Convex Finance · Ethereum

USDT-CRVUSD

Overview

The Convex Finance USDT-CRVUSD pool on Ethereum is a single-asset stablecoin position where suppliers earn yield from depositing USDT collateralized with CRVUSD tokens. The protocol generates returns by routing borrowing demand against pooled liquidity and distributing rewards to token holders. Total APY of 4.57% combines base lending at 18% with an additional reward layer at 2.77%. Over the past week, the rate has declined by 0.81%, while over the last month it has fallen by 4.59%, placing the current yield below the 30-day mean of 5.87%. TVL stands at $14.6M with no reported change in the past seven days; primary exposure is depeg risk on the underlying stablecoin. This pool benefits from deep liquidity, supporting consistent returns for suppliers despite recent 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 5.11%; 30-day mean is 5.43%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 88% confidence based on historical patterns.

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