PYUSD USDS — 0.28% APY Staking Pool

StablecoinMulti-asset

The PYUSD USDS pool on Curve Dex (Ethereum) currently yields 0.28% APY with $100.01M in total value locked. Deposit your PYUSD, USDS and earn passive DeFi yield — no KYC, no lockup, self-custodied.

By APY Hub · Reviewed by Ankit Sharma · Last reviewed: May 2026

Start Earning 0.28%

Pool Statistics

APY

0.28%

Base APY

0.28%

Reward APY

0.00%

TVL

$100.01M

Protocol

Curve Dex

Chain

Ethereum

Tokens

PYUSDUSDS

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APY & TVL History

Historical APY and TVL data for PYUSD USDS, sourced from the DeFiLlama API. Use the charts to assess whether the current yield is a recent spike or a sustained rate. Sudden APY jumps often indicate new incentive programs — verify whether they are ongoing before making deposit decisions.

About PYUSD USDS

The PYUSD USDS pool is a decentralized yield-generating position managed by the Curve Dex protocol on the Ethereum blockchain. Depositors provide PYUSD, USDS liquidity and receive a share of the fees and rewards generated by pool activity — with no intermediaries, no KYC, and full on-chain transparency.

With 0.28% APY and $100.01M in total value locked, this pool represents one of the larger and more established liquidity opportunities in the Ethereum DeFi ecosystem. The TVL figure reflects real user confidence — every dollar locked is a deposit from someone who chose this pool over thousands of alternatives.

How This Pool Generates Yield

Yield in PYUSD USDS comes from two sources: base APY of 0.28% from trading fees and lending activity, and reward APY of 0.00% from Curve Dex protocol incentives paid in governance tokens. The base APY is more sustainable long-term; the reward APY depends on the token price and incentive program duration.

Unlike centralized staking on exchanges, your deposit in PYUSD USDS is secured by Curve Dex's open-source smart contracts on Ethereum. You can verify the exact contract addresses, see every transaction in the pool, and withdraw your position at any time without requiring anyone's permission.

Who Should Use PYUSD USDS?

This pool suits investors who already hold PYUSD, USDS and want to put those assets to work beyond simply holding. As a stablecoin pool, it offers yield without price volatility risk on the principal — ideal for conservative DeFi participants.

How to Stake PYUSD, USDS in Curve Dex

Get Exchange Bonus

Follow these steps to start earning 0.28% APY in the PYUSD USDS pool. The entire process takes 15–30 minutes for first-time DeFi users.

Step-by-Step Guide: Staking PYUSD, USDS in Curve Dex
Step	Action	Details & Tips
1	Buy PYUSD, USDS	Purchase on Bybit, BINGX, or MEXC. Choose the Ethereum network for withdrawal to save bridging fees.
2	Set up a wallet	Install MetaMask or use a Ledger hardware wallet. Add the Ethereum network if not auto-detected.
3	Get Ethereum for gas	Buy a small amount of Ethereum's native token to pay transaction fees (usually $1–10 worth).
4	Connect to Curve Dex	Visit the official Curve Dex app. Bookmark the URL. Never use links from DMs or social media.
5	Approve & deposit	Approve the token spend, confirm the deposit transaction. Yield starts accruing in the next block.
6	Track & harvest	Check back regularly. Some pools require manual reward claims — harvest and reinvest to maximize APY.

Gas Costs and Break-Even

On Ethereum, expect to spend approximately $2–$30 in gas for the deposit and withdrawal transactions combined. At 0.28% APY, a $651786 deposit recovers $5 in gas within a week. Scale your position accordingly — smaller deposits are better suited to low-fee chains.

Risk Assessment — PYUSD USDS

Every DeFi investment involves risk. The table below summarizes the key risk factors specific to the PYUSD USDS pool. Read carefully before depositing.

PYUSD USDS — Full Risk Analysis
Risk Factor	Level	Description
Impermanent Loss	✅ Low/None	Single-asset or stablecoin pool — impermanent loss risk is minimal or non-existent.
Asset Price Risk	🟢 Low	Stablecoin — principal value is stable regardless of crypto market moves.
Exposure Type	🟡 Multi Asset	Multi-asset exposure increases complexity. Understand how the pool rebalances before depositing.
Smart Contract	⚠️ Inherent	All DeFi protocols carry smart contract risk. Curve Dex has processed billions in TVL, suggesting extensive battle-testing.
Liquidity Risk	🟢 Adequate	$100.01M TVL supports normal-size positions without significant slippage.
Protocol Risk	🟢 Established	Curve Dex has sustained significant TVL over time, indicating strong market confidence.

Frequently Asked Questions

What is the current APY for PYUSD USDS?

The current APY for the PYUSD USDS pool on Curve Dex is 0.28%. This rate updates daily based on pool utilization, trading volume, and protocol incentives. Always verify the live rate on the Curve Dex interface before depositing, as rates can shift significantly within hours.

What is the TVL of PYUSD USDS?

The total value locked (TVL) in the PYUSD USDS pool is currently $100.01M. Higher TVL indicates greater user trust and deeper liquidity — larger positions can enter and exit with minimal price impact.

How do I stake in PYUSD USDS?

Acquire PYUSD, USDS on a CEX like Bybit or BINGX, withdraw to a Ethereum-compatible wallet, visit the official Curve Dex interface, connect your wallet, and deposit into the PYUSD USDS pool. Your yield begins accruing immediately.

Is PYUSD USDS safe to use?

Curve Dex is a well-established protocol with significant TVL and a proven track record. As with all DeFi, smart contract risk is inherent. Check Curve Dex's audit history before depositing significant funds.

How do I withdraw from PYUSD USDS?

Connect your wallet to the Curve Dex interface, navigate to your position, and select "Withdraw" or "Remove Liquidity." Your principal plus accrued yield returns to your wallet, minus gas fees on the Ethereum network.

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