Aug 20, 2026 4:55 PM
Updated Aug 21, 2026 9:18 AM
This article was originally published by Nik on Curve News.
Curve Best Yields & Key Metrics | Week 34, 2026Weekly yield and Curve ecosystem metric updates as of the 20th August, 2026
Top Yields: 1st. sUSG/reUSD Pool on Ethereum with 21.8% Yield, 2nd. frxUSD/USG Pool on Ethereum with 17.8% Yield, 3rd. sdUSD/frxUSD Pool on Ethereum with 13.8% Yield
Market Overview
- The seven preference votes on risk-provider candidates closed on the 17th of August. Only Manifold ended with more CRV in favour than against, 329.6M to 303.8M; the other six were voted down
- First full week at the new CRV emission rate: 1.86M CRV issued against 2.22M at the old rate, annual inflation 4.032%
- Llamalend TVL up 11.0% to $182M, supply up 15.8% to $89.2M, borrowing up 1.3% to $99M
- crvUSD minting down 5.5% to $37.7M; PegKeeper reserves up $4.74M to $38.5M
- Vote 1487, which would kill emissions on five pools, is open until the 23rd of August
Top Yields
Top USD Yields
| Chain | Market | Type | Yield |
|---|---|---|---|
 |  sUSG  reUSD | Pool | 21.8% |
|  frxUSD  USG | Pool | 17.8% |
|  sdUSD frxUSD | Pool | 13.8% |
|  USDC USG | Pool | 13.1% |
|  BOLD  avUSD | Pool | 9.3% |
| frxUSD  DUSD | Pool | 9.3% |
| frxUSD avUSD | Pool | 8.9% |
| USG  sDOLA | Pool | 8.7% |
|  scrvUSD sDOLA | Pool | 7.0% |
| frxUSD  USD3 | Pool | 6.9% |
Most of the rates at the top of this table are gauge emissions rather than trading: sUSG/reUSD earns 0.09% in base fees against a 15.8% gauge, frxUSD/USG 0.00% against 18.9%, on pools of $0.6M to $1.8M.
Top BTC & ETH Yields
| Chain | Market | Asset | Yield |
|---|---|---|---|
|  ETH  ETHx | ETH | 11.1% |
 |  alETH  WETH | ETH | 3.5% |
|  ynETHx  WETH | ETH | 3.1% |
|  WBTC  cbBTC  hemiBTC | BTC | 2.4% |
| cbBTC WBTC | BTC | 2.0% |
 |  cbBTC  WBTC  LBTC | BTC | 1.5% |
Other Top Yields
| Chain | Market | Asset | Yield |
|---|---|---|---|
|  CRV  sdCRV | CRV | 9.3% |
| CRV  cvxCRV | CRV | 8.0% |
|  GHO cbBTC WETH | TRICRYPTO | 4.4% |
|  crvUSD  ZCHF | FOREX | 3.8% |
| crvUSD  CJPY | FOREX | 3.1% |
| USDC  sUSDat | FOREX | 2.5% |
|  XAUt  PAXG | GOLD | 0.2% |
Top Llamalend Supply Yields
| Chain | Market | Supply Rate |
|---|---|---|
| crvUSD  svZCHF | 6.1% |
|  crvUSD WETH | 5.6% |
| crvUSD WBTC | 4.8% |
 |  USDC  wstETH | 4.3% |
| crvUSD  sfrxUSD | 4.3% |
| crvUSD sDOLA | 4.0% |
| crvUSD WETH | 3.9% |
| crvUSD sfrxUSD | 3.7% |
| USDC  WBTC | 3.7% |
| crvUSD  wstETH | 3.3% |
Weekly Metrics
crvUSD & scrvUSD
| Metric | Value | Change |
|---|---|---|
| crvUSD Minted | $37.7M | -5.5% |
 scrvUSD Yield | 1.4% | -0.1% |
| crvUSD in scrvUSD | 44.4% | +1.3% |
| crvUSD Price | $0.9998 | +$0.0007 |
| Avg. Borrow Rate | 2.1% | -0.1% |
| Peg Stability Reserves | $38.5M | +$4.74M |
| PegKeeper Profit | $748 | +$228 |
| Fees | $15.5k | +4.1% |
Llamalend
| Metric | Value | Change |
|---|---|---|
| 🦙 Llamalend TVL | $182M | +11.0% |
| 🦙 Supplied | $89.2M | +15.8% |
| 🦙 Borrowed | $99M | +1.3% |
| 🦙 Collateral | $154M | +6.5% |
| 🦙 Loans | 1112 | +18 |
| 🦙 Fees | $869 | +85.1% |
Supply has now grown faster than debt for a second week running.
DEX
| Metric | Value | Change |
|---|---|---|
| 🔄 TVL | $1.47B | +3.1% |
| 🔄 Volume | $567M | +3.8% |
| 🔄 Swaps | 433k | -16.4% |
| 🔄 Total Fees | $260k | +1.4% |
Volume rose on 16.4% fewer swaps, so the average trade was larger than last week.
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 | 778M | -0.4% |
| veCRV Distribution | $146k | +251.8% |
| veCRV APR | 3.709% | +2.622% |
| CRV Emissions | $459k (1.86M CRV) | -13.2% |
| Inflation Rate | 4.032% | -0.767% |
The emission step is written into the token contract and repeats every 365 days.
Top Stableswap Pools
| 📍 | 🔄 | Chain | Pool | Volume | Fees |
|---|---|---|---|---|---|
| 1 | - | |  DAI USDC  USDT | $66.4M | $10.0k |
| 2 | +5 | | USDT crvUSD | $44.0M | $4.4k |
| 3 | -1 | |  USDG USDC | $34.3M | $3.6k |
| 4 | +4 | | USDC USDT | $30.9M | $590.5 |
| 5 | +11 | | USDC  fxUSD | $30.2M | $3.1k |
| 6 | +9 | | USDC crvUSD | $28.7M | $2.9k |
| 7 | -1 | |  PYUSD USDC | $26.5M | $2.7k |
| 8 | -4 | | USDC  RLUSD | $23.3M | $4.7k |
| 9 | -6 | | WETH  weETH | $18.9M | $1.0k |
| 10 | -5 | | USDC  USDat | $17.6M | $1.8k |
Top Cryptoswap Pools
| 📍 | 🔄 | Chain | Pool | Volume | Fees |
|---|---|---|---|---|---|
| 1 | +1 | | USDT WBTC WETH | $6.0M | $4.3k |
| 2 | -1 | | USDC WBTC WETH | $5.1M | $2.6k |
| 3 | - | | crvUSD WETH CRV | $4.3M | $2.8k |
| 4 | +1 | | WETH  CVX | $1.4M | $5.3k |
| 5 | -1 |  |  EURe  WXDAI  USDC  USDT | $1.1M | $367.1 |
| 6 | - | | crvUSD  tBTC wstETH | $939.7k | $2.5k |
crvUSD/WETH/CRV sits third by volume but earns more in fees than the pool above it.
Gauge Winners & Losers
| 📍 | Chain | Pool / Market | TVL | CRV Emissions | Change |
|---|---|---|---|---|---|
| 1 | | frxUSD USG | $1.78M | 40.4k | +31.5k |
| 2 | | USDC USG | $1.42M | 25.8k | +14.1k |
| 3 | | frxUSD crvUSD | $13M | 66.2k | +12.4k |
| ... | ... | ... | ... | ... | ... |
| -3 | | crvUSD  sUSDe | $3.42M | 16k | -15.4k |
| -2 | | frxUSD  msUSD | $6.36M | 37.7k | -19.6k |
| -1 | |  OETH WETH | $55.4M | 73.3k | -28.1k |
frxUSD/USG and USDC/USG took the largest weight gains on pools of $1.78M and $1.42M, which is why both sit at the top of the USD yield table.
DEX Winners & Losers
Fees Winners & Losers
| 📍 | Chain | Pool | Volume | Fees | Change |
|---|---|---|---|---|---|
| 1 | | WETH USDC | $8.29M | $16.6k | +$14.6k |
| 2 | |  apxUSD USDC | $3.82M | $14.5k | +$3.79k |
| 3 | |  apyUSD apxUSD | $2.41M | $4.82k | +$3.18k |
| ... | ... | ... | ... | ... | ... |
| -3 | | crvUSD  YB | $582k | $1.96k | -$1.54k |
| -2 | | frxUSD msUSD | $180k | $273 | -$1.94k |
| -1 | | WETH CVX | $1.43M | $5.33k | -$3.04k |
Volume Winners & Losers
| 📍 | Chain | Pool | Volume | Fees | Change |
|---|---|---|---|---|---|
| 1 | | USDT crvUSD | $44M | $4.4k | +$24.3M |
| 2 | | USDC fxUSD | $30.2M | $3.11k | +$19.4M |
| 3 | | USDC crvUSD | $28.7M | $2.87k | +$17.2M |
| ... | ... | ... | ... | ... | ... |
| -3 | | WBTC tBTC | $3.3M | $330 | -$10.2M |
| -2 | | USDC sUSDat | $206k | $1.03k | -$12.9M |
| -1 | | USDG USDC | $34.3M | $3.59k | -$13.4M |
TVL Winners & Losers
| 📍 | Chain | Pool | TVL | Change |
|---|---|---|---|---|
| 1 | | crvUSD WETH | $45.3M | +$16.1M |
| 2 | | ETH  stETH | $91.9M | +$15.1M |
| 3 | | OETH WETH | $55.4M | +$8.76M |
| ... | ... | ... | ... | ... |
| -3 | | USDC WBTC WETH | $4.3M | -$3.31M |
| -2 | | USDC RLUSD | $60.8M | -$16.2M |
| -1 | | crvUSD WETH | $20.2M | -$24.2M |
The two crvUSD/WETH lines are different pools, one taking in $16.1M and the other giving back $24.2M.
Llamalend Winners & Losers
crvUSD Minting Markets - Borrowing Winners & Losers
| 📍 | Chain | Market | Collateral | Borrowed | Change |
|---|---|---|---|---|---|
| 1 | | crvUSD tBTC | $9.22M | $5.61M | +$995k |
| 2 | | crvUSD WBTC | $33.2M | $15.6M | +$362k |
| 3 | | crvUSD  sfrxETH | $2.86M | $1.31M | +$3.31k |
| ... | ... | ... | ... | ... | ... |
| -3 | | crvUSD WETH | $4.04M | $1.72M | -$37.8k |
| -2 | | crvUSD wstETH | $24.8M | $9.78M | -$1.33M |
| -1 | | crvUSD cbBTC | $5.4M | $3.34M | -$2.15M |
Lend Markets - Borrowing Winners & Losers
| 📍 | Chain | Market | Supplied | Borrowed | Change |
|---|---|---|---|---|---|
| 1 | | crvUSD sfrxUSD | $11.3M | $9.17M | +$1.67M |
| 2 | | crvUSD sDOLA | $7.83M | $4.19M | +$1.6M |
| 3 | | crvUSD sUSDe | $5.87M | $3.09M | +$866k |
| ... | ... | ... | ... | ... | ... |
| -3 | | crvUSD  WBTC | $182k | $112k | -$25k |
| -2 | | USDC WBTC | $332k | $271k | -$31.7k |
| -1 | | crvUSD sfrxUSD | $8.99M | $7.76M | -$1.27M |
sfrxUSD heads both sides: the V2 market opened in July borrowed more, the original from February 2025 repaid.
Lend Markets - Supplying Winners & Losers
| 📍 | Chain | Market | Supplied | Borrowed | Change |
|---|---|---|---|---|---|
| 1 | | crvUSD  sreUSD | $36.1M | $24.3M | +$10.7M |
| 2 | | crvUSD sDOLA | $7.83M | $4.19M | +$2.23M |
| 3 | | crvUSD sfrxUSD | $11.3M | $9.17M | +$1.69M |
| ... | ... | ... | ... | ... | ... |
| -3 | | crvUSD wstETH | $2.59M | $1.82M | -$155k |
| -2 | | crvUSD sUSDe | $5.87M | $3.09M | -$582k |
| -1 | | crvUSD sfrxUSD | $8.99M | $7.76M | -$2.68M |
Explore Yield Oppportunities
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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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