YieldTruth · curve-dex · Ethereum · as of 2026-07-01 05:18 UTC

▲ SHORT-VOL CARRY Grade C

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

You're being paid 2.63% to absorb price risk. Only ~1.59% of it is real fees (the other ~40% is decaying emissions) — and they stop covering impermanent loss if USDC-WBTC-WETH diverges more than ±43%.

REAL 60%

EMISSIONS 40%

Real fee/staking yield: 1.59% · token emissions: 40% of the headline.

👜 Would you be better off just holding?

Break-even fact: a ±43% move in USDC-WBTC-WETH erases a full year of the fees you actually keep (~1.59%). Whether that move happens is up to the market — but any emissions inflating the headline will fade regardless.

Headline APY

2.63%

Real yield (fees)

1.59%

TVL

$7.5M

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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