Curve Best Yields & Key Metrics | Week 32, 2026

Weekly yield and Curve ecosystem metric updates as of the 6th August, 2026

Top Yields: 1st. reUSD/sDOLA Pool on Ethereum with 30.0% Yield, 2nd. VUSD/crvUSD Pool on Ethereum with 25.5% Yield, 3rd. sUSG/reUSD Pool on Ethereum with 19.8% Yield

Market Overview

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

• DEX TVL eased 0.5% to $1.44B while Llamalend TVL rose 4.9% to $146M
• DEX volume rose 18.8% to $704M while the swap count fell 39.4% to 321k — the growth is concentrated in a single pool, USDC/sUSDat, which turned over 629x its own TVL; strip it out and volume was roughly flat week on week. Fees came in at $215k (-12.1%)
• crvUSD minting grew 3.4% to $37.8M, the average borrow rate held at 2.1% and PegKeeper reserves stayed at $33.8M
• Llamalend borrowing rose 7.4% to $86.3M and supply 8.3% to $62.8M, the fastest-growing leg of the protocol this week, with collateral up 5.4% to $131M
• The syrupUSDC Llamalend V2 market, whose activation vote we covered last week, is now live and has drawn in $1.81M worth of supply

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

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
	reUSD sDOLA	Pool	30.0%
	VUSD crvUSD	Pool	25.5%
	sUSG reUSD	Pool	19.8%
	USD3 scrvUSD	Pool	15.6%
	frxUSD sGho	Pool	14.5%
	frxUSD USD3	Pool	13.8%
	sdUSD frxUSD	Pool	12.4%
	USD3 sUSDS	Pool	11.9%
	frxUSD sUSDe	Pool	10.6%
	USDp frxUSD	Pool	10.6%

Top BTC & ETH Yields

Chain	Market	Asset	Yield
	alETH WETH	ETH	4.7%
	WBTC cbBTC hemiBTC	BTC	3.2%
	ETH+ WETH	ETH	3.1%
	ynETHx WETH	ETH	3.1%
	cbBTC WBTC LBTC	BTC	2.2%
	cbBTC WBTC	BTC	1.3%

Other Top Yields

Chain	Market	Asset	Yield
	CRV sdCRV	CRV	12.2%
	CRV yCRV	CRV	8.0%
	crvUSD CJPY	FOREX	4.7%
	GHO cbBTC WETH	TRICRYPTO	4.4%
	crvUSD ZCHF	FOREX	3.3%
	EURe WXDAI USDC USDT	FOREX	2.2%
	XAUt PAXG	GOLD	0.2%

Top Llamalend Supply Yields

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 above 95% utilization are excluded: their advertised rate collapses on the first deposit.

Chain	Market	Supply Rate
	crvUSD sfrxUSD	9.7%
	crvUSD syrupUSDC	9.1%
	crvUSD sDOLA	9.0%
	crvUSD wstETH	8.2%
	crvUSD sUSDe	6.5%
	USDC wstETH	4.8%
	crvUSD WBTC	4.7%
	USDC WBTC	4.3%
	crvUSD WETH	4.1%
	crvUSD WETH	4.1%

Weekly Metrics

crvUSD & scrvUSD

crvUSD minting grew 3.4% to $37.8M while the average borrow rate held at 2.1% and PegKeepers kept $33.8M in reserves, adding $76 of profit on the week. The scrvUSD savings yield ticked up to 1.4%, though the share of minted crvUSD sitting in savings fell 4.4 points to 48.0% as new minting outpaced deposits. crvUSD trades at $0.9993.

Metric	Value	Change
crvUSD Minted	$37.8M	+3.4%
scrvUSD Yield	1.4%	+0.4%
crvUSD inscrvUSD	48.0%	-4.4%
crvUSD Price	$0.9993	-
Avg. Borrow Rate	2.1%	-
Peg Stability Reserves	$33.8M	-
PegKeeper Profit	$1.08k	+$76.3
Weekly Fees	$14.5k	+6.4%

Llamalend

Llamalend TVL rose 4.9% to $146M, with both sides growing: debt up 7.4% to $86.3M against collateral up 5.4% to $131M, and supply up 8.3% to $62.8M. The loan count stands at 1,070.

DEX

DEX volume rose 18.8% to $704M, but the swap count fell 39.4% to 321k — fewer and far larger trades. Both moves come from the same place: USDC/sUSDat alone added $97.8M of volume and took the top stableswap spot, turning over 629x its $207k of TVL, with two addresses accounting for 78% of its flow. Excluding that pool, volume was roughly flat on the week. Fees followed the swap count rather than the notional, down 12.1% to $215k, and TVL eased 0.5% to $1.44B.

DAO

veCRV distribution rose 4.6% to $71.5k, lifting the veCRV APR to 2.256% (+0.072pp). CRV locked holds at 851M with 783M veCRV outstanding, and weekly emissions were $456k (2.22M CRV), down 0.8%. The inflation rate sits at 4.803%.

Metric	Value	Change
CRV Circ. Supply	1.55B	+0.2%
CRV Locked	851M	-
Total veCRV	783M	-0.2%
veCRV Distribution	$71.5k	+4.6%
veCRV APR	2.256%	+0.072%
CRV Emissions	$456k (2.22M CRV)	-0.8%
Inflation Rate	4.803%	-0.005%

Top Stableswap Pools

USDC/sUSDat jumped three places to #1 on $129.8M — see the DEX note above on how that volume is distributed. DAI/USDC/USDT slipped to #2 on $83.9M and PYUSD/USDC to #3 on $40.9M after giving back $21.8M of volume. The genuine movers were further down: WETH/weETH climbed nine places to #6 and ETH/stETH seven places to #7, both on renewed LST flow.

📍	🔄	Chain	Pool	Volume	Fees
1	+3		USDC sUSDat	$129.8M	$16.5k
2	-1		DAI USDC USDT	$83.9M	$12.6k
3	-1		PYUSD USDC	$40.9M	$4.2k
4	+4		USDC USDT	$32.6M	$694.1
5	-2		USDG USDC	$31.0M	$3.1k
6	+9		WETH weETH	$30.0M	$1.7k
7	+7		ETH stETH	$27.7M	$2.8k
8	-3		USDT crvUSD	$25.2M	$2.5k
9	-3		USDC USDat	$21.9M	$2.2k
10	+3		USDC RLUSD	$20.4M	$4.1k

Top Cryptoswap Pools

The two TriCrypto pools swapped places at the top, with USDT/WBTC/WETH taking #1 on $7.5M ahead of USDC/WBTC/WETH on $6.9M. EURe/WXDAI/USDC/USDT held #3 on $4.3M. Volumes shown are weekly totals.

📍	🔄	Chain	Pool	Volume	Fees
1	+1		USDT WBTC WETH	$7.5M	$3.5k
2	-1		USDC WBTC WETH	$6.9M	$3.2k
3	-		EURe WXDAI USDC USDT	$4.3M	$1.5k
4	-		crvUSD WETH CRV	$3.0M	$1.6k
5	+2		crvUSD tBTC wstETH	$1.3M	$1.7k
6	-1		WETH CVX	$937.7k	$3.4k

Gauge Winners & Losers

reUSD/scrvUSD took by far the largest gauge weight gain (+90.5k), followed by crvUSD/sfrxUSD (+43.9k) and crvUSD/sUSDe (+37.3k). On the other side, frxUSD/msUSD shed the most (-164k) with msETH/WETH (-85.2k) behind it — both msUSD and msETH pools continue to unwind.

📍	Chain	Pool / Market	TVL	CRV Emissions	Change
1		reUSD scrvUSD	$7.74M	139k	+90.5k
2		crvUSD sfrxUSD	$2.81M	45.9k	+43.9k
3		crvUSD sUSDe	$1.88M	37.3k	+37.3k
...	...	...	...	...	...
-3		USDT crvUSD	$47.4M	50.9k	-31.3k
-2		msETH WETH	$11.2M	41.7k	-85.2k
-1		frxUSD msUSD	$6.91M	65.4k	-164k

DEX Winners & Losers

Fees Winners & Losers

USDC/sUSDat added the most fees (+$12.2k), with frxUSD/msUSD (+$9.42k) and apyUSD/apxUSD (+$1.97k) next. WETH/USDC gave back the most (-$18.8k), followed by PYUSD/USDC (-$2.41k).

📍	Chain	Pool	Volume	Fees	Change
1		USDC sUSDat	$130M	$16.5k	+$12.2k
2		frxUSD msUSD	$12.2M	$11.8k	+$9.42k
3		apyUSD apxUSD	$1.87M	$3.74k	+$1.97k
...	...	...	...	...	...
-3		PYUSD USDC	$40.9M	$4.21k	-$2.41k
-2		WETH USDC	$36.8k	$38.3	-$2.85k
-1		WETH USDC	$4.55M	$9.06k	-$18.8k

Volume Winners & Losers

USDC/sUSDat added $97.8M of volume, more than the rest of the top gainers combined; WETH/weETH (+$19.6M) and ETH/stETH (+$17.1M) follow. PYUSD/USDC saw the largest outflow (-$21.8M), with WETH/USDC (-$9.4M) next.

📍	Chain	Pool	Volume	Fees	Change
1		USDC sUSDat	$130M	$16.5k	+$97.8M
2		WETH weETH	$30M	$1.65k	+$19.6M
3		ETH stETH	$27.7M	$2.77k	+$17.1M
...	...	...	...	...	...
-3		USDC USDat	$21.9M	$2.24k	-$4.8M
-2		WETH USDC	$4.55M	$9.06k	-$9.4M
-1		PYUSD USDC	$40.9M	$4.21k	-$21.8M

TVL Winners & Losers

USDG/USDC drew the biggest TVL inflow (+$9.97M), just ahead of USDC/RLUSD (+$9.88M); crvUSD/WBTC added $2.9M. LUAUSD/USDC.e/USD₮0 saw the largest exit (-$13.7M) after last week's seeding, with msETH/WETH (-$7.48M) and frxUSD/msUSD (-$6.73M) behind it.

📍	Chain	Pool	TVL	Change
1		USDG USDC	$30.5M	+$9.97M
2		USDC RLUSD	$76.5M	+$9.88M
3		crvUSD WBTC	$48.4M	+$2.9M
...	...	...	...	...
-3		frxUSD msUSD	$6.91M	-$6.73M
-2		msETH WETH	$11.2M	-$7.48M
-1		LUAUSD USDC.e USD₮0	$3.37M	-$13.7M

Llamalend Winners & Losers

crvUSD Minting Markets - Borrowing Winners & Losers

cbBTC led crvUSD borrow growth (+$2.17M) with tBTC close behind (+$1.33M); wstETH added a further $155k. WBTC was the only meaningful repayment (-$2.45M).

📍	Chain	Market	Collateral	Borrowed	Change
1		crvUSD cbBTC	$7.68M	$4.51M	+$2.17M
2		crvUSD tBTC	$7.01M	$4.47M	+$1.33M
3		crvUSD wstETH	$22.6M	$10.6M	+$155k
...	...	...	...	...	...
-3		crvUSD sfrxETH	$309k	$154k	+$1.56
-2		crvUSD LBTC	$2.7	$1.07	+$0.00259
-1		crvUSD WBTC	$30.1M	$14.9M	-$2.45M

Lend Markets - Borrowing Winners & Losers

sfrxUSD led new Llamalend borrowing (+$2.28M), with sDOLA (+$927k) and sreUSD (+$908k) behind it. sUSDe saw the largest repayment (-$65.2k).

📍	Chain	Market	Supplied	Borrowed	Change
1		crvUSD sfrxUSD	$3.29M	$2.55M	+$2.28M
2		crvUSD sDOLA	$2.63M	$1.52M	+$927k
3		crvUSD sreUSD	$22.1M	$19.1M	+$908k
...	...	...	...	...	...
-3		crvUSD WETH	$932k	$416k	-$1.44k
-2		crvUSD WETH	$233k	$166k	-$4.34k
-1		crvUSD sUSDe	$3.24M	$1.65M	-$65.2k

Lend Markets - Supplying Winners & Losers

sfrxUSD drew the most fresh supply (+$2.89M), followed by sDOLA (+$2M) and the newly activated syrupUSDC market (+$1.81M from a standing start). sreUSD gave back the most (-$1.75M), with fxSAVE (-$930k) next.

📍	Chain	Market	Supplied	Borrowed	Change
1		crvUSD sfrxUSD	$3.29M	$2.55M	+$2.89M
2		crvUSD sDOLA	$2.63M	$1.52M	+$2M
3		crvUSD syrupUSDC	$1.81M	$446k	+$1.81M
...	...	...	...	...	...
-3		crvUSD sfrxUSD	$16.2M	$12.8M	-$273k
-2		crvUSD fxSAVE	$311k	$311k	-$930k
-1		crvUSD sreUSD	$22.1M	$19.1M	-$1.75M

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.