YieldTruth · convex-finance · Ethereum · as of 2026-07-01 05:18 UTC

▲ SHORT-VOL CARRY Grade C

Is the CRVUSD-TBTC-WSTETH yield on convex-finance real?

You're being paid 4.47% to absorb price risk. Only ~1.61% of it is real fees (the other ~64% is decaying emissions) — and they stop covering impermanent loss if CRVUSD-TBTC-WSTETH diverges more than ±44%.

REAL 36%

EMISSIONS 64%

Real fee/staking yield: 1.61% · token emissions: 64% of the headline.

👜 Would you be better off just holding?

Break-even fact: a ±44% move in CRVUSD-TBTC-WSTETH erases a full year of the fees you actually keep (~1.61%). Whether that move happens is up to the market — but any emissions inflating the headline will fade regardless.

Headline APY

4.47%

Real yield (fees)

1.61%

TVL

$3.2M

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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