Curve DEX · Ethereum

STETH-FRXETH

Overview

The Curve DEX STETH-FRXETH pool on Ethereum is a multi-asset liquidity position designed for trading between staked ETH (STETH) and flexible-rate ETH (FRXETH). This protocol generates yield by facilitating trades and earning fees from transaction volume.

Total APY stands at 1.77%, combining base returns with an additional reward layer of 0.57%. The 7-day trend shows a slight increase of 0.11%, while the 30-day trend indicates a decline of 1.51%, placing current rates below the 30-day mean of 1.55%.

TVL is $14.9M, with no reported change over the past week. The primary risk here involves impermanent loss exposure due to the multi-asset nature of the pool. This liquidity depth supports stable trading conditions and fee generation for liquidity providers.

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.

• Yield variability

  Current APY is 1.70%; 30-day mean is 1.75%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 64% confidence based on historical patterns.

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