Stake DAO · Ethereum

FRXUSD-MSUSD (Curve)

Overview

The Stake DAO FRXUSD-MSUSD pool on Ethereum is a multi-asset stablecoin yield position where suppliers earn interest by depositing FRXUSD and MSUSD tokens. The protocol generates yield through liquidity provision in the Curve ecosystem, which facilitates trades between these two stablecoins.

Total APY stands at 13.92%, comprising base yield of 0.58% and a reward layer of 13.34%. Over the past week, the APY has decreased by 2.57%, while over the last month it has increased by 0.16%. This current rate is below the 30-day mean of 14.53%.

TVL in this pool amounts to $7.3M with no reported change over the past week. Primary exposure includes depeg risk on the underlying stablecoins, as multi-asset pools are particularly sensitive to shifts in token pegs against their fiat equivalents.

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 13.47%; 30-day mean is 12.45%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 57% confidence based on historical patterns.

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