Convex Finance · Ethereum

USDC-CRVUSD

Overview

The Convex Finance USDC-CRVUSD pool on Ethereum is a single-asset stablecoin position where suppliers earn yield from the protocol’s governance token rewards and staking incentives. The asset combines USDC with CRVUSD, a Curve.fi liquidity mining reward. Total APY of 4.56% breaks down into base lending at 14% and additional incentive rewards at 4.42%. Over the past week, the rate trended downward by 0.59%, while over the last month it declined further by 1.62%, placing the current APY below the 30-day mean of 5.02%. TVL stands at $15.7M with no recent change data available; primary exposure is depeg risk on the underlying stablecoin. The pool benefits from substantial liquidity depth, supporting consistent yield generation for suppliers despite market volatility.

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 4.37%; 30-day mean is 5.01%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 86% confidence based on historical patterns.

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