Curve Finance’s Week 43, 2025 metrics update reports that the protocol’s total value locked (TVL) stood at about $2.77 billion, down roughly 2% week-on-week amid broader market turbulence, but with stable operations and multiple high-yield pools still attracting liquidity. The update highlights top-yielding pools—led by the MUSD/sUSDe and MUSD/USDC/USDT pools on Ethereum with annualized yields above 25%—alongside governance activity focused on scaling crvUSD and optimizing emissions. The report shows crvUSD supply largely flat around $90.8 million minted, as users remained cautious on leverage after recent market-wide liquidations, although the stablecoin’s peg held near $0.9998 with peg stability reserves of about $37.8 million. Governance proposals under vote include expanding Resupply’s crvUSD credit line for a new sreUSD market, directing YieldBasis (YB) emissions to serve as voting incentives for crvUSD pools, and tripling PegKeeper allocations to support the growing crvUSD pool size and circulating supply. These changes are intended to strengthen crvUSD liquidity, support its peg, and improve incentives for both borrowers and liquidity providers. Beyond crvUSD, the dashboard flags strong yields across stablecoin and other pools, including over 30% APY on select USD pools and nearly 42% on a CrossCurve CRV/USD strategy, as well as continued “organic” yield in the XAUt/PAXG gold pool and moderate returns on TriCrypto and euro pools. The update also notes that Llamalend TVL dipped slightly as markets normalized post-liquidations and that CRV emissions value declined with the CRV token price, while network-wide DEX volumes and fees reverted from last week’s elevated, volatility-driven levels to more typical ranges.

AI-generated background, compiled from web sources — not editorial content.

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