Curve Best Yields & Key Metrics | Week 31, 2026
Weekly yield and Curve ecosystem metric updates as of the 30th July, 2026
Weekly yield and Curve ecosystem metric updates as of the 30th July, 2026
Top Yields: 1st. frxUSD/USP Pool on Ethereum with >100% Yield, 2nd. sdUSD/frxUSD Pool on Ethereum with 19.4% Yield, 3rd. sUSG/reUSD Pool on Ethereum with 19.0% Yield
Market Overview
- Llamalend supply rates reached 7.7% on Optimism USDC/wstETH, with several other markets between 6.7% and 7.4%.
- crvUSD minting increased 8.0% to $36.6 million, while its average borrow rate eased to 2.0%.
- Curve DEX volume fell 13.4%, but the number of swaps increased 15.2%, indicating more trades at a smaller average size.
- Two governance processes were reported as ongoing:
- Activate the syrupUSDC/crvUSD Llamalend V2 market
- Disable the Odos router on Leverage-Zap contracts across all supported chains following the announcement that Odos is winding down.
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. Yields are shown as the rate a new $10k deposit would receive, so gauge rewards concentrated in a lightly staked pool are diluted accordingly.
| Chain | Market | Type | Yield |
|---|---|---|---|
 |
 frxUSD USP |
Pool | 304.8% |
|
 sdUSDfrxUSD |
Pool | 19.4% |
|
 sUSG reUSD |
Pool | 19.0% |
|
 VUSD crvUSD |
Pool | 14.9% |
|
 USG sDOLA |
Pool | 12.1% |
|
 USD3 sUSDe |
Pool | 11.7% |
|
 fxUSDfrxUSD |
Pool | 11.2% |
|
USD3 sUSDS |
Pool | 11.1% |
|
crvUSDsDOLA |
Llamalend | 10.7% |
 |
 frxUSD USDp |
Pool | 10.4% |
Top BTC & ETH Yields
| Chain | Market | Asset | Yield |
|---|---|---|---|
|
 ynETHx WETH |
ETH | 4.2% |
|
 ETH+WETH |
ETH | 4.0% |
|
 msETHWETH |
ETH | 3.9% |
|
 WBTC cbBTC hemiBTC |
BTC | 3.3% |
 |
 cbBTC WBTC LBTC |
BTC | 2.9% |
|
cbBTCWBTC |
BTC | 0.9% |
Other Top Yields
| Chain | Market | Asset | Yield |
|---|---|---|---|
|
 CRV sdCRV |
CRV | 15.7% |
 |
 CRV crvUSD |
CRV | 11.3% |
 |
 EURe WXDAI USDC USDT |
FOREX | 7.3% |
|
crvUSD CJPY |
FOREX | 6.1% |
|
 GHOcbBTCWETH |
TRICRYPTO | 5.9% |
|
crvUSD ZCHF |
FOREX | 3.9% |
|
 XAUt PAXG |
GOLD | 0.3% |
Top Llamalend Supply Yields
| Chain | Market | Supply Rate |
|---|---|---|
| Optimism | USDC/wstETH | 7.7% |
| Optimism | USDC/WBTC | 7.4% |
| Arbitrum | crvUSD/WBTC | 6.9% |
| Ethereum | crvUSD/sDOLA | 6.8% |
| Arbitrum | crvUSD/WETH | 6.7% |
| Optimism | WETH/wstETH | 3.3% |
| Ethereum | crvUSD/wstETH | 3.3% |
| Ethereum | crvUSD/sUSDe | 2.6% |
| Ethereum | crvUSD/sfrxUSD | 2.3% |
| Ethereum | crvUSD/WBTC | 2.2% |
Supply rates are base plus any live Merkl campaign. Markets above 95% utilization are excluded: their advertised rate collapses on the first deposit.
Weekly Metrics
crvUSD & scrvUSD
crvUSD minting grew 8.0% to $36.6M, its strongest weekly gain since April, while the average borrow rate eased to 2.0%. PegKeepers held steady at $33.8M in reserves. The scrvUSD savings yield stands at 1.0%, with 52.4% of minted crvUSD staked (down 3.8% on the week as new minting outpaced savings deposits); crvUSD trades at $0.9993.
| Metric | Value | Change |
|---|---|---|
| crvUSD Minted |
$36.6M | +8.0% |
 scrvUSD Yield |
1.0% | -0.2% |
| crvUSD inscrvUSD |
52.4% | -3.8% |
| crvUSD Price |
$0.9993 | -$0.0003 |
| Avg. Borrow Rate |
2.0% | - |
| Peg Stability Reserves |
$33.8M | - |
| PegKeeper Profit |
$1.01k | -$71.1 |
Llamalend
Llamalend TVL rose 4.1% to $140M, with borrowing the main driver: debt grew 4.2% to $80.4M and collateral 4.4% to $124M. Supply lagged behind at $57.9M (+1.3%), with the loan count at 1,033.
| Metric | Value | Change |
|---|---|---|
| 🦙 Llamalend TVL | $140M | +4.1% |
| 🦙 Supplied | $57.9M | +1.3% |
| 🦙 Borrowed | $80.4M | +4.2% |
| 🦙 Collateral | $124M | +4.4% |
| 🦙 Loans | 1033 | +8 |
DEX
DEX volume fell 13.4% to $592M, but the swap count moved the other way, up 15.2% to 530k — the week's trades were more numerous and individually smaller. Total fees followed volume down to $244k (-10.8%), and TVL was steady at $1.45B (-0.4%).
| Metric | Value | Change |
|---|---|---|
| 🔄 TVL | $1.45B | -0.4% |
| 🔄 Volume | $592M | -13.4% |
| 🔄 Swaps | 530k | +15.2% |
| 🔄 Total Fees | $244k | -10.8% |
DAO
veCRV distribution was near-flat at $68.4k (+0.8%), holding the veCRV APR at 2.184%. CRV locked stands at 851M with 784M veCRV outstanding; weekly CRV emissions were $460k (2.22M CRV), down 3.1% on the CRV price rather than on the emission schedule.
| Metric | Value | Change |
|---|---|---|
| CRV Circ. Supply |
1.54B | +0.2% |
| CRV Locked |
851M | - |
 Total veCRV |
784M | - |
| veCRV Distribution |
$68.4k | +0.8% |
| veCRV APR |
2.184% | +0.047% |
| CRV Emissions |
$460k (2.22M CRV) | -3.1% |
| Inflation Rate |
4.808% | -0.004% |
Top Stableswap Pools
DAI/USDC/USDT held the top stableswap spot at $74.1M. The week's mover was PYUSD/USDC, up 16 places to #2 on $62.7M, with USDC/sUSDat close behind climbing 17 places to #4 on $32M. USDC/USDT gave back six places to #8.
| 📍 | 🔄 | Chain | Pool | Volume | Fees |
|---|---|---|---|---|---|
| 1 | - | |
 DAI USDC USDT |
$74.1M | $11.1k |
| 2 | +16 | |
 PYUSDUSDC |
$62.7M | $6.6k |
| 3 | - | |
 USDGUSDC |
$35.3M | $3.6k |
| 4 | +17 | |
USDC sUSDat |
$32.0M | $4.3k |
| 5 | +2 | |
USDTcrvUSD |
$27.9M | $2.8k |
| 6 | - | |
USDC USDat |
$26.7M | $2.7k |
| 7 | +3 | |
USDCcrvUSD |
$20.8M | $2.1k |
| 8 | -6 | |
USDCUSDT |
$17.3M | $384.3 |
| 9 | +4 | |
 apxUSDUSDC |
$16.2M | $52.9k |
| 10 | +14 | |
 WETH USDC |
$14.0M | $27.9k |
Top Cryptoswap Pools
Cryptoswap rankings were unchanged at the top, led by the two TriCrypto pools at $6.1M and $6.0M. Volumes shown are weekly totals.
| 📍 | 🔄 | Chain | Pool | Volume | Fees |
|---|---|---|---|---|---|
| 1 | - | |
USDCWBTCWETH |
$6.1M | $3.2k |
| 2 | - | |
USDTWBTCWETH |
$6.0M | $3.5k |
| 3 | - | |
EUReWXDAIUSDCUSDT |
$5.7M | $2.0k |
| 4 | - | |
crvUSDWETHCRV |
$3.3M | $1.7k |
| 5 | +3 | |
WETH CVX |
$1.2M | $4.4k |
| 6 | -1 | |
ETH+ eUSD RSR |
$1.1M | $946.0 |
Gauge Winners & Losers
FT/ftUSD took the largest gauge weight gain (+5.72k) while ftUSD/USDC shed a near-identical amount (-5.64k). VUSD/crvUSD (+2.36k) and OETH/WETH (+1.03k) also added weight.
| 📍 | Chain | Pool / Market | TVL | CRV Emissions | Change |
|---|---|---|---|---|---|
| 1 | |
 FT ftUSD |
$2.82k | 5.72k | +5.72k |
| 2 | |
VUSDcrvUSD |
$225k | 4.37k | +2.36k |
| 3 | |
 OETHWETH |
$42M | 91.8k | +1.03k |
| ... | ... | ... | ... | ... | ... |
| -3 | |
frxUSDcrvUSD |
$12.4M | 72.8k | -441 |
| -2 | |
 FRAXUSDC |
$2.17M | 9.91k | -1.9k |
| -1 | |
ftUSDUSDC |
$1.88M | 1.91k | -5.64k |
DEX Winners & Losers
Fees Winners & Losers
WETH/USDC posted the largest fee gain (+$16k), followed by PYUSD/USDC (+$5.55k) and USDC/sUSDat (+$3.4k). apyUSD/apxUSD gave back the most (-$11.9k) after its prior-week surge, with USDC/RLUSD (-$4.35k) next.
| 📍 | Chain | Pool | Volume | Fees | Change |
|---|---|---|---|---|---|
| 1 | |
WETHUSDC |
$14M | $27.9k | +$16k |
| 2 | |
PYUSDUSDC |
$62.7M | $6.62k | +$5.55k |
| 3 | |
USDCsUSDat |
$32M | $4.27k | +$3.4k |
| ... | ... | ... | ... | ... | ... |
| -3 | |
DAIUSDCUSDT |
$74.1M | $11.1k | -$3.31k |
| -2 | |
USDC RLUSD |
$10.9M | $2.22k | -$4.35k |
| -1 | |
 apyUSDapxUSD |
$882k | $1.76k | -$11.9k |
Volume Winners & Losers
PYUSD/USDC added by far the most volume (+$52.3M) as it climbed to #2, with USDC/sUSDat (+$24M) and WETH/USDC (+$8.01M) behind it. USDC/USDT saw the largest outflow (-$36.5M), followed by WETH/weETH (-$28.1M).
| 📍 | Chain | Pool | Volume | Fees | Change |
|---|---|---|---|---|---|
| 1 | |
PYUSDUSDC |
$62.7M | $6.62k | +$52.3M |
| 2 | |
USDCsUSDat |
$32M | $4.27k | +$24M |
| 3 | |
WETHUSDC |
$14M | $27.9k | +$8.01M |
| ... | ... | ... | ... | ... | ... |
| -3 | |
DAIUSDCUSDT |
$74.1M | $11.1k | -$22.1M |
| -2 | |
WETH weETH |
$10.4M | $566 | -$28.1M |
| -1 | |
USDCUSDT |
$17.3M | $384 | -$36.5M |
TVL Winners & Losers
LUAUSD/USDC.e/USD₮0 drew the biggest TVL inflow (+$13.4M). Behind it, strUSD/trUSD (+$10M) and trUSD/USDC (+$6.17M) were seeded this week, both having sat at under $2 of TVL a week earlier. FRAX/USDe saw the largest exit (-$9.93M), with USDC/USDat (-$5.15M) next.
| 📍 | Chain | Pool | TVL | Change |
|---|---|---|---|---|
| 1 |  |
 LUAUSD USDC.e USD₮0 |
$17.1M | +$13.4M |
| 2 | |
 strUSD trUSD |
$10M | +$10M |
| 3 | |
trUSDUSDC |
$6.17M | +$6.17M |
| ... | ... | ... | ... | ... |
| -3 | |
frxUSD msUSD |
$13.6M | -$3.05M |
| -2 | |
USDCUSDat |
$9.75M | -$5.15M |
| -1 | |
FRAX USDe |
$34.1M | -$9.93M |
Llamalend Winners & Losers
crvUSD Minting Markets - Borrowing Winners & Losers
wstETH led crvUSD borrow growth by a wide margin (+$1.82M), with cbBTC (+$531k) and WBTC (+$319k) behind it. Net repayments were negligible across the other minting markets.
| 📍 | Chain | Market | Collateral | Borrowed | Change |
|---|---|---|---|---|---|
| 1 | |
crvUSD wstETH |
$22.4M | $10.4M | +$1.82M |
| 2 | |
crvUSDcbBTC |
$3.67M | $2.34M | +$531k |
| 3 | |
crvUSDWBTC |
$35M | $17.3M | +$319k |
| ... | ... | ... | ... | ... | ... |
| -3 | |
crvUSD sfrxETH |
$308k | $154k | -$1.2 |
| -2 | |
crvUSDWETH |
$3.42M | $1.73M | -$2.27k |
| -1 | |
crvUSD tBTC |
$4.81M | $3.14M | -$19.4k |
Lend Markets - Borrowing Winners & Losers
The two Llamalend V2 markets on mainnet took the top two spots for new borrowing: sDOLA (+$542k) and sfrxUSD (+$271k). crvUSD/WBTC saw the largest repayment (-$161k).
| 📍 | Chain | Market | Supplied | Borrowed | Change |
|---|---|---|---|---|---|
| 1 | |
crvUSDsDOLA |
$635k | $592k | +$542k |
| 2 | |
crvUSD sfrxUSD |
$398k | $272k | +$271k |
| 3 | |
crvUSDwstETH |
$1.19M | $948k | +$84.8k |
| ... | ... | ... | ... | ... | ... |
| -3 |  |
 USDC WBTC |
$1.16M | $617k | -$49.4k |
| -2 | |
crvUSD fxSAVE |
$1.24M | $280k | -$88.3k |
| -1 | |
crvUSDWBTC |
$4.06M | $3.21M | -$161k |
Lend Markets - Supplying Winners & Losers
fxSAVE drew the most fresh supply (+$871k), followed by the sDOLA (+$576k) and sfrxUSD (+$393k) V2 markets. On the other side, sreUSD gave back $728k and the older, much larger sfrxUSD market shed $162k even as its V2 counterpart grew.
| 📍 | Chain | Market | Supplied | Borrowed | Change |
|---|---|---|---|---|---|
| 1 | |
crvUSDfxSAVE |
$1.24M | $280k | +$871k |
| 2 | |
crvUSDsDOLA |
$635k | $592k | +$576k |
| 3 | |
crvUSDsfrxUSD |
$398k | $272k | +$393k |
| ... | ... | ... | ... | ... | ... |
| -3 | |
crvUSDsfrxUSD |
$16.5M | $12.8M | -$162k |
| -2 | |
crvUSDWBTC |
$4.06M | $3.21M | -$169k |
| -1 | |
crvUSD sreUSD |
$23.9M | $18.2M | -$728k |
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.