CRVUSD vaults
About CRVUSD vaults
Curve USD CRVUSD is used in 38 stablecoin vaults with $114.8M TVLacross 4 protocols. The largest vaults are Llama Lend sreUSD / crvUSD, Llama Lend sfrxUSD / crvUSD, Savings crvUSDand the most popular vault protocols are Llama Lend, Yearn and Gearbox. The last 30 days' average yield is 1.9%.
5 vaults are excluded from this ranking due to minimum TVL requirements or risk issues.
About Curve USD
crvUSD is the native stablecoin of Curve Finance, the leading decentralised exchange for stable assets. It uses the LLAMMA (Lending-Liquidating AMM Algorithm) mechanism that converts collateral to crvUSD gradually during soft liquidations, reducing liquidation risk for borrowers.
Stablecoin price 1 CRVUSD = $1.00
crvUSD is issued by Curve Finance, one of the largest and most battle-tested DEXs in DeFi. Unlike traditional CDP stablecoins that use hard liquidations, crvUSD uses LLAMMA — an AMM-based liquidation mechanism that gradually converts collateral to crvUSD as prices fall, allowing borrowers more time to add collateral or repay.
Mechanism
- Overcollateralised CDP model using various collateral types (stETH, ETH, WBTC, USDC, and others)
- LLAMMA performs soft liquidations: collateral is sold gradually across a price band rather than all at once
- Uses Curve's own price oracles (exponential moving average) for manipulation resistance
- PegKeepers maintain the peg by minting/burning crvUSD in Curve pools
- Deployed on Ethereum (primary) and bridged to multiple other chains
Sources
38
vaults TVL $115M Avg. return 2.07% Stablecoin-only Updated
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The vaults on the listing are limited to the current category. See all vaults.
| 3M price | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Curve Boosted crvUSD-wstETH Lender Unknown vault protocol | 57.5%* | 22.6%* | 3,786.1%* | 3.8 | 5.4% | 0.0% | crvUSD | $102.88K $621.95K | 1.3 | 0.0%/ 0.0% | Instant | Unknown |  | ||
Llama Lend CRV / crvUSD Llama Lend | 12.2% | 9.4% | 30.9% | 8.8 | 1.0% | 0.0% | crvUSD | $362.84K $4.17M | 2.5 | 0.0%/ 0.0% | Instant | Low |  | ||
Llama Lend tBTC / crvUSD Llama Lend | 7.6% | 7.5% | 23.2% | 6.2 | 1.2% | 0.0% | crvUSD | $48.65K $3.66M | 2.6 | 0.0%/ 0.0% | Instant | Low |  | ||
Curve Boosted crvUSD-sreUSD Lender Yearn | 7.1% | 6.5% | 7.1% | 19.2 | 0.3% | 0.0% | crvUSD | $388.61K $3.55M | 1.0 | 0.0%/ 0.0% | Instant | Low |  | ||
Llama Lend sUSDS / crvUSD Llama Lend | 6.5% | 3.5% | 5.1% | 5.2 | 0.7% | 0.0% | crvUSD | $16.22K $4.17M | 1.4 | 0.0%/ 0.0% | Instant | Low |  | ||
Llama Lend fxSAVE / crvUSD Llama Lend | 6.0% | 5.4% | 5.1% | 13.1 | 0.4% | 0.0% | crvUSD | $320.14K $12.06M | 1.2 | 0.0%/ 0.0% | Instant | Low |  | ||
crvUSD-2 yVault Yearn | 5.3% | 4.6% | 15.9% | 34.6 | 0.1% | 0.0% | crvUSD | $1.34M $4.58M | 2.4 | 0.0%/ 0.0% | Instant | Low |  | ||
Llama Lend sFRAX / crvUSD Llama Lend | 4.8% | 4.8% | 8.7% | 6.6 | 0.7% | 0.0% | crvUSD | $10.88K $4.08M | 2.2 | 0.0%/ 0.0% | Instant | Low |  | ||
Llama Lend WBTC / crvUSD Llama Lend | 4.8% | 5.9% | 11.7% | 20.0 | 0.3% | 0.0% | crvUSD | $81.02K $2.01M | 2.3 | 0.0%/ 0.0% | Instant | Low |  | ||
Llama Lend WETH / crvUSD Llama Lend | 4.3% | 5.1% | 11.3% | 25.8 | 0.2% | 0.0% | crvUSD | $213.05K $2.26M | 2.3 | 0.0%/ 0.0% | Instant | Low |  | ||
Llama Lend WBTC / crvUSD Llama Lend | 3.7% | 2.8% | 12.4% | 25.5 | 0.1% | 0.0% | crvUSD | $3.29M $18.11M | 2.4 | 0.0%/ 0.0% | Instant | Low |  | ||
Llama Lend sfrxUSD / crvUSD Llama Lend | 3.1% | 2.7% | 5.8% | 17.0 | 0.2% | 0.0% | crvUSD | $5.60M $30.74M | 1.5 | 0.0%/ 0.0% | Instant | Low |  | ||
Llama Lend sfrxUSD / crvUSD Llama Lend | 2.8% | --- | 0.5% | 45.4 | 0.0% | 0.0% | crvUSD | $18.46M $19.19M | 0.2 | 0.0%/ 0.0% | Instant | Low |  | ||
Savings crvUSD Unknown vault protocol | 2.7%* | 1.8%* | 10.9%* | 34.4 | 0.1% | 0.0% | crvUSD | $15.77M $60.81M | 1.9 | 0.0%/ 0.0% | Instant | Unknown |  | ||
Llama Lend sDOLA / crvUSD Llama Lend | 2.5% | --- | 0.6% | 28.8 | 0.1% | 0.0% | crvUSD | $12.13M $12.33M | 0.2 | 0.0%/ 0.0% | Instant | Low |  | ||
Llama Lend sUSDe / crvUSD Llama Lend | 2.5% | 2.1% | 11.4% | 39.8 | 0.1% | 0.0% | crvUSD | $8.05M $45.32M | 2.3 | 0.0%/ 0.0% | Instant | Low |  | ||
Llama Lend syrupUSDC / crvUSD Llama Lend | 2.2% | --- | 0.3% | 43.3 | 0.0% | 0.0% | crvUSD | $5.12M $5.15M | 0.2 | 0.0%/ 0.0% | Instant | Low |  | ||
Llama Lend wstETH / crvUSD Llama Lend | 1.9% | 1.6% | 10.6% | 20.2 | 0.1% | 0.0% | crvUSD | $3.96M $7.58M | 2.3 | 0.0%/ 0.0% | Instant | Low |  | ||
Llama Lend WBTC / crvUSD Llama Lend | 1.9% | 1.6% | 16.0% | 5.5 | 0.3% | 0.0% | crvUSD | $23.88K $5.37M | 2.5 | 0.0%/ 0.0% | Instant | Low |  | ||
Llama Lend ynETH / crvUSD Llama Lend | 1.4% | 1.4% | 6.6% | 6.6 | 0.2% | 0.0% | crvUSD | $24.59K $1.96M | 1.9 | 0.0%/ 0.0% | Instant | Low |  | ||
Llama Lend WETH / crvUSD Llama Lend | 1.0% | 1.0% | 9.8% | 19.0 | 0.1% | 0.0% | crvUSD | $1.34M $16.27M | 2.3 | 0.0%/ 0.0% | Instant | Low |  | ||
Llama Lend svZCHF / crvUSD Llama Lend | 1.0% | --- | 0.1% | 22.5 | 0.0% | 0.0% | crvUSD | $559.04K $560.37K | 0.1 | 0.0%/ 0.0% | Instant | Low |  | ||
Curve Boosted crvUSD-WETH Lender Unknown vault protocol | 1.0%* | 1.2%* | 4,750.3%* | 9.8 | 0.1% | 0.0% | crvUSD | $28.32K $677.81K | 1.0 | 0.0%/ 0.0% | Instant | Unknown |  | ||
Llama Lend WETH / crvUSD Llama Lend | 0.9% | 0.6% | 13.0% | 5.5 | 0.1% | 0.0% | crvUSD | $86.10K $4.95M | 2.5 | 0.0%/ 0.0% | Instant | Low |  | ||
Llama Lend sreUSD / crvUSD Llama Lend | 0.5% | 0.7% | 2.3% | 19.6 | 0.0% | 0.0% | crvUSD | $33.35M $39.23M | 1.1 | 0.0%/ 0.0% | Instant | Low |  | ||
Llama Lend WETH / crvUSD Llama Lend | 0.3% | 0.2% | 16.9% | 5.1 | 0.0% | 0.0% | crvUSD | $82.83K $15.63M | 2.6 | 0.0%/ 0.0% | Instant | Low |  | ||
Llama Lend tBTC / crvUSD Llama Lend | 0.1% | 0.1% | 2.0% | 15.4 | 0.0% | 0.0% | crvUSD | $27.03K $948.32K | 1.4 | 0.0%/ 0.0% | Instant | Low |  | ||
Llama Lend asdCRV / crvUSD Llama Lend | 0.0% | 0.0% | 25.6% | 5.7 | 0.0% | 0.0% | crvUSD | $13.11K $1.75M | 2.2 | 0.0%/ 0.0% | Instant | Low |  | ||
Llama Lend CRV / crvUSD Llama Lend | 0.0% | 0.0% | 25.0% | 17.8 | 0.0% | 0.0% | crvUSD | $2.93M $67.21M | 2.6 | 0.0%/ 0.0% | Instant | Low |  | ||
Llama Lend FXN / crvUSD Llama Lend | 0.0% | 0.0% | 49.5% | 15.5 | 0.0% | 0.0% | crvUSD | $27.88K $118.68K | 2.5 | 0.0%/ 0.0% | Instant | Low |  | ||
Llama Lend UwU / crvUSD Llama Lend | 0.0% | 0.0% | 62.9% | 6.6 | 0.0% | 0.0% | crvUSD | $54.16K $2.91M | 2.4 | 0.0%/ 0.0% | Instant | Low |  | ||
Llama Lend ARB / crvUSD Llama Lend | 0.0% | 0.0% | 7.7% | 15.4 | 0.0% | 0.0% | crvUSD | $72.07K $966.38K | 2.3 | 0.0%/ 0.0% | Instant | Low |  | ||
Llama Lend sDOLA / crvUSD Llama Lend | 0.0% | 0.0% | 4.2% | 7.5 | 0.0% | 0.0% | crvUSD | $307.03K $34.10M | 1.5 | 0.0%/ 0.0% | Instant | Low |  | ||
Sturdy crvUSD Compounder Yearn | 0.0% | 0.0% | 22.6% | --- | 0.0% | 0.0% | crvUSD | $19.01K $1.42M | 2.4 | 0.0%/ 5.0% | Capped | Low |  | ||
crvUSD v3 Gearbox | 0.0% | 0.0% | 9.2% | --- | 0.0% | 0.0% | crvUSD | $35.43K $3.99M | 2.3 | 0.0%/ 0.0% | Instant | Low |  | ||
Llamarisk crvUSD Vault IPOR Fusion | -0.3% | -0.3% | 2.6% | -7.5 | 0.0% | -0.1% | crvUSD | $12.88K $1.25M | 0.8 | 0.3%/ 2.0% | Instant | Low |  | ||
Curve Boosted crvUSD-syrupUSDC Lender Unknown vault protocol | --- | --- | 0.1%* | 10.7 | 0.1% | 0.0% | crvUSD | $197.64K $365.92K | 0.04 | 0.0%/ 0.0% | Instant | Unknown |  | ||
Curve Boosted crvUSD-sfrxUSD Lender Unknown vault protocol | --- | --- | 0.0%* | 9.6 | 0.1% | 0.0% | crvUSD | $342.79K $532.07K | 0.04 | 0.0%/ 0.0% | Instant | Unknown |  |
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