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Weekly Yields

Curve Best Yields & Key Metrics | Week 36, 2026

Weekly yield and Curve ecosystem metric updates as of the 3rd September, 2026

0xtutti, Nik

• 25 min read
Curve Best Yields & Key Metrics | Week 36, 2026

Curve this week in 60 seconds

  • Top pool APYs: sUSG/reUSD at 23.6%, OUSD/USG at 18.8%, and reUSD/sDOLA at 15.3%.
  • Yield quality: leading rates are mostly incentive-driven. sUSG/reUSD has the largest fee contribution, with 9.2 percentage points coming from trading fees.
  • Lending: the highest listed supply rates are 7.0% for crvUSD/svZCHF and 5.1% for crvUSD/sDOLA.
  • Protocol: crvUSD held its peg at $0.9997 with $72.8 million minted, while PegKeeper reserves fell to $42.2 million.
  • Governance: the yRisk mandate is now funded, and a second vote on YieldBasis BTC pool fees is open.
This week's takeaway: crvUSD minting expanded while PegKeeper reserves declined, but crvUSD remained close to peg at $0.9997. Whether reserves rebuild as minting continues is the stability metric to watch next week.

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.

Top USD yields

Chain Market Type Est. APY
sUSG
reUSD (Re Protocol)
 Pool 23.6%
OUSD
USG
 Pool 18.8%
reUSD (Resupply USD)
sDOLA
 Pool 15.3%
frxUSD
FXB20551231
 Pool 10.6%
reUSD (Resupply USD)
scrvUSD
 Pool 10.2%
evaUSDT
evaUSDC
 Pool 9.7%
USG
sDOLA
 Pool 9.7%
USDC
USG
 Pool 9.4%
reUSD (Resupply USD)
sfrxUSD
 Pool 9.4%
USDT
USDe
 Pool 8.5%

What supports the leading rates: the leading USD pool yields are mostly incentive-driven, so they can fall when rewards change. sUSG/reUSD has the largest fee contribution, with 9.2 percentage points coming from trading fees. Several leading pools also have relatively low TVL, making their returns more sensitive to new deposits and changes in incentives: $0.23 million for OUSD/USG, $1.04 million for sUSG/reUSD and $3.22 million for reUSD/sDOLA, against $11.68 million for reUSD/scrvUSD.

Top LlamaLend supply yields

Chain Market Supply APY
crvUSD
svZCHF
 7.0%
crvUSD
sDOLA
 5.1%
crvUSD
sfrxUSD
 4.8%
crvUSD
sUSDe
 4.8%
USDC
wstETH
 4.7%
USDC
WBTC
 4.5%
crvUSD
WETH
 4.3%
crvUSD
syrupUSDC
 4.3%
crvUSD
fxSAVE
 4.1%
crvUSD
wstETH
 4.0%

Top BTC and ETH yields

Chain Market Asset Est. APY
ETH
ETHx
 ETH 5.1%
frxETH
sfrxETH
 ETH 2.9%
WBTC
cbBTC
hemiBTC
 BTC 2.5%
cbBTC
WBTC
 BTC 2.4%
osETH
rETH
 ETH 2.3%
cbBTC
WBTC
LBTC
 BTC 1.5%

Other top yields

Chain Market Asset Est. APY
CRV
cvxCRV
 CRV 12.1%
CRV
sdCRV
 CRV 10.9%
GHO
cbBTC
WETH
 TRICRYPTO 5.0%
crvUSD
ZCHF
 FOREX 4.7%
crvUSD
CJPY
 FOREX 3.0%
EURe (Monerium EUR)
WXDAI
USDC
USDT
 FOREX 2.7%
XAUt
PAXG
 GOLD 0.1%

Protocol activity and stability

crvUSD remained close to peg at $0.9997. Minting rose 9.8% and LlamaLend borrowing increased 4.8%, while PegKeeper reserves fell by $22.8 million to $42.2 million. DEX TVL, volume, swaps and fees also declined, but these measure activity rather than protocol solvency.

crvUSD & scrvUSD

Metric Value Change
crvUSD Minted
 $72.8M +9.8%
scrvUSD Yield
 0.8% -0.4%
crvUSD inscrvUSD
 21.7% -4.4%
crvUSD Price
 $0.9997 -$0.0001
Avg. Borrow Rate
 1.8% +0.7%
Peg Stability Reserves
 $42.2M -$22.8M
PegKeeper Profit
 $4.59k -$5.13k
Fees
 $19.7k +62.2%

LlamaLend

Metric Value Change
🦙 Llamalend TVL $251M +3.2%
🦙 Supplied $92M +0.1%
🦙 Borrowed $138M +4.8%
🦙 Collateral $223M +3.4%
🦙 Loans 1140 +16
🦙 Fees $1.42k +24.7%

DEX

Metric Value Change
🔄 TVL $1.48B -3.9%
🔄 Volume $790M -28.4%
🔄 Swaps 379k -38.7%
🔄 Total Fees $183k -47.2%

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
 850M -
Total veCRV
 780M -0.1%
veCRV Distribution
 $94.7k -10.0%
veCRV APR
 1.744% -0.467%
CRV Emissions
 $610k (1.86M CRV) -13.3%
Inflation Rate
 4.026% -0.765%

Governance and protocol updates

The yRisk risk mandate is now active and funded

Vote 1492 executed on 2 September, activating and funding yRisk’s one-year risk-assessment mandate for LlamaLend.

Led by contributors to Yearn and Resupply, yRisk will monitor collateral, oracles, liquidity and market parameters, providing alerts and recommendations as conditions change. The mandate is revocable by the DAO.

It is paid as two revocable one-year vesting streams to yrisk.eth — 125,000 frxUSD held as sfrxUSD, and 568,181 CRV — with the sfrxUSD yield returning to the Curve treasury.

YieldBasis BTC fees: one update executed, another open

Vote 1491 executed on 29 August, changing how the swap fee behaves on the yb-cbBTC and yb-tBTC pools: cheaper when the pool is balanced, considerably more expensive when it is not, and reaching that higher level sooner. Vote 1494, submitted on 31 August, is still open; it would replace that behaviour with a single flat fee of 1.30% across the YieldBasis wBTC, cbBTC and tBTC pools, and change how often each pool rebalances.

The swap fee is what a trader pays and what liquidity providers earn. In these pools it is not one number: it sits low while the pool is balanced and rises as the pool drifts, which pays providers more for the trades that unbalance them. After the August change a balanced trade costs less than before and an unbalancing one costs much more. The open vote would drop that mechanism entirely and charge one flat rate whatever the pool state, making the cost of a trade predictable and removing the extra reward for trades that restore balance.

Measured on chain for both pools: the balanced-pool fee went from 1.46% to 1.28%, the out-of-balance fee from 1.70% to 3.28%, and the fee now climbs toward that ceiling roughly twice as quickly. The open vote proposes a flat 1.30%.

A slower price average for two sDOLA pools

Vote 1493 executed on 2 September, lengthening the price-averaging window on the scrvUSD/sDOLA and sDOLA/invUSD pools from about 14 minutes to one hour.

A Curve pool does not price its assets off the last trade alone; it uses a time-weighted average, so a single large trade cannot move the quoted price on its own. A longer window makes that average react more slowly — steadier pricing in a thin market, at the cost of lagging a genuine move for longer.

Measured on chain: ma_exp_time went from 866 seconds to 3,600 on both pools.

Two gauges added, for two different purposes

Vote 1488 executed on 31 August, adding a gauge for the frxUSD/sUSDai pool. Vote 1489 executed on 27 August, adding a veFunder gauge for Vyper.

The frxUSD/sUSDai gauge is the ordinary kind: it lets a pool compete for the weekly CRV emissions that veCRV holders vote on, so depositors there can now earn CRV. The veFunder gauge is not a pool at all — it is the DAO’s funding route, where veCRV holders can direct emissions toward Vyper development instead of toward liquidity.

Reference tables and largest weekly changes

The following tables provide additional market data for readers who want to go beyond this week’s highlights.

Top stableswap pools

ChainPoolVolumeFees
USDC
USDT
$152.5M$1.7k
USDG
USDC
$109.7M$12.3k
DAI
USDC
USDT
$93.7M$14.1k
USDC
USDat
$50.2M$5.3k
USDT
USDe
$38.1M$1.3k
USDT
crvUSD
$34.0M$3.4k
USDC
RLUSD
$30.6M$6.6k
PYUSD
USDC
$29.9M$3.3k
USDC
crvUSD
$20.5M$2.0k
USDC
fxUSD
$17.9M$1.9k

Top cryptoswap pools

ChainPoolVolumeFees
USDT
WBTC
WETH
$12.8M$6.2k
crvUSD
WETH
CRV
$7.3M$4.7k
USDC
WBTC
WETH
$5.3M$2.6k
USDT
WBTC
WETH
$2.9M$11.9k
WETH
CVX
$2.5M$9.4k
EURe (Monerium EUR)
WXDAI
USDC
USDT
$1.9M$642.5

Largest gauge weight changes

ChainPool / MarketCRV EmissionsChange
reUSD (Resupply USD)
scrvUSD
136k+30.6k
CRV
cvxCRV
113k+27.9k
reUSD (Resupply USD)
sDOLA
39.8k+23.8k
............
frxUSD
USG
17k-23.4k
DOLA
sUSDe
138k-25.4k
OETH
WETH
43.4k-33.4k

reUSD/scrvUSD took the largest weight gain of the week. OETH/WETH, which took the largest gain last week, gave up the most this week.

DEX markets

Largest fee changes

ChainPoolFeesChange
USDG
USDC
$12.3k+$5.43k
USDC
USDat
$5.28k+$4.18k
WETH
T
$3.36k+$3.02k
............
WETH
CVX
$9.35k-$5.19k
USDC
crvUSD
$2.05k-$5.64k
USDT
WBTC
WETH
$6.19k-$6.17k

Largest volume changes

ChainPoolVolumeChange
USDG
USDC
$110M+$43.7M
USDC
USDat
$50.2M+$39.3M
USDT
USDe
$38.1M+$20.3M
............
ETH
stETH
$7.46M-$45.2M
USDT
crvUSD
$34M-$48.8M
USDC
crvUSD
$20.5M-$56.4M

Largest TVL changes

ChainPoolTVLChange
USDC
RLUSD
$65.7M+$9.71M
USDC
crvUSD
$13.7M+$1.58M
frxUSD
crvUSD
$14.8M+$1.42M
............
crvUSD
WETH
$59.7M-$8.42M
USDG
USDC
$20M-$10.5M
USDT
crvUSD
$54.3M-$22.8M

LlamaLend markets

Largest changes in crvUSD borrowing

ChainMarketBorrowedChange
crvUSD
WBTC
$24.5M+$3.61M
crvUSD
cbBTC
$5.15M+$1.51M
crvUSD
wstETH
$33.1M+$1.08M
............
crvUSD
tBTC
$5.52M+$24.1k
crvUSD
weETH
$230k+$281
crvUSD
sfrxETH
$154k+$6.06

The week’s growth in crvUSD debt came mostly from BTC collateral: WBTC added $3.61 million and cbBTC $1.51 million, against $1.08 million for wstETH.

Largest changes in LlamaLend borrowing

ChainMarketBorrowedChange
crvUSD
sfrxUSD
$11.7M+$998k
crvUSD
sDOLA
$6.18M+$434k
crvUSD
sUSDe
$5.34M+$421k
............
WETH
wstETH
$206k-$319k
crvUSD
WBTC
$2.85M-$366k
crvUSD
sfrxUSD
$5.49M-$938k

crvUSD/sfrxUSD appears on both sides because these are two separate markets with the same collateral: the LlamaLend v2 market (controller 0x3cD4…1bbe, $11.7 million borrowed) took on $998k more debt, while the older v1 market (controller 0x3DE3…BF50, $5.49 million borrowed) was paid down by $938k.

Largest changes in LlamaLend supply

ChainMarketSuppliedChange
crvUSD
sfrxUSD
$14.4M+$1.35M
crvUSD
sDOLA
$9.51M+$763k
crvUSD
sUSDe
$7.29M+$679k
............
crvUSD
WBTC
$3.67M-$390k
crvUSD
sreUSD
$35.6M-$800k
crvUSD
sfrxUSD
$7.24M-$871k

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

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