YieldTruth · curve-dex · Ethereum · as of 2026-09-29 06:26 UTC

▲ SHORT-VOL CARRY Grade C

Is the USDT-WBTC-WETH yield on curve-dex real?

You're being paid 2.83% to absorb price risk. Only ~1.73% of it is real fees (the other ~39% is decaying emissions) — and they stop covering impermanent loss if USDT-WBTC-WETH diverges more than ±45%.

REAL 61%

EMISSIONS 39%

Real fee/staking yield: 1.73% · token emissions: 39% of the headline.

👜 Would you be better off just holding?

Break-even fact: a ±45% move in USDT-WBTC-WETH erases a full year of the fees you actually keep (~1.73%). Whether that move happens is up to the market — but any emissions inflating the headline will fade regardless.

Headline APY

2.83%

Real yield (fees)

1.73%

TVL

$14M

Impermanent-loss risk

yes

▶ Open the live interactive verdict

Source: DefiLlama. Verdict is a heuristic over public data, not financial advice.

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