Convex Finance · Ethereum

FRAX-USDE

Overview

Convex Finance's FRAX-USDE pool on Ethereum is a stablecoin liquidity pool where users provide both assets to earn yield. The pool generates a total APY of 2.03 percent, composed of a base APY of 0.15 percent and reward APY of 1.88 percent. Over the past 30 days, APY has risen 15.18 percent, though the 7-day trend shows a decline of 10.72 percent, suggesting recent softening in returns. The pool holds 54.7 million dollars in total value locked, with trend data for the 7-day TVL change unavailable. Depeg risk is the primary concern in stablecoin pools, as the value stability of FRAX and USDE assets underpins pool health, though the pool itself has no inherent impermanent loss exposure.

Generated 2026-05-18 from the structured pool data on this page. No external claims, no hand-edited text. See methodology.

Risk profile

• Smart contract risk

  Funds are deposited into a smart contract. A bug or exploit in the contract could lead to total loss. Audits reduce, but do not eliminate, this risk. Check the protocol page for audit history.

• Depeg risk

  The pool is built on stablecoins. A depeg of any underlying asset would impact returns and principal.

• Yield variability

  Current APY is 2.03%; 30-day mean is 1.97%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 63% confidence based on historical patterns.

These notes are derived from the pool's structured data, not editorial advice. See our methodology.