.5%
	ynRWAx OUSD	Pool	22.9%
	alUSD USDC	Pool	22.4%
	ebUSD USDC	Pool	18.7%
	OUSD msUSD	Pool	15.7%

Top BTC & ETH Yields

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

Chain	Market	Asset	Yield
	msETH OETH	ETH	5.8%
	OETH ARM-WETH-stETH	ETH	5.8%
	WETH pufETH	ETH	3.9%
	WBTC cbBTC hemiBTC	BTC	3.1%
	tBTC cbBTC	BTC	1.5%
	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	22.1%
	CRV cvxCRV	CRV	11.0%
	crvUSD CJPY	FOREX	6.1%
	GHO cbBTC WETH	TRICRYPTO	6.1%
	crvUSD ZCHF	FOREX	4.3%
	EURA EURC	EUR	1.5%
	XAUt PAXG	GOLD	0.1%

Weekly Metrics

crvUSD & scrvUSD

crvUSD metrics were mostly stable this week. Minted supply and average borrow rates edged lower, while the peg improved to $0.9981. scrvUSD yield eased to 4.9%.

Metric	Value	Change
crvUSD Minted	$24.8M	-0.8%
scrvUSD Yield	4.9%	-1.1%
crvUSD inscrvUSD	160.2%	-3.5%
crvUSD Price	$0.9981	+$0.0001
Avg. Borrow Rate	13.5%	-0.2%
Peg Stability Reserves	$0	-
PegKeeper Profit	$0	-

Llamalend

Llamalend metrics were mixed but largely unchanged: TVL and collateral rose, borrowed nudged up, and loan count and supplied amounts declined very slightly.

DEX

DEX pool had a stronger week overall. TVL, volume, and fees all increased, while swap count fell, suggesting larger average trade sizes.

DAO

DAO metrics were modestly down compared to the prior week, with a lower weekly distribution and CRV emissions declining when valued in USD.

Metric	Value	Change
CRV Circ. Supply	1.48B	+0.2%
CRV Locked	857M	-
Total veCRV	787M	-
veCRV Distribution	$78.1k	-11.2%
CRV Emissions	$523k (2.22M CRV)	-5.7%
Inflation Rate	4.907%	-0.004%

Top Stableswap Pools

Stablecoin flow remained concentrated in core pools this week, once again led by PYUSD/USDS and sUSDS/USDT.

📍	🔄	Chain	Pool	Volume	Fees
1	-		PYUSD USDS	$666.7M	$7.3k
2	-		sUSDS USDT	$385.3M	$6.3k
3	-		USDC USDT	$217.3M	$2.8k
4	-		DAI USDC USDT	$106.8M	$16.0k
5	-		ETH stETH	$54.9M	$5.5k
6	-		USDC crvUSD	$35.4M	$3.5k
7	-		PYUSD USDC	$32.1M	$3.3k
8	+1		USDT crvUSD	$27.3M	$2.7k
9	-1		USDC USDtb	$26.3M	$2.7k
10	-		ETH stETH	$26.2M	$2.1k

Top Cryptoswap Pools

Tricrypto markets continue to lead cryptoswap activity. USDC/WBTC/WETH moved into the top spot this week.

📍	🔄	Chain	Pool	Volume	Fees
1	+1		USDC WBTC WETH	$31.7M	$14.6k
2	-1		USDT WBTC WETH	$18.1M	$9.7k
3	-		USDT WBTC WETH	$10.2M	$16.6k
4	-		crvUSD WETH CRV	$9.0M	$5.5k
5	-		WETH cbETH	$2.5M	$813.8
6	+2		WETH CVX	$1.4M	$4.7k

DEX Winners & Losers

CRV Emissions Winners & Losers

Gauge vote changes were relatively small this week, as this was the off week for the fortnightly vlCVX gauge vote, and as veCRV voters can only change their votes once every 10 days.

📍	Chain	Pool	TVL	CRV Emissions	Change
1		CVX1 cvgCVX	$134k	2.27k	+799
2		SDT cvgSDT	$83.5k	487	+336
3		reUSD scrvUSD	$9.91M	31.6k	+218
...	...	...	...	...	...
-3		MUSD USDC USDT	$774k	6.76k	-422
-2		WETH cbETH	$16.9M	656	-631
-1		frxUSD crvUSD	$12.9M	86.4k	-698

Fees Winners & Losers

Fee gains were led by USDC/WBTC/WETH, 3pool, and USDS/stUSDS, while fee declines were comparatively modest.

📍	Chain	Pool	Volume	Fees	Change
1		USDC WBTC WETH	$31.7M	$14.6k	+$6.75k
2		DAI USDC USDT	$107M	$16k	+$6.47k
3		USDS stUSDS	$7.06M	$8.2k	+$6.42k
...	...	...	...	...	...
-3		sDAI sUSDe	$2.27M	$512	-$1.24k
-2		NUSD USDC	$9.6M	$970	-$1.3k
-1		reUSD scrvUSD	$3.1M	$793	-$2.48k

Volume Winners & Losers

Volume increases were concentrated in large stablecoin pools, with PYUSD/USDS and sUSDS/USDT leading week-over-week growth.

📍	Chain	Pool	Volume	Fees	Change
1		PYUSD USDS	$667M	$7.32k	+$185M
2		sUSDS USDT	$385M	$6.32k	+$148M
3		USDC USDT	$217M	$2.77k	+$137M
...	...	...	...	...	...
-3		reUSD scrvUSD	$3.1M	$793	-$10.2M
-2		WETH weETH	$6.78M	$631	-$10.4M
-1		NUSD USDC	$9.6M	$970	-$12.5M

TVL Winners & Losers

USDC/RLUSD lead the inflows this week, with the YB crvUSD/cbBTC pool increasing in TVL from the higher BTC price, and the stETH pool benefiting from the higher ETH value in USD.

📍	Chain	Pool	TVL	Change
1		USDC RLUSD	$87.6M	+$5.72M
2		crvUSD cbBTC	$186M	+$5.06M
3		WETH superOETHb	$44.6M	+$3.61M
...	...	...	...	...
-3		scrvUSD sDOLA	$499k	-$1.61M
-2		eUSD USDC	$1.82M	-$1.94M
-1		DOLA wstUSR	$24.3M	-$12.9M

Llamalend Winners & Losers

crvUSD Minting Markets - Borrowing Winners & Losers

The increase in borrowing was largely because of generated interest fees creating more debt for borrowers. Unfortunately the crvUSD markets are still in a period of flux with crvUSD trying to stabilize back firmly at $1.

📍	Chain	Market	Collateral	Borrowed	Change
1		crvUSD wstETH	$3.12M	$1.67M	+$4.73k
2		crvUSD sfrxETH	$329k	$150k	+$495
3		crvUSD LBTC	$2.86	$1.02	+$0.00281
...	...	...	...	...	...
-3		crvUSD sfrxETH	$1.43M	$854k	-$17.8k
-2		crvUSD WBTC	$28.9M	$14.1M	-$57.2k
-1		crvUSD WETH	$4.04M	$2.61M	-$94.1k

Lend Markets - Borrowing Winners & Losers

sDOLA led borrowing growth this week, while sUSDe and sfrxUSD markets saw the largest borrow reductions.

📍	Chain	Market	Supplied	Borrowed	Change
1		crvUSD sDOLA	$21.7M	$11.8M	+$425k
2		crvUSD WBTC	$3.56M	$2.38M	+$160k
3		crvUSD wstETH	$861k	$667k	+$128k
...	...	...	...	...	...
-3		crvUSD WBTC	$512k	$248k	-$28.5k
-2		crvUSD sfrxUSD	$3.81M	$2.93M	-$86.8k
-1		crvUSD sUSDe	$1.98M	$1.72M	-$181k

Lend Markets - Supplying Winners & Losers

Supplied crvUSD rose most in sreUSD, wstETH, and sfrxUSD markets, while fxSAVE saw the largest supply outflow.

📍	Chain	Market	Supplied	Borrowed	Change
1		crvUSD sreUSD	$28.1M	$15.6M	+$289k
2		crvUSD wstETH	$861k	$667k	+$138k
3		crvUSD sfrxUSD	$3.81M	$2.93M	+$125k
...	...	...	...	...	...
-3		crvUSD sUSDe	$1.98M	$1.72M	-$255k
-2		crvUSD sDOLA	$21.7M	$11.8M	-$352k
-1		crvUSD fxSAVE	$400k	$245k	-$383k

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.