curve finance02
$crv
MCAP348.47M
-4.93%

what's curve finance?

Curve Finance is a decentralized exchange (DEX) protocol designed primarily for efficient trading of stablecoins and other low-volatility assets. It operates on an automated market maker (AMM) model optimized for minimal slippage and low fees, using a specialized bonding curve mechanism that concentrates liquidity around price pegs. This makes it particularly suitable for swapping between assets like USDC, USDT, and DAI, while also supporting wrapped assets and synthetic tokens across multiple blockchain networks. The protocol's governance is facilitated through the CRV token, which holders can lock into veCRV to participate in voting on pool parameters, fee distributions, and protocol upgrades. Liquidity providers earn trading fees boosted by incentives from CRV emissions, encouraging deep liquidity in stable pools. Curve has expanded beyond Ethereum to include layer-2 solutions and other chains, enhancing scalability and interoperability. In addition to swaps, Curve has developed lending markets and a native stablecoin called crvUSD, which uses overcollateralized loans and liquidation mechanisms to maintain stability. The ecosystem emphasizes capital efficiency and yield optimization for DeFi users, integrating with other protocols for composability.

Snapshot

Curve Finance's crvUSD Optimizer reached 100% utilization ($571M TVL), with user growth and integrations.

contract

ethereum

optimistic-ethereum

fantom

energi

sora

base

polygon-pos

arbitrum-one

1H ago
ONCHAIN METRICS

Reached 4.2 million monthly website visits in February 2026.

1D ago
TOKEN ECONOMICS

Smoothing borrow rates for crvUSD.

2D ago
VISIBILITY EVENT

Participates in a conversation about decentralized stablecoins with Ethereum Foundation, Liquity, and Protocol FX on 2026-02-27 at 5pm UTC.

3D ago
ONCHAIN METRICS

Integrated RAAC's pmUSD gold-backed stablecoin, reaching $30M TVL within two months.

4D ago
ONCHAIN METRICS

TVL rising steadily as of February 2026.

VISIBILITY EVENT

Released Week 8 yield report in February 2026.

VISIBILITY EVENT

Posted "DAO on Trial" deep dive in February 2026.

ONCHAIN METRICS

Reached over $2 million TVL in the Term Meta Vault USDC/frxUSD pool.

5D ago
FINANCIAL EVENT

Received repayment of 803,000 CRV and $179,000 scrvUSD from CurveMonitor to the Curve Grant Council after the grantee stopped drawing funds midway through the grant period.

FINANCIAL EVENT

Received a returned grant of 803 million CRV and $179,000 scrvUSD from CurveMonitor to the Curve Grant Council after the grantee ceased drawing funds midway through the grant period.

1W ago
RISK ALERT

Concerns raised about crvUSD peg stability in connection with a proposal to sunset crvUSD-LP FiRM markets.

MARKET ACTIVITY

Added Pool Booster incentives to the msUSD/OUSD liquidity pool to boost LP APYs for depositors.

MARKET ACTIVITY

A new OUSD/crvUSD liquidity pool launched on Curve Finance with Pool Booster support and incentives for liquidity providers.

MARKET ACTIVITY

msETH/WETH liquidity pool on Stake DAO OnlyBoost achieves 26.84% APR, with 21.96% coming from $17.5K in USDC rewards provided by Metronome DAO through Votemarket to incentivize the msETH gauge.

VISIBILITY EVENT

Gerrit Hall participated in a panel discussion on stablecoin infrastructure at EthereumDenver conference.

MARKET ACTIVITY

Integrated Term USDC Meta Vault with Term Labs for frxUSD, launching a frxUSD/tmvUSDC pool February 16, 2026. Provides instant liquidity for fixed-rate lending positions.

ONCHAIN METRICS

Has 97,661 token holder wallets as of February 2026.

2W ago
PARTNERSHIP

Integrated Yearn Finance for crvUSD savings, with $36M in scrvUSD secured.

ONCHAIN METRICS

Reached over $5M TVL across 13+ Curve vaults through the Beefy x Stake DAO autocompounded vault partnership.

ONCHAIN METRICS

28.4% of CRV inflation is routed through Stake DAO's locker as of January 2026, up from 17% in December 2025.

ONCHAIN METRICS

Received a $7M deposit into the pyUSD/crvUSD pool on February 11, 2026.

ONCHAIN METRICS

Curve Finance BOLD liquidity pool has approximately 11% native APR for liquidity providers, including swap fees and BOLD rewards.

ONCHAIN METRICS

Distributed 400K sdCRV in one week from voting power through Stake DAO's CRV Liquid Locker, setting a new record for the product.

ONCHAIN METRICS

Generated fees increased 92% while CRV token price declined 25%; generated 104% revenue growth over 30 days as of 2026-02-17.

MARKET ACTIVITY

Listed a new MUSD trading pair involving Origin Protocol and Mezo Network.

PARTNERSHIP

crvUSD is live on River, enabling 1:1 swaps between crvUSD and satUSD.

MARKET ACTIVITY

Offers CRV incentives for the ynRWAx/OUSD liquidity pool with APY up to 119%.

MARKET ACTIVITY

Offers CRV incentives for the ynRWAx/USDC liquidity pool with APY up to 60%.

MARKET ACTIVITY

Offers CRV incentives for the ynRWAx/ynUSDx liquidity pool with APY up to 79%.

3W ago
ONCHAIN METRICS

crvUSD Optimizer reached 100% utilization with $571M TVL

PARTNERSHIP

Integrated with Origin Protocol's ecosystem alongside Morpho and Compound.

ONCHAIN METRICS

Reached all-time high in daily active users.

VISIBILITY EVENT

Curve Finance is accessible through Ledger Wallet app on Etherlink following the addition of Tezos (XTZ) send and receive support on that network.

TOKEN ECONOMICS

BOLD/USDC liquidity providers earn 8% APR in BOLD tokens, with an 11% APR boost from Liquity Protocol rewards on Ekubo Protocol and Uniswap pools.

RISK ALERT

Depegged to 0.95-0.96 against USDT and USDC, with borrow rates spiking to 30%, depegged for two weeks as of February 10, 2026, as reviewed by LlamaRisk.

1M ago
OPINION SPECULATION

Research comparing revenue efficiency across DeFi tokens places CRV at a 6.41x price-to-revenue multiplier in the fee-sharing category, contrasted with buyback-focused tokens that trade at higher multiples.

TOKEN ECONOMICS

Has over 37% of total circulating supply locked for at least 4 years, with most locked indefinitely.

TECH EVENT

Terraform Labs withdrew $150M UST from 3pool on May 7, 2022. Jane Street withdrew $85M UST from 3pool on May 8, 2022.

TOKEN ECONOMICS

CRV emissions are scheduled to continue for approximately 200 years from 2026-01-14.

MARKET ACTIVITY

crvUSD is accepted as payment for SQUID Pass auction bids on Ethereum Mainnet alongside WETH.

FINANCIAL EVENT

Received a 250,000 OP grant in Q3-Q4 2025.

2M ago
VISIBILITY EVENT

Listed as a recommended protocol to learn about veToken, Bribe, and Stable AMM mechanisms in a DeFi educational guide.

PARTNERSHIP

Receives Ethereum key management support from Internet Computer (ICP/Dfinity).

VISIBILITY EVENT

Nominated for the Defi Excellence Award with the winner to be announced on 2025-12-30.

ONCHAIN METRICS

Accounts for 44.06% of all DEX fees on Ethereum as of December 18, 2025.

Stake DAO's Curve Finance strategies TVL reaches over $150M, up from $34M one year ago, with the frxUSD/crvUSD strategy alone holding $31M.

Reserve Protocol's ETH+ pool lending markets go live with Gearbox integration, offering 10x leveraged LP positions with Beefy Finance auto-compounding and Convex Finance boosted rewards.

YB Liquid Locker launches alongside YB Votemarket deployment, while Staking V2 grows following new vote incentives on crvUSD Pegkeepers.

A proposal suggests allocating one-third of DAO fee revenue (excluding vote incentives) for development budget instead of treasury CRV grants. Inverse Finance and Frax Finance migrate vote incentives to Votemarket.

During Bitcoin price movements, crvUSD ranks as the #1 token by volume on Curve, as it has the most liquid BTC pairs on-chain.

A governance proposal requests 17.45M CRV token grant to Swiss Stake AG for technology development.

Curve is identified as one of the top-performing cryptocurrencies in the past 7 days, grouped within the Ethereum scaling, infrastructure, and DeFi narrative category.

Yield Basis activates fee switch and distributes 17 BTC (~$1.6M) in revenue from leveraged Curve strategies after $130M Bitcoin deposits. cbBTC pool including crvUSD doubles from $100M to $200M TVL.

DAO approved increasing YieldBasis crvUSD credit line from 300M to 1B amid crvUSD depeg episodes, with borrowing activity cited as a factor.

Curve Finance updates crvUSD borrow rates by increasing TargetFraction and lowering the base rate to reduce volatility ahead of Llamalend V2 launch, making borrowing smoother and cheaper.

Curve Finance started adding support for FX (foreign exchange) pairs, expanding beyond traditional crypto trading pairs.

Spark Protocol services fintechs and exchanges with Stablecoin-Liquidity-as-a-Service using Curve for market making that imports $4.3B USDC liquidity, with examples including PYUSD, Coinbase, and Avalanche spUSDC.

Curve Finance holds the #18 position in DeFi TVL rankings for Dec 2025, up one spot year-over-year from #19 in Dec 2024.

Stable Eco integrates Curve Finance as a supported protocol in its first batch of integrations. crvUSD ranks #1 by trading volume on Curve.

Distributes $808K in rewards across 79 campaigns involving 26 protocols; Votemarket round closes February 18, 2026, with $850K deposited across 80 gauge campaigns and 22%+ APRs.

YB Curve pool and YB LEVAMM process approximately $2M in tBTC volume through 10 transactions.

Curve ranks among the top 15 DeFi protocols by TVL growth in the last 30 days, positioned as a top performer in this key metric.

Ranks 7th for development activity on Ethereum and 8th on Arbitrum by Santiment, with both improving from the previous month.

Yieldbasis launches sdYB/YB campaign on Votemarket where sdYB fees buy veCRV votes for the gauge, distributing $18K this week at an estimated 89% APR in WBTC rewards to stakers.

Curve Finance launches partnership with XDC Network featuring ~145% APY yields backed by $59k in incentives for liquidity providers.

A whale buys $295K worth of CRV tokens (753,625 CRV) during market dip alongside $13.9M in other DeFi assets.

Work begins on MonetaryPolicy updates for crvUSD to create smoother, less volatile borrow rates following receipt of a credit line, with @in_pangea supporting a gradual scaling approach.

A new hemiBTC/WBTC/cbBTC tripool goes live featuring 1.6% native yield, 0.6% deposit bonus for hemiBTC, and 160% CRV incentives through integration with Hemi Network.

The Ethereum Protocol Advocacy Alliance launches with Curve Finance as a founding member alongside six other major DeFi protocols (Aave, Aragon, Lido, Spark, The Graph, and Uniswap Foundation) to coordinate policy efforts protecting Ethereum's neutrality and ensuring global regulation supports open innovation.

Yearn's yETH vault suffers a $9M exploit that drains Curve pools after attacker mints infinite yETH and routes 1,000 ETH through Tornado Cash, with team recovering $2.4M in pxETH.

A governance vote proposes increasing crvUSD allocation to Yield Basis from 300M to 1B.

Curve debuts FXSwap through a pilot CHF-USD liquidity pool on mainnet, integrating Frankencoin's ZCHF and crvUSD with CRV emissions.

Monad subsidizes Curve's Bitcoin Converter pool with 30k MON daily incentives at $2.3m TVL delivering 15% APR, and the AZND/AUSD stablecoin pool prints 30%+ APR with rewards claimable on Merkl.

Revenue in November 2024 reached its highest level since 2022, with a nearly 10X increase from mid-2024 lows.

Curve founder Michael Egorov announces Yield Basis, a prospective solution to address impermanent loss for DeFi liquidity providers.

A new gold-backed stablecoin pmUSD from Raacfi integrates with Curve Finance for secure pooling, tokenized by Instruxi and Chainlink.

Protocol revenue this month hits highest level since 2022, marking a 10X increase from mid-2023 lows.

New markets launch on Monad blockchain with Curve Finance leverage LP positions offering up to 12X credit, $20M+ in liquidity, and 100%+ APRs. The Curve pool caps have already been reached due to high demand.

The first pilot foreign exchange liquidity pool (CHFUSD) goes live on Ethereum using the new FXSwap algorithm, partnering with Frankencoin ZCHF and offering up to 100% APR in CRV emissions.

CRV ranks as the #1 daily crypto gainer on April 12, 2025 according to CoinMarketCap data.

The YB/sdYB liquidity pool deploys on Convex Finance with 95% projected APR and boosted CRV emissions.

The frxUSD PegKeeper pool for crvUSD crosses $30M TVL milestone with up to 14% APR available.

CRV rewards start streaming for the sdYB/YB liquidity pool after successful gauge vote approval, with Stake DAO offering boosted rewards.

Curve Finance shifts positioning from "home of stablecoins" to FX engine for onchain money, serving as a clearing venue where different onchain dollars clear at scale.

YieldBasis' upcoming governance proposal activates Fee Switch, distributing 17.13 BTC (~$1.578M) in captured fees to veYB holders while enhancing YB utility across Curve DAO and crvUSD.

Stake DAO's sdYB/YB liquidity pool goes live with an ongoing gauge vote to enable CRV rewards for the pool.

Asymmetry Finance integrates Votemarket's Liquidity Mining Hook feature, redirecting unspent veCRV vote incentives to boost afCVX/CVX gauge rewards on Stake DAO.

Curve Finance operates liquidity pools on Monad network with Merkl rewards, including a MON pool (wMON, shMON, sMON, gMON) offering 200% APR in incentives and an ETH pool (WETH, wstETH, weETH) offering 128% APR in incentives.

Curve Finance provides enhanced liquidity for Almanak's alUSD token as part of live integrations ahead of Almanak's December TGE.

FXSwap deploys on Curve Finance. Votemarket activity shows $786K deployed across 74 Curve campaigns and $29K across 4 protocol_fx campaigns.

Yearn's yETH product suffers an $8-9M exploit on November 30, 2025, draining approximately $900K from the yETH-WETH Curve pool as secondary impact through an infinite mint vulnerability attack.

3M ago

A pool deployment error using incorrect asset type configuration (type 0 instead of 4626) enables arbitrage exploitation causing 20:1 pool imbalance, with 166k in gauge rewards remaining locked for a 30-day epoch.

Multiple fake Curve Finance group chats exist on X, Discord, and Telegram attempting to scam users.

A governance proposal seeks to increase transaction fees for the stUSDS-USDS pool from 1 basis point to 100 basis points, citing mispricing of liquidity risk and the asset's distressed profile.

A replacement USDS/stUSDS pool deploys with 500,000 USDS in three-month incentives to function as the stUSDS discount market, while the old sUSDS/stUSDS pool shifts to boosted rewards.

Curve Finance is among the top volume contributors on Monad network DEXes, which collectively process $100m+ in daily spot volume since launch.

The recently launched sUSDS/stUSDS pool has a configuration error preventing deep liquidity provision and will be replaced with a new properly configured USDS/stUSDS pool supporting ERC4626; the misconfigured pool currently offers 55% yield as an unintended stUSDS farm.

The stUSDS discount market achieves successful bootstrap on Curve, with current discount rates ranging from 4-6%.

The sUSDS/stUSDS pool now offers 500,000 USDS in incentives distributed over three months for liquidity providers, who can earn from both the incentive program and swap fees.

Two experimental Curve pools launch for HAI/BOLD pair using StableswapNG and Cryptoswap configurations, with the stableswap pool achieving over 50% liquidity utilization.