Curve LP TVL comparison

The total value locked (TVL) in Curve liquidity provider (LP) tokens varies significantly across major decentralized finance protocols Verified Answer #1. For this comparison, Curve-LP TVL is defined as the USD value deposited into a protocol where the strategy asset is a Curve DEX liquidity-pool token Verified Answer #1.

Protocol TVL Comparison

The following figures represent the approximate USD value of Curve DEX LP tokens deposited in each protocol Verified Answer #1:

Convex Finance holds approximately 16.0 times the Curve-LP TVL of Yearn Finance Verified Answer #1. Stake DAO holds approximately 5.2 times the amount held by Yearn Finance Verified Answer #1. Convex Finance maintains roughly 3.1 times the Curve-LP TVL of Stake DAO Verified Answer #1.

Yearn Finance Breakdown

Yearn Finance's total of approximately $22.8 million is derived from its active LP-token vaults Verified Answer #1. Major contributors to this total include the following vaults Verified Answer #1:

Remaining Curve LP vaults account for approximately $6.32 million of Yearn's total Verified Answer #1.

Data Exclusions and Overlap

These figures represent gross platform balances rather than mutually exclusive market shares Verified Answer #1. Some capital from Yearn and Stake DAO is subsequently routed through Convex, meaning these totals should not be added together to determine unique Curve capital Verified Answer #1. The calculation excludes single-token liquid-locker products like yCRV, sdCRV, and cvxCRV, as well as governance-token staking and Curve LlamaLend positions Verified Answer #1. Non-Curve products, such as those from Balancer, Velodrome, or Pendle, are also excluded from these specific TVL metrics Verified Answer #1.