Curve Best Yields & Key Metrics | Week 33, 2026

Weekly yield and Curve ecosystem metric updates as of the 13th August, 2026

Top Yields: 1st. sUSG/reUSD Pool on Ethereum with 18.0% Yield, 2nd. USD3/scrvUSD Pool on Ethereum with 12.5% Yield, 3rd. MUSD/USDC/USDT Pool on Ethereum with 9.2% Yield

Market Overview

Welcome to another weekly newsletter. Here's the news:

• Llamalend grew on every measure: supply up 22.7% to $77.1M, borrowing up 13.3% to $97.7M, TVL up 12.3% to $164M, and 1,094 loans open
• The svZCHF/crvUSD market went live on Llamalend V2 with a 500,000 crvUSD borrow cap: vote 1474 executed on the 12th of August
• CRV entered its sixth mining epoch on the 12th of August: daily emissions stepped down 15.91%, from 316,563 to 266,197 CRV. The step is written into the token contract, runs every 365 days and does not change how emissions are split between gauges
• crvUSD minting grew 5.3% to $39.8M, the average borrow rate held at 2.1% and PegKeeper reserves stayed at $33.8M
• Robinhood Chain enters the fee table: Curve's new deployment contributed $118.7k of this week's pool fees, second only to Ethereum
• Eight non-binding preference votes on risk-provider candidates opened on the 10th of August, each candidate with its own vote, alongside a separate add-on proposal

As always, see all the highlighted opportunities and weekly 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. All yields are calculated assuming a minimum of $100k TVL.

Top USD Yields

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

Note: yields are shown as the rate a new $100k deposit would actually receive: base fees plus unboosted CRV gauge rewards plus any live Merkl campaign, diluted by the deposit itself.

Chain	Market	Type	Yield
	sUSG reUSD	Pool	18.0%
	USD3 scrvUSD	Pool	12.5%
	MUSD USDC USDT	Pool	9.2%
	frxUSD USD3	Pool	8.5%
	frxUSD sGho	Pool	7.8%
	frxUSD sUSDe	Pool	7.6%
	USD3 sUSDS	Pool	7.5%
	frxUSD DUSD	Pool	7.2%
	apyUSD apxUSD	Pool	7.1%
	crvUSD fxSAVE	Llamalend	6.8%

Top BTC & ETH Yields

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

ETH pairs hold the top of this table: ETH/ETHx leads on 5.4%, with alETH/WETH on Arbitrum at 4.6%. The BTC side is quieter, topping out at 3.3% on the WBTC/cbBTC/hemiBTC pool.

Chain	Market	Asset	Yield
	ETH ETHx	ETH	5.4%
	alETH WETH	ETH	4.6%
	WBTC cbBTC hemiBTC	BTC	3.3%
	cbBTC WBTC	BTC	3.1%
	frxETH sfrxETH	ETH	3.1%
	cbBTC WBTC LBTC	BTC	1.4%

Other Top Yields

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

CRV liquid-locker pairs pay the most here, CRV/sdCRV at 11.4% and CRV/yCRV at 7.5%. Among the non-dollar currencies, crvUSD/CJPY offers 5.6% and crvUSD/ZCHF 3.5%; the gold pair XAUt/PAXG remains close to zero at 0.1%.

Chain	Market	Asset	Yield
	CRV sdCRV	CRV	11.4%
	CRV yCRV	CRV	7.5%
	crvUSD CJPY	FOREX	5.6%
	GHO cbBTC WETH	TRICRYPTO	4.5%
	crvUSD ZCHF	FOREX	3.5%
	EURe WXDAI USDC USDT	FOREX	2.1%
	XAUt PAXG	GOLD	0.1%

Top Llamalend Supply Yields

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

Supply rates use the same basis as the table above: base lending rate plus unboosted CRV gauge rewards plus any live Merkl campaign, diluted for a $100k deposit. Markets that are more than 95% lent out are left off: the rate they show falls away as soon as new money arrives.

Chain	Market	Supply Rate
	crvUSD fxSAVE	6.8%
	USDC wstETH	5.3%
	USDC WBTC	5.1%
	crvUSD sDOLA	5.0%
	crvUSD syrupUSDC	4.9%
	crvUSD sfrxUSD	4.3%
	crvUSD WETH	4.1%
	crvUSD WBTC	4.0%
	crvUSD sUSDe	3.5%
	crvUSD WETH	3.4%

Weekly Metrics

crvUSD & scrvUSD

crvUSD minting grew 5.3% to $39.8M while the average borrow rate held at 2.1% and PegKeepers kept $33.8M in reserves. The scrvUSD savings yield edged up to 1.5%, while the share of minted crvUSD sitting in savings fell 4.9 points to 43.1% as new minting outpaced deposits. crvUSD trades at $0.9991. Minting fees came to 14.9k crvUSD on the week, down 2.6%.

Metric	Value	Change
crvUSD Minted	$39.8M	+5.3%
scrvUSD Yield	1.5%	+0.2%
crvUSD inscrvUSD	43.1%	-4.9%
crvUSD Price	$0.9991	-$0.0001
Avg. Borrow Rate	2.1%	+0.1%
Peg Stability Reserves	$33.8M	-
PegKeeper Profit	$520	-$565
Fees	$14.9k	-2.6%

Llamalend

Llamalend TVL rose 12.3% to $164M, the one part of the protocol that grew this week. Supply led at +22.7% to $77.1M, ahead of debt at +13.3% to $97.7M, so deposits came in faster than they were borrowed; collateral rose 10.1% to $144M and the loan count reached 1,094. Fees paid to the protocol were $470 for the week. Only the V2 markets pay a share of interest to the DAO, so only those are counted here; in the older markets all of the interest goes to lenders.

DEX

Robinhood Chain enters the fee table. Curve's new deployment contributed $118.7k of this week's pool fees, second only to Ethereum. With it counted, DEX fees finished the week flat at $237k, up 0.9%, and the swap count rose 20.9% to 459k. Volume fell 24.9% to $536M. Set Robinhood aside and the established chains had a soft week: the single largest move is USDC/sUSDat, which turned over $117M less than last week, $129.8M down to $13.1M. That volume left on its own: the pool traded $53.3M on the 30th of July and was down to $0.3M a day by the 8th of August. Vote 1473 raised that pool's swap fee from 0.01% to 0.50%, but it executed on the 11th of August, when most of the volume had already gone. TVL was flat at $1.43B. Note that the fee line here counts DEX pool fees only; crvUSD minting fees and Llamalend fees are shown separately in their own sections above.

DAO

veCRV distribution fell 41.8% to $41.6k, taking the veCRV APR down to 1.088%, following the lower fees on the established chains described above. CRV locked holds at 851M with 781M veCRV outstanding, and weekly emissions were $529k (2.22M CRV), up 16.0% on a higher CRV price. CRV entered its sixth mining epoch on the 12th of August, and daily emissions stepped down from 316,563 to 266,197 CRV, a cut of 15.91% written into the token contract. The 4.799% in the table annualises the week just gone, almost all of which ran at the old rate; at the new rate a year of issuance is 97.2M CRV, or 4.03% of supply.

Metric	Value	Change
CRV Circ. Supply	1.55B	+0.1%
CRV Locked	851M	-
Total veCRV	781M	-0.2%
veCRV Distribution	$41.6k	-41.8%
veCRV APR	1.088%	-1.168%
CRV Emissions	$529k (2.22M CRV)	+16.0%
Inflation Rate	4.799%	-0.004%

Top Stableswap Pools

DAI/USDC/USDT moved up one place to the top on $54.2M, with USDG/USDC three places up at #2 on $47.7M and WETH/weETH also three places up at #3 on $24.4M. The sharpest climbers were further down the table: USD1/USDC/USDT rose eighteen places to #10 and trUSD/USDC twelve places to #9.

📍	🔄	Chain	Pool	Volume	Fees
1	+1		DAI USDC USDT	$54.2M	$8.1k
2	+3		USDG USDC	$47.7M	$4.8k
3	+3		WETH weETH	$24.4M	$1.3k
4	+6		USDC RLUSD	$22.8M	$4.6k
5	+4		USDC USDat	$22.5M	$2.3k
6	-3		PYUSD USDC	$21.7M	$2.2k
7	+1		USDT crvUSD	$19.7M	$2.0k
8	-4		USDC USDT	$17.2M	$364.3
9	+12		trUSD USDC	$15.1M	$1.5k
10	+18		USD1 USDC USDT	$14.1M	$130.9

Top Cryptoswap Pools

The two TriCrypto pools swapped places once more, USDC/WBTC/WETH taking #1 on $8.7M ahead of USDT/WBTC/WETH on $7.4M. crvUSD/WETH/CRV holds #3 on $5.3M. Volumes shown are weekly totals.

📍	🔄	Chain	Pool	Volume	Fees
1	+1		USDC WBTC WETH	$8.7M	$3.5k
2	-1		USDT WBTC WETH	$7.4M	$3.2k
3	+1		crvUSD WETH CRV	$5.3M	$3.3k
4	-1		EURe WXDAI USDC USDT	$2.1M	$726.1
5	+1		WETH CVX	$1.9M	$8.4k
6	-1		crvUSD tBTC wstETH	$1.1M	$1.2k

Gauge Winners & Losers

ETH/ETHx took the largest gauge weight gain (+1.82k), followed by the new crvUSD/svZCHF market (+1.71k), which earns emissions from its first week, before any supply has arrived. On the other side, DOLA/sUSDe shed the most (-29.7k), with FRAX/USDe and reUSD/scrvUSD both down 22k.

📍	Chain	Pool / Market	TVL	CRV Emissions	Change
1		ETH ETHx	$205k	1.82k	+1.82k
2		crvUSD svZCHF	$0	1.71k	+1.71k
3		OUSD eUSD	$4.27k	67.4	+67.4
...	...	...	...	...	...
-3		FRAX USDe	$34M	117k	-22k
-2		reUSD scrvUSD	$9.26M	117k	-22k
-1		DOLA sUSDe	$46.8M	155k	-29.7k

DEX Winners & Losers

Fees Winners & Losers

WETH/CVX added the most fees (+$5.01k) on $1.93M of volume, with crvUSD/YB up $2.67k and crvUSD/WETH/CRV up $1.72k. USDC/sUSDat gave back the most (-$14.8k), in line with its lost volume, with frxUSD/msUSD (-$9.59k) and WETH/USDC (-$5.9k) next.

📍	Chain	Pool	Volume	Fees	Change
1		WETH CVX	$1.93M	$8.37k	+$5.01k
2		crvUSD YB	$980k	$3.5k	+$2.67k
3		crvUSD WETH CRV	$5.34M	$3.3k	+$1.72k
...	...	...	...	...	...
-3		WETH USDC	$1.58M	$3.16k	-$5.9k
-2		frxUSD msUSD	$1.42M	$2.21k	-$9.59k
-1		USDC sUSDat	$13.1M	$1.63k	-$14.8k

Volume Winners & Losers

USDG/USDC added the most volume (+$16.7M), followed by USD1/USDC/USDT (+$10.5M) and trUSD/USDC (+$9.9M). USDC/sUSDat lost $117M, four times the next-largest decline, with DAI/USDC/USDT (-$29.8M) and PYUSD/USDC (-$19.2M) behind it.

📍	Chain	Pool	Volume	Fees	Change
1		USDG USDC	$47.7M	$4.82k	+$16.7M
2		USD1 USDC USDT	$14.1M	$131	+$10.5M
3		trUSD USDC	$15.1M	$1.53k	+$9.9M
...	...	...	...	...	...
-3		PYUSD USDC	$21.7M	$2.23k	-$19.2M
-2		DAI USDC USDT	$54.2M	$8.12k	-$29.8M
-1		USDC sUSDat	$13.1M	$1.63k	-$117M

TVL Winners & Losers

DOLA/sUSDe drew the biggest TVL inflow (+$5.87M), ahead of OETH/WETH (+$4.24M) and crvUSD/WBTC (+$2.12M). NUSD/USDC saw the largest exit (-$3.51M, leaving $27k behind), with crvUSD/cbBTC (-$2.67M) and USD0/bUSD0 (-$1.96M) next.

📍	Chain	Pool	TVL	Change
1		DOLA sUSDe	$46.8M	+$5.87M
2		OETH WETH	$46.7M	+$4.24M
3		crvUSD WBTC	$50.5M	+$2.12M
...	...	...	...	...
-3		USD0 bUSD0	$1.75M	-$1.96M
-2		crvUSD cbBTC	$82.6M	-$2.67M
-1		NUSD USDC	$27k	-$3.51M

Llamalend Winners & Losers

crvUSD Minting Markets - Borrowing Winners & Losers

cbBTC led crvUSD borrow growth (+$979k), with wstETH (+$511k) and WBTC (+$342k) behind it. Repayments were negligible this week: no crvUSD minting market gave back more than $5.

📍	Chain	Market	Collateral	Borrowed	Change
1		crvUSD cbBTC	$8.97M	$5.49M	+$979k
2		crvUSD wstETH	$23.5M	$11.1M	+$511k
3		crvUSD WBTC	$30.2M	$15.2M	+$342k
...	...	...	...	...	...
-3		crvUSD weETH	$325k	$154k	+$51
-2		crvUSD LBTC	$2.66	$1.08	+$0.00237
-1		crvUSD sfrxETH	$305k	$154k	-$4.35

Lend Markets - Borrowing Winners & Losers

sreUSD led new Llamalend borrowing (+$5.1M), with sfrxUSD (+$4.95M) and the new syrupUSDC market (+$1.24M) next. Note that sfrxUSD appears on both sides of this table, and they are two different markets: the V2 market opened in July added $4.95M, while the original market from February 2025 repaid $3.8M.

📍	Chain	Market	Supplied	Borrowed	Change
1		crvUSD sreUSD	$25.4M	$24.2M	+$5.1M
2		crvUSD sfrxUSD	$9.62M	$7.5M	+$4.95M
3		crvUSD syrupUSDC	$3.56M	$1.69M	+$1.24M
...	...	...	...	...	...
-3		crvUSD WBTC	$4.12M	$3.19M	-$29k
-2		USDC WBTC	$380k	$303k	-$328k
-1		crvUSD sfrxUSD	$11.7M	$9.03M	-$3.8M

Lend Markets - Supplying Winners & Losers

sfrxUSD drew the most fresh supply (+$6.33M), followed by sreUSD (+$3.3M) and sUSDe (+$3.21M). As with borrowing, the two sfrxUSD markets moved in opposite directions: the V2 market took in $6.33M while the original one gave back $4.53M, so much of this is rotation rather than new capital.

📍	Chain	Market	Supplied	Borrowed	Change
1		crvUSD sfrxUSD	$9.62M	$7.5M	+$6.33M
2		crvUSD sreUSD	$25.4M	$24.2M	+$3.3M
3		crvUSD sUSDe	$6.45M	$2.22M	+$3.21M
...	...	...	...	...	...
-3		USDC wstETH	$360k	$309k	-$92.7k
-2		USDC WBTC	$380k	$303k	-$511k
-1		crvUSD sfrxUSD	$11.7M	$9.03M	-$4.53M

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.