It was a horrible week for all markets, including Crypto and DeFi, but there's exciting news for Curve, here it is:

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.

Note: the frxUSD/USP pool below has locked pre-market incentives, currently valued at well over 100% yield.

Chain

Market

Type

Yield

frxUSDUSP

Pool

>100%*

ynUSDxscrvUSD

Pool

17.7%

sdUSDfrxUSD

Pool

14.8%

evaUSDCavUSD

Pool

12.5%

USDCsavUSD

Pool

12.5%

frxUSDevaUSDT

Pool

10.7%

scrvUSDsDOLA

Pool

9.9%

frxUSDsDOLA

Pool

9.0%

evaUSDTevaUSDC

Pool

8.5%

All yields are calculated assuming a minimum of $100k TVL.

Chain

Market

Asset

Yield

msETHWETH

ETH

7.0%

msETHOETH

ETH

6.7%

WETHpufETH

ETH

5.1%

cbBTCWBTCLBTC

BTC

2.8%

WBTCcbBTChemiBTC

BTC

1.9%

cbBTCtBTCWBTC

BTC

1.6%

All yields are calculated assuming a minimum of $100k TVL.

Chain

Market

Asset

Yield

CRVsdCRV

CRV

10.5%

CRVcvxCRV

CRV

10.3%

EUReWXDAIUSDCUSDT

FOREX

6.1%

crvUSDCJPY

FOREX

5.1%

crvUSDtBTCWETH

TRICRYPTO

4.7%

crvUSDZCHF

FOREX

3.3%

XAUtPAXG

GOLD

0.4%

The market drawdown led borrowers to significantly reduce positions, lowering the minted supply of crvUSD while increasing borrowing rates and scrvUSD yield. The crvUSD price remained firm at $1.00.

Metric

Value

Change

crvUSD Minted

$36.4M

-30.3%

scrvUSD Yield

5.5%

+3.0%

crvUSD in

scrvUSD

60.8%

+22.6%

crvUSD Price

$0.9993

+$0.0009

Avg. Borrow Rate

5.5%

-0.8%

Peg Stability Reserves

$0

-

PegKeeper Profit

$818

-$280

The drawdown in crvUSD supply caused Llamalend metrics to decline. However, with the release of Llamalend V2, new minting and lending markets are expected soon.

Metric

Value

Change

🦙 Llamalend TVL

$127M

-15.8%

🦙 Supplied

$56.9M

-4.1%

🦙 Borrowed

$77.8M

-17.6%

🦙 Collateral

$112M

-16.5%

🦙 Loans

973

-24

Curve's DEX had a huge week, with LPs benefiting from elevated market volatility.

Metric

Value

Change

🔄 TVL

$1.59B

-4.8%

🔄 Volume

$2.35B

+54.7%

🔄 Swaps

836k

+118.5%

🔄 Total Fees

$586k

+64.0%

The DAO had a strong week, with veCRV APR once again moving above the inflation rate.

Metric

Value

Change

CRV Circ. Supply

1.52B

+0.2%

CRV Locked

854M

-0.1%

Total veCRV

787M

-0.1%

veCRV Distribution

$190k

+65.4%

veCRV APR

5.081%

+1.165%

CRV Emissions

$431k (2.22M CRV)

-8.2%

Inflation Rate

4.839%

-0.005%

There were a few changes in pool activity this week. The USDC/USDT Strategic Reserves pool saw the biggest position increase, while the usual core assets remained the most popular overall.

📍

🔄

Chain

Pool

Volume

Fees

1

-

PYUSDUSDS

$384.1M

$4.1k

2

+1

DAIUSDCUSDT

$196.9M

$29.5k

3

+17

USDCUSDT

$189.8M

$2.9k

4

+12

sUSDSUSDT

$148.8M

$2.6k

5

-1

apxUSDUSDC

$117.8M

$21.4k

6

-

USDTcrvUSD

$87.8M

$8.8k

7

+4

USDCUSDT

$79.8M

$40.0k

8

+2

ETHstETH

$76.5M

$7.6k

9

+3

USDCcrvUSD

$70.6M

$7.1k

10

+7

ETHstETH

$52.0M

$4.2k

The top cryptoswap pools were mostly unchanged, although Base's WETH/cbETH pool saw the largest jump in ranking.

📍

🔄

Chain

Pool

Volume

Fees

1

-

USDTWBTCWETH

$33.8M

$18.2k

2

-

USDCWBTCWETH

$28.9M

$15.6k

3

+6

WETHcbETH

$6.2M

$2.3k

4

-1

crvUSDWETHCRV

$5.9M

$4.5k

5

+8

crvUSDtBTCwstETH

$3.2M

$6.8k

6

-2

STGUSDC

$3.1M

$10.8k

The apyUSD/apxUSD pool was the highest DAO revenue generator this week, with $88.7k in total fees.

📍

Chain

Pool

Volume

Fees

Change

1

USDCUSDT

$79.8M

$40k

+$19.7k

2

apyUSDapxUSD

$43.2M

$88.7k

+$12.8k

3

DAIUSDCUSDT

$197M

$29.5k

+$11.3k

...

...

...

...

...

...

-3

PYUSDUSDC

$26.9M

$2.78k

-$5.37k

-2

USDCRLUSD

$45.4M

$9.25k

-$6.92k

-1

USDCUSDtb

$21.1M

$2.14k

-$13k

The USDC/USDT Strategic Reserves pool led the week in added volume, narrowly ahead of several USDS pools.

📍

Chain

Pool

Volume

Fees

Change

1

USDCUSDT

$190M

$2.89k

+$170M

2

PYUSDUSDS

$384M

$4.09k

+$158M

3

sUSDSUSDT

$149M

$2.61k

+$116M

...

...

...

...

...

...

-3

USDCRLUSD

$45.4M

$9.25k

-$34.3M

-2

PYUSDUSDC

$26.9M

$2.78k

-$41.8M

-1

USDCUSDtb

$21.1M

$2.14k

-$125M

The YieldBasis crvUSD/WETH pool led the week in added TVL, supported by its large 31% organic trading yield.

📍

Chain

Pool

TVL

Change

1

crvUSDWETH

$14.8M

+$11.4M

2

USDCUSDat

$20.7M

+$4.09M

3

PYUSDUSDC

$49.8M

+$2.85M

...

...

...

...

...

-3

OETHWETH

$43.1M

-$7.85M

-2

DOLAsUSDe

$45.9M

-$13M

-1

apxUSDUSDC

$4.7M

-$39.4M

There were mostly large outflows this week as borrowers reduced risk, especially in staking and restaking token markets.

📍

Chain

Market

Collateral

Borrowed

Change

1

crvUSDWETH

$3.18M

$2.05M

+$116k

2

crvUSDsfrxETH

$268k

$153k

+$358

3

crvUSDLBTC

$2.63

$1.05

+$0.00371

...

...

...

...

...

...

-3

crvUSDWBTC

$28.4M

$13.8M

-$1.69M

-2

crvUSDwstETH

$21.6M

$14.4M

-$3.71M

-1

crvUSDweETH

$305k

$172k

-$10M

There were no significant changes this week across lending markets, with the biggest relative reduction being $200k in the WBTC market.

📍

Chain

Market

Supplied

Borrowed

Change

1

crvUSDsUSDe

$2.85M

$2.1M

+$46.6k

2

crvUSDsfrxUSD

$17.7M

$12.5M

+$19k

3

crvUSDWETH

$416k

$236k

+$3.5k

...

...

...

...

...

...

-3

crvUSDsfrxETH

$181k

$89.9k

-$102k

-2

crvUSDWBTC

$4.03M

$2.86M

-$216k

-1

crvUSDsreUSD

$24.7M

$18.2M

-$218k

fxSAVE saw the largest outflow relative to its size, while the asdCRV market continued to wind down and is now nearly complete.

📍

Chain

Market

Supplied

Borrowed

Change

1

crvUSDwstETH

$887k

$680k

+$40.1k

2

crvUSDWBTC

$4.03M

$2.86M

+$19.2k

3

crvUSDCRV

$58k

$18.9k

+$17.1k

...

...

...

...

...

...

-3

crvUSDasdCRV

$120k

$11.4k

-$177k

-2

crvUSDfxSAVE

$461k

$306k

-$247k

-1

crvUSDsreUSD

$24.7M

$18.2M

-$1.58M

Explore Yield Oppportunities

Go to DEX markets

Go to Lending Markets

Go to Savings crvUSD

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.