Total Value Locked$137.25m
TVL by Chain
Ethereum$137.25m
Key Metrics
Fees 30d$223,425
Fees 30d by chain
Ethereum$223,425
Fees 7d$43,910
Ethereum$43,910
Fees 24h$0
Ethereum$0
Cumulative Fees$40.73m
Ethereum$40.73m
Revenue 30d$187,568
Revenue 30d by chain
Ethereum$187,568
Revenue 7d$37,221
Ethereum$37,221
Revenue 24h$0
Ethereum$0
Cumulative Revenue$37.62m
Ethereum$37.62m
Holders Revenue 30d$168,812
Holders Revenue 30d by chain
Ethereum$168,812
Holders Revenue 7d$33,499
Ethereum$33,499
Holders Revenue 24h$0
Ethereum$0
Cumulative Holders Revenue$20.4m
Ethereum$20.4m
Collateral Liquidated 30d$13,887
Collateral Liquidated 30d by chain
Ethereum$13,887
Collateral Liquidated 7d$13,887
Ethereum$13,887
Collateral Liquidated 24h$0
Ethereum$0
Cumulative Collateral Liquidated$13,887
Ethereum$13,887
Protocol Information
crvUSD is a collateralized-debt-position (CDP) stablecoin pegged to the US Dollar
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: All borrow interest paid by borrowers.View code on GitHubRevenue: All borrow interest go to protocol treasury + veCRV holders.View code on GitHubHolders Revenue: Revenue share to veCRV holders.View code on GitHubCollateral Liquidated: Collateral and crvUSD taken from the borrower's LLAMMA position in Controller Liquidate events (hard liquidations). Self-liquidations, where the borrower closes their own loan, are excluded. Soft liquidation inside LLAMMA is not counted.View code on GitHubYields
Pools Tracked1
Average Supply APY2.52%
Competitors
crvUSD history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from May 18, 2023 to Oct 28, 2026.
All-time high TVL: $347.59m on Mar 9, 2024. All-time low TVL: $2.25m on May 18, 2023.
Daily TVL, Sep 29, 2026 to Oct 28, 2026
| Date | TVL |
|---|---|
| Sep 29, 2026 | $159.88m |
| Sep 30, 2026 | $156.14m |
| Oct 1, 2026 | $156.58m |
| Oct 2, 2026 | $158.59m |
| Oct 3, 2026 | $157.24m |
| Oct 4, 2026 | $158.02m |
| Oct 5, 2026 | $160.88m |
| Oct 6, 2026 | $160.86m |
| Oct 7, 2026 | $161.18m |
| Oct 8, 2026 | $155.52m |
| Oct 9, 2026 | $151.4m |
| Oct 10, 2026 | $147.24m |
| Oct 11, 2026 | $147.25m |
| Oct 12, 2026 | $149.83m |
| Oct 13, 2026 | $139.02m |
| Oct 14, 2026 | $142.21m |
| Oct 15, 2026 | $134.66m |
| Oct 16, 2026 | $136.62m |
| Oct 17, 2026 | $135.73m |
| Oct 18, 2026 | $134.98m |
| Oct 19, 2026 | $136.23m |
| Oct 20, 2026 | $135.52m |
| Oct 21, 2026 | $138.33m |
| Oct 22, 2026 | $141.29m |
| Oct 23, 2026 | $138.35m |
| Oct 24, 2026 | $137.22m |
| Oct 25, 2026 | $137.69m |
| Oct 26, 2026 | $137.52m |
| Oct 27, 2026 | $135.73m |
| Oct 28, 2026 | $137.25m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $146.16m |
| Dec 31, 2024 | $137.76m |
| Jan 31, 2025 | $152.99m |
| Feb 28, 2025 | $106.65m |
| Mar 31, 2025 | $146.35m |
| Apr 30, 2025 | $208.95m |
| May 31, 2025 | $244.03m |
| Jun 30, 2025 | $213.43m |
| Jul 31, 2025 | $238.31m |
| Aug 31, 2025 | $232.79m |
| Sep 30, 2025 | $219m |
| Oct 31, 2025 | $182.24m |
| Nov 30, 2025 | $98.05m |
| Dec 31, 2025 | $133.32m |
| Jan 31, 2026 | $112.63m |
| Feb 28, 2026 | $40.28m |
| Mar 31, 2026 | $33.65m |
| Apr 30, 2026 | $109.05m |
| May 31, 2026 | $96.65m |
| Jun 30, 2026 | $49.93m |
| Jul 31, 2026 | $71.5m |
| Aug 31, 2026 | $142.27m |
| Sep 30, 2026 | $156.14m |
| Oct 28, 2026 (latest) | $137.25m |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $177.21m |
| Dec 31, 2024 | $137.76m |
| Dec 31, 2025 | $133.32m |
Fees, revenue and holders revenue by UTC calendar month, Nov 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Nov 2024 | $1.16m | $1.07m | $1.07m |
| Dec 2024 | $1.01m | $771,362 | $771,362 |
| Jan 2025 | $593,410 | $411,358 | $411,358 |
| Feb 2025 | $323,358 | $233,780 | $233,780 |
| Mar 2025 | $111,114 | $86,877 | $86,877 |
| Apr 2025 | $209,801 | $169,297 | $169,297 |
| May 2025 | $373,167 | $282,225 | $282,225 |
| Jun 2025 | $684,252 | $457,272 | $451,921 |
| Jul 2025 | $690,494 | $407,938 | $367,141 |
| Aug 2025 | $646,866 | $364,910 | $328,418 |
| Sep 2025 | $899,963 | $481,693 | $433,523 |
| Oct 2025 | $508,539 | $275,198 | $247,678 |
| Nov 2025 | $536,927 | $336,829 | $303,150 |
| Dec 2025 | $92,673 | $68,289 | $61,459 |
| Jan 2026 | $204,986 | $173,267 | $155,939 |
| Feb 2026 | $497,684 | $241,046 | $216,941 |
| Mar 2026 | $190,541 | $38,108 | $34,297 |
| Apr 2026 | $65,820 | $22,618 | $20,357 |
| May 2026 | $127,911 | $91,000 | $81,899 |
| Jun 2026 | $147,150 | $89,369 | $80,433 |
| Jul 2026 | $89,079 | $56,969 | $51,270 |
| Aug 2026 | $73,315 | $57,513 | $51,762 |
| Sep 2026 | $207,038 | $172,681 | $155,414 |
| Oct 2026 (to date) | $171,610 | $144,128 | $129,716 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/crvusd
Frequently asked questions
What is crvUSD's TVL?
As of Oct 28, 2026, crvUSD has $137.25m in total value locked. TVL has decreased 16% over the past 30 days.
What chains does crvUSD operate on?
crvUSD operates on Ethereum. Ethereum holds the largest share at 100%.
How much has crvUSD generated in fees and revenue?
Over the past 30 days, crvUSD generated $223,425 in fees. Of that, $187,568 was protocol revenue. Based on the trailing year, the annualized rate is $2.46m in fees and $1.52m in revenue.
How does crvUSD's TVL compare to similar protocols?
Among CDP protocols tracked by DefiLlama, crvUSD ranks #4 by TVL. The category holds $7.258b across 200 protocols, and crvUSD accounts for 1.9% of that total. Similar protocols include Sky Lending, USDD, Liquity V1, Liquity V2, Reservoir Protocol, Frankencoin, Inverse Finance FiRM, BIMA CDP, Inverse Finance Frontier, and mStable V2.
How many yield pools does crvUSD have?
DefiLlama tracks 1 crvUSD yield pool with an average APY of 2.5%.