Curve Ecosystem Update: Top Yields and Key Metrics for Late August 2026

• Curve’s Week 35 weekly snapshot shows sUSG/reUSD leading estimated USD yields at 23.7%, with most top rates still driven primarily by incentives.
• Llamalend supply yields topped out at 6.7%, while protocol activity strengthened as DEX volume rose 91.2% to $1.1 billion and TVL reached $1.54 billion.
• crvUSD remained near peg at $0.9998 as PegKeeper reserves hit $65 million, while Curve expanded sreUSD borrowing capacity and selected yRisk for risk oversight.

Curve’s latest Week 35 snapshot shows several eye-catching yields across its decentralized finance ecosystem, but the composition of those returns matters as much as the headline percentages. The sUSG/reUSD pool leads estimated USD yields at 23.7%, followed by MUSD/$USDC/USDT at 22.8% and OUSD/USG at 17.6%. The key distinction is that most leading USD rates remain heavily incentive-driven rather than fee-supported. For sUSG/reUSD, however, 8.98 percentage points of its 23.66% rate come from fees, making it the strongest disclosed fee component among the highlighted pools. Highlighted pool sizes range from $0.65 million to $2.38 million.

Yield leaders arrive alongside stronger protocol activity

Lending yields are more restrained. The highest listed Llamalend supply rates are 6.7% for $USDC/WBTC on Optimism and crvUSD/svZCHF on Ethereum. $ETH/ETHx leads $ETH opportunities at 7.7%, while the top BTC pool, WBTC/cbBTC/hemiBTC, offers 2.7%. The yield landscape therefore separates sharply between incentive-rich stablecoin pools and lower-return lending or major-asset markets. Curve models these annualized estimates using a $100,000 deposit after pool dilution, incorporating base fees, unboosted $CRV and active Merkl rewards where applicable, while emphasizing that rates remain variable and are not guaranteed. The figures capture overall conditions specifically on August 27, 2026.

Curve’s protocol metrics also strengthened during the week. crvUSD stayed close to its target at $0.9998 as PegKeeper reserves climbed to $65 million, up $26.5 million. Llamalend TVL rose 33.4% to $243 million, borrowed value increased 32.6% to $131 million and collateral grew 40.2% to $215 million. The strongest activity signal came from Curve’s DEX, where weekly volume jumped 91.2% to $1.1 billion. DEX TVL reached $1.54 billion, swaps rose 25.7% to 618,000 and total pool fees increased 24% to $347,000 during the snapshot period. Average trade size also rose as volume outpaced swap growth.

Governance changes are advancing alongside those market metrics. Curve DAO raised the crvUSD credit line for the sreUSD LlamaLend market from $15 million to $30 million, while yRisk was selected as risk assessor through a preference vote that received 536.9 million $CRV in favor and none against. The broader update shows Curve balancing higher activity and attractive yields with expanded risk oversight and borrowing capacity. A binding vote to fund yRisk’s mandate remains open until September 2, with the provider expected to monitor LlamaLend v2 collateral, oracles, liquidity and market parameters while issuing alerts and evidence-based recommendations.