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

▲ SHORT-VOL CARRY Grade C

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

You're being paid 3.38% to absorb price risk. Only ~1.38% of it is real fees (the other ~59% is decaying emissions) — and they stop covering impermanent loss if USDC-WBTC-WETH diverges more than ±40%.

REAL 41%

EMISSIONS 59%

Real fee/staking yield: 1.38% · token emissions: 59% of the headline.

👜 Would you be better off just holding?

Break-even fact: a ±40% move in USDC-WBTC-WETH erases a full year of the fees you actually keep (~1.38%). Whether that move happens is up to the market — but any emissions inflating the headline will fade regardless.

Headline APY

3.38%

Real yield (fees)

1.38%

TVL

$5.8M

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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