Aug 27, 2026 1:37 PM
Updated Aug 28, 2026 9:18 AM
Weekly yield and Curve ecosystem metric updates as of the 27th August, 2026
This article was originally published by Nik on Curve News.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
Curve Best Yields & Key Metrics | Week 35, 2026Rates 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
| Chain | 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
| Chain | 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
| Chain | 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 in scrvUSD | 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
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
| Chain | 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
| Chain | 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 |
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Risk information: pool risks, lending risks and crvUSD risks.
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sUSG
reUSD (Re Protocol)
MUSD
USDC
USDT
OUSD
USG
frxUSD
evaUSDC
evaUSDT
BOLD
LUSD
sDOLA
sUSDat
USDC
WBTC
crvUSD
svZCHF
wstETH
sfrxUSD
sUSDe
WBTC
syrupUSDC
crvUSD
WBTC
WETH
ETH
ETHx
alETH
WETH
pufETH
wstETH
cbBTC
hemiBTC
cbBTC
WBTC
LBTC
CRV
sdCRV
crvUSD
OP
CRV
GHO
ZCHF
CJPY
XAUt
PAXG
scrvUSD Yield
Total veCRV
DAI
PYUSD
USDG
stETH
RLUSD
tBTC
CVX
YB
OETH
USDe
msUSD
FRAX
KRWQ
fxUSD
apxUSD
USDat
USDnr
weETH
sfrxETH
sreUSD