Curve’s weekly ecosystem update for Aug. 13 showed broad growth in its lending arm, Llamalend, alongside changes across crvUSD, DAO emissions and DEX activity. The clearest move came from lending metrics: total value locked climbed to $164 million, with supply, borrowing and the number of open loans all increasing over the week.

The report also noted that a new svZCHF/crvUSD market went live on Llamalend V2 on Aug. 12 with a 500,000 crvUSD borrow cap. Elsewhere, Curve said CRV had entered its sixth mining epoch, reducing daily emissions by 15.91%, while Robinhood Chain appeared in the protocol’s fee table after a Curve deployment contributed $118,700 in weekly pool fees.

Llamalend records growth across the board

According to the update, Llamalend expanded on every headline measure in the latest weekly period. TVL rose 12.3% to $164 million, supplied funds increased 22.7% to $77.1 million, and borrowed funds grew 13.3% to $97.7 million. Collateral reached $144 million, up 10.1%, while open loans increased by 24 to 1,094.

The weekly breakdown also highlighted where momentum was strongest. In Llamalend borrowing, cbBTC led weekly gains at $979,000, followed by WBTC and WSTETH at $511,000 each. In the broader lending market tables, sfrxUSD and sreUSD stood out on both borrowing and supplying, with syrupUSDC also posting gains.

crvUSD supply expands while rates stay low

Curve reported that crvUSD minting increased 5.3% to $39.8 million. The average borrow rate was listed at 2.1%, and PegKeeper reserves stood at $33.8 million. The reported crvUSD price was $0.9991, while minting fees came to 14,900 crvUSD, down 2.6% from the previous week.

The update also tracked scrvUSD-related figures. Its yield was shown at 1.5%, up 0.2%, while scrvUSD’s share in circulation fell 4.9% to 43.1%.

Yield rankings remain concentrated on Ethereum

Curve’s top unboosted USD yields, calculated with a $100,000 TVL minimum, were again dominated by Ethereum pools. The sUSG/reUSD pool ranked first at 18.0%, followed by USD3/scrvUSD at 12.5% and MUSD/USDC/USDT at 9.2%. Other listed Ethereum markets included frxUSD/USDC at 8.5% and frxUSD/sGho at 7.8%.

For BTC and ETH exposure, the ETH/ETHx market on Ethereum led at 5.4%, ahead of alETH/WETH on Arbitrum at 4.6%. Among BTC markets, WBTC/cbBTC/hemiBTC on Ethereum posted 3.3%, while Monad’s cbBTC/WBTC/LBTC was listed at 1.4%.

On the lending side, the highest supply rate in the published table was crvUSD/fxSAVE on Ethereum at 6.8%. Optimism’s USDC/wstETH and USDC/WBTC markets followed at 5.3% and 5.1%, respectively.

DEX activity softens as fees edge higher

Curve’s DEX metrics were mixed for the week. TVL slipped 0.7% to $1.43 billion and trading volume fell 24.9% to $536 million, but the number of swaps rose 20.9% to 459,000. Total fees increased slightly, up 0.9% to $237,000.

Among pool-level changes, DAI/USDC/USDT remained the largest stableswap pool at $54.2 million, ahead of USDG/USDC at about $47.7 million and WETH/weETH at roughly $24.4 million. DOLA/sUSDe, OETH/WETH and crvUSD/WBTC were the biggest TVL gainers, while NUSD/USDC saw a $3.51 million exit. In volume terms, USDG/USDC, USD1/USDC/USDT and trUSD/USDC posted gains, while USDC/sUSDat recorded a $117 million decline.

DAO changes and upcoming governance process

The DAO section showed veCRV distribution at $41,600, down 41.8%, while circulating CRV supply increased 0.1% to 1.55 billion. veCRV stood at 781 million, down 0.2%, and veCRV APR was listed at 1.088%. Weekly CRV emissions were valued at $529,000, equal to 2.22 million CRV, while the inflation rate was reported at 4.799%.

Curve also said eight non-binding preference votes on risk-provider candidates had opened. Alongside the newly launched svZCHF/crvUSD lending market and the mining-epoch transition, those votes are one of the next concrete governance items identified in the weekly update.

Source: news.curve.finance