Convex Finance · Ethereum

FRXUSD-CRVUSD

Overview

The Convex Finance FRXUSD-CRVUSD pool on Ethereum is a single-asset stablecoin position where suppliers earn yield from the protocol's governance token incentives and liquidity provision rewards. This pool generates returns by participating in Curve’s liquidity mining programs, earning CVX tokens and other rewards. Total APY of 4.91% combines base yield with reward incentives. The 7-day trend is down 0.27%, while the 30-day trend shows a decline of 0.97%, placing the current rate below the 30-day mean of 5.87%. TVL stands at $11.75M, with no recent change noted over the past week; primary exposure is to smart-contract risk due to the multi-token nature of FRXUSD-CRVUSD. This pool's liquidity depth supports stablecoin trading pairs on Curve, enhancing its utility in decentralized finance markets.

Composed 2026-05-20 from the structured data above. See methodology for the full pipeline.

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 5.96%; 30-day mean is 5.93%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 82% confidence based on historical patterns.

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