Aug 6, 2026 8:37 PM
Updated Aug 7, 2026 9:18 AM
This article was originally published by Nik on Curve News.
Curve Best Yields & Key Metrics | Week 32, 2026Weekly 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
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 in scrvUSD | 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.
| Metric | Value | Change |
|---|---|---|
| 🦙 Llamalend TVL | $146M | +4.9% |
| 🦙 Supplied | $62.8M | +8.3% |
| 🦙 Borrowed | $86.3M | +7.4% |
| 🦙 Collateral | $131M | +5.4% |
| 🦙 Loans | 1070 | +37 |
| 🦙 Llamalend V2 admin fees | none accrued | - |
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.
| Metric | Value | Change |
|---|---|---|
| 🔄 TVL | $1.44B | -0.5% |
| 🔄 Volume | $704M | +18.8% |
| 🔄 Swaps | 321k | -39.4% |
| 🔄 Total Fees | $215k | -12.1% |
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 |
Explore Yield Oppportunities
Go to DEX markets
Go to Lending Markets
Go to Savings crvUSD
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.
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