Curve DEX · Ethereum

FRXUSD-MSUSD

Overview

The Curve DEX FRXUSD-MSUSD pool on Ethereum is a multi-asset stablecoin liquidity position where suppliers earn variable interest through the protocol's automated market-making mechanism. The assets in this pool are used to facilitate trades between different stablecoins, generating yield from trading fees and arbitrage opportunities.

Total APY of 6.82% combines base lending with an additional reward layer. Over the past week, the APY has declined by 1.96%, while over the last month it has dropped by 0.37%. This places the current rate below the 30-day mean of 7.63%.

TVL stands at $10.67M with no reported change in the past week. The primary risk here is impermanent loss exposure due to the multi-asset nature of the pool, though this risk may be mitigated by the stablecoin composition and trading patterns within Curve DEX.

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 8.07%; 30-day mean is 6.03%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 55% confidence based on historical patterns.

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