Weekly Yields

Curve Best Yields & Key Metrics | Week 35, 2026

Weekly yield and Curve ecosystem metric updates as of the 27th August, 2026

Nik

27 Aug 2026 • 24 min read

This week in 60 seconds

Top pool APYs: sUSG/reUSD at 23.7%, MUSD/USDC/USDT at 22.8%, and OUSD/USG at 17.6%.
Yield quality: most leading USD rates are incentive-driven; sUSG/reUSD has the strongest disclosed fee component.
Lending: the highest listed supply rates are 6.7% for USDC/WBTC and crvUSD/svZCHF.
Protocol: PegKeeper reserves rose to $65 million, with crvUSD at $0.9998 at the snapshot.
Governance: yRisk was selected as risk assessor, with funding under vote.

This week's takeaway: most leading USD rates depend more on incentives than trading fees. sUSG/reUSD is the exception among the highlighted pools, with 8.98 percentage points of its 23.66% rate coming from fees.

Top yields

Rates are estimated annualized returns for a modeled $100,000 deposit after pool dilution. They include base fees, unboosted CRV and active Merkl rewards where applicable. Rates are variable and not guaranteed. Data snapshot: 27 August 2026.

Top USD Yields

Market	Type	Est. APY
sUSG reUSD (Re Protocol)	Pool	23.7%
MUSD USDC USDT	Pool	22.8%
OUSD USG	Pool	17.6%
frxUSD USG	Pool	17.1%
USDC USG	Pool	15.0%
evaUSDC USDC	Pool	12.8%
evaUSDT USDT	Pool	11.5%
BOLD LUSD	Pool	10.7%
USG sDOLA	Pool	10.1%
USDC sUSDat	Pool	9.9%

What supports the leading rates: MUSD/USDC/USDT earns 0.27% in base fees against 22.57% in incentives. frxUSD/USG earns 0.25% in base fees against 16.88% in incentives. The relevant pools range from $0.65 million to $2.38 million. sUSG/reUSD is more fee-supported, with 8.98 percentage points of its 23.66% rate coming from fees.

Top Llamalend Supply Yields

Chain	Market	Supply APY
	USDC WBTC	6.7%
	crvUSD svZCHF	6.7%
	USDC wstETH	4.6%
	crvUSD sDOLA	4.5%
	crvUSD sfrxUSD	4.4%
	crvUSD sUSDe	4.0%
	crvUSD WBTC	3.9%
	crvUSD syrupUSDC	3.5%
	crvUSD WBTC	3.5%
	crvUSD WETH	3.5%

Top BTC & ETH Yields

Market	Asset	Est. APY
ETH ETHx	ETH	7.7%
alETH WETH	ETH	4.5%
pufETH wstETH	ETH	3.1%
WBTC cbBTC hemiBTC	BTC	2.7%
cbBTC WBTC	BTC	2.0%
cbBTC WBTC LBTC	BTC	1.5%

Other Top Yields

Market	Asset	Est. APY
CRV sdCRV	CRV	11.1%
crvUSD OP CRV	CRV	9.8%
GHO cbBTC WETH	TRICRYPTO	5.5%
crvUSD ZCHF	FOREX	4.2%
crvUSD CJPY	FOREX	3.5%
USDC sUSDat	FOREX	1.8%
XAUt PAXG	GOLD	0.2%

Protocol health

crvUSD remained close to its target price at $0.9998 while PegKeeper reserves increased to $65 million. Lending and DEX activity also expanded, although the data below does not establish individual-loan health, bad debt or lender withdrawability. Peg, reserves and bad debt are health indicators; TVL, borrowing, swaps and volume are activity indicators, and aggregate collateral growth does not show that individual loans became better covered.

crvUSD & scrvUSD

Metric	Value	Change
crvUSD Minted	$66.3M	+76.0%
scrvUSD Yield	1.3%	-0.1%
crvUSD inscrvUSD	26.1%	-18.3%
crvUSD Price	$0.9998	-
Avg. Borrow Rate	1.1%	-0.9%
Peg Stability Reserves	$65M	+$26.5M
PegKeeper Profit	$9.72k	+$8.97k
Fees	$12.2k	-21.7%

Reserves grew by more than the whole PegKeeper balance stood at two weeks ago.

Llamalend

Metric	Value	Change
🦙 Llamalend TVL	$243M	+33.4%
🦙 Supplied	$91.9M	+3.0%
🦙 Borrowed	$131M	+32.6%
🦙 Collateral	$215M	+40.2%
🦙 Loans	1124	+12
🦙 Fees	$1.14k	+30.6%

DEX

Metric	Value	Change
🔄 TVL	$1.54B	+4.7%
🔄 Volume	$1.1B	+91.2%
🔄 Swaps	618k	+25.7%
🔄 Total Fees	$347k	+24.0%

Volume grew far faster than swap count, so the average trade was about half as large again.

Fees here are DEX pool fees only; crvUSD minting fees and Llamalend fees appear in their own sections.

DAO

Metric	Value	Change
CRV Circ. Supply	1.55B	+0.1%
CRV Locked	851M	-
Total veCRV	781M	+0.4%
veCRV Distribution	$105k	-28.1%
veCRV APR	2.211%	-1.499%
CRV Emissions	$592k (1.86M CRV)	+8.3%
Inflation Rate	4.029%	-0.766%

Governance and protocol updates

More room to borrow against sreUSD

Vote 1475 raised the DAO’s crvUSD credit line to the sreUSD LlamaLend market from $15 million to $30 million.

sreUSD is the yield-bearing version of Resupply’s reUSD stablecoin. Holders can use it as collateral to borrow crvUSD without selling their position—either to access liquidity or to build a leveraged loop with greater exposure to sreUSD yield.

At the publication snapshot, the market had $36.4 million supplied and $23.7 million borrowed, with 65% utilization, a 0.50% variable borrow rate and a 0.33% supply APY.

yRisk selected as risk assessor, funding under vote

Preference vote passed; the binding funding vote is still open. Vote 1478 — a non-binding preference vote — closed and executed on 22 August with 536.9 million CRV in favour and none against. Vote 1492, which funds the mandate closes on 2 September.

yRisk is an automation-first risk provider led by core contributors to Yearn and Resupply. It will monitor LlamaLend v2’s collateral, oracles, liquidity and market parameters, providing alerts and evidence-based recommendations. Their expertise will help LlamaLend v2 scale safely while remaining attractive for borrowers and lenders.

Complete weekly data

The tables below are the reference layer: every market that moved this week, for readers who want to inspect the full set rather than the highlights above.

Top Stableswap Pools

Pool	Volume	Fees
USDC USDT	$174.3M	$2.1k
DAI USDC USDT	$117.5M	$17.6k
USDT crvUSD	$82.9M	$8.3k
USDC crvUSD	$76.9M	$7.7k
PYUSD USDC	$73.2M	$7.7k
USDG USDC	$66.0M	$6.9k
ETH stETH	$52.6M	$5.3k
USDC RLUSD	$44.2M	$9.5k
ETH stETH	$28.4M	$2.3k
reUSD (Re Protocol) sUSDe	$23.8M	$2.6k

Top Cryptoswap Pools

Pool	Volume	Fees
USDT WBTC WETH	$22.4M	$12.4k
crvUSD WETH CRV	$9.4M	$8.2k
USDC WBTC WETH	$7.6M	$4.5k
crvUSD tBTC wstETH	$4.0M	$6.8k
WETH CVX	$3.6M	$14.5k
crvUSD YB	$2.5M	$8.4k

Gauge Winners & Losers

Chain	Pool / Market	CRV Emissions	Change
	OETH WETH	76.8k	+3.49k
	USDT USDe	4.03k	+1.87k
	CRV sdCRV	15.9k	+1.61k
...	...	...	...
	frxUSD msUSD	36k	-1.71k
	crvUSD sDOLA	24.3k	-1.83k
	msUSD FRAX USDC	5.04k	-3.52k

OETH/WETH took the largest weight gain of the week; the three msUSD pools gave up the most.

DEX Winners & Losers

Fees Winners & Losers

Chain	Pool	Fees	Change
	WETH CVX	$14.5k	+$9.21k
	USDT WBTC WETH	$12.4k	+$8.03k
	DAI USDC USDT	$17.6k	+$7.66k
...	...	...	...
	frxUSD KRWQ	$21.8	-$1.28k
	USDC fxUSD	$1.39k	-$1.71k
	apxUSD USDC	$8.25k	-$6.21k

Volume Winners & Losers

Chain	Pool	Volume	Change
	USDC USDT	$174M	+$143M
	DAI USDC USDT	$117M	+$51M
	USDC crvUSD	$76.9M	+$48.3M
...	...	...	...
	USDC USDat	$10.9M	-$6.71M
	USDnr fxUSD	$723k	-$9.86M
	USDC fxUSD	$13.4M	-$16.7M

TVL Winners & Losers

Chain	Pool	TVL	Change
	USDT crvUSD	$77.2M	+$29.6M
	crvUSD WETH	$68.1M	+$22.8M
	ETH stETH	$102M	+$9.9M
...	...	...	...
	USDC crvUSD	$12.1M	-$2.48M
	USDC RLUSD	$56M	-$4.8M
	crvUSD WETH	$1.08M	-$19.1M

The two crvUSD/WETH lines are different pools: one took in $22.8M, the other gave back $19.1M.

Llamalend Winners & Losers

crvUSD Minting Markets - Borrowing Winners & Losers

Chain	Market	Borrowed	Change
	crvUSD wstETH	$32M	+$22.2M
	crvUSD WBTC	$20.9M	+$5.31M
	crvUSD WETH	$2.43M	+$704k
...	...	...	...
	crvUSD weETH	$230k	+$75k
	crvUSD sfrxETH	$154k	-$41.6
	crvUSD tBTC	$5.5M	-$113k

wstETH alone accounts for most of the week's growth in crvUSD debt.

Lend Markets - Borrowing Winners & Losers

Chain	Market	Borrowed	Change
	crvUSD sUSDe	$4.92M	+$1.83M
	crvUSD sDOLA	$5.74M	+$1.55M
	crvUSD sfrxUSD	$10.7M	+$1.51M
...	...	...	...
	crvUSD WBTC	$3.21M	-$95.1k
	crvUSD sreUSD	$23.7M	-$631k
	crvUSD sfrxUSD	$6.43M	-$1.33M

sfrxUSD sits on both sides again: one market borrowed $1.51M more, another repaid $1.33M.

Lend Markets - Supplying Winners & Losers

Chain	Market	Supplied	Change
	crvUSD sfrxUSD	$13M	+$1.7M
	crvUSD sDOLA	$8.75M	+$919k
	crvUSD sUSDe	$6.62M	+$749k
...	...	...	...
	crvUSD tBTC	$48.8k	-$78.2k
	crvUSD sfrxUSD	$8.11M	-$877k
	crvUSD syrupUSDC	$3.04M	-$932k

Explore Curve

Know someone tracking DeFi yields? Forward them this issue. Subscribe on Curve News to receive next week’s report.

Risk information: pool risks, lending risks and crvUSD risks.