FRAX DeFi Yields
The highest honest FRAX yield right now is 8.61% on fraxlend (Ethereum), among 35 pools above the $100K TVL floor. Rates are live from DefiLlama and exclude anomalous (>1000% APY) pools.
35 live pools above the $100K TVL floor · ranked by TVL
Pool data verified from DefiLlama at generation time: October 18, 2026. Rates change continuously.
FRAX's largest live pool is curve-dex on Ethereum at 2.91% ($34.04M TVL). 35 FRAX pools across 6 chains clear this page's $100K TVL floor, $99.75M in total.
Your idle FRAX could earn ~2.63% — park $9.1K and it could run a $20/mo Claude Pro subscription, forever.
See live FRAX pools →| Protocol | Chain | APY | TVL |
|---|---|---|---|
| curve-dex → | Ethereum | 2.91% | $34.04M |
| convex-finance → | Ethereum | 4.20% | $33.93M |
| frax → | Fraxtal | 1.80% | $2.95M |
| curve-dex → | Ethereum | 4.38% | $1.99M |
| frax → | Ethereum | 1.39% | $1.89M |
| frax → | Fraxtal | 0.72% | $1.36M |
| fraxlend → | Ethereum | 8.61% | $911.8K |
| curve-dex → | Ethereum | 2.34% | $861.1K |
Rate stability from APY history
Based on APY history only, FRAX's lower-variability candidates are frax (Fraxtal), 1.80% APY, $2.95M TVL, https://www.defi.garden/?pool=4966c7ac-99d8-449d-97c9-37bdc9858b07#src=seo_token; curve-dex (Ethereum), 4.38% APY, $1.99M TVL, https://www.defi.garden/?pool=3f6aa14f-eb0c-4738-bf74-8bc666f7d2b1#src=seo_token; fraxlend (Ethereum), 8.61% APY, $911.8K TVL, https://www.defi.garden/?pool=e17d2238-b264-4cc3-a1df-d090f6ba4194#src=seo_token; frax (Ethereum), 1.39% APY, $1.89M TVL, https://www.defi.garden/?pool=0635869c-31a6-47da-95e5-c75af405c84a#src=seo_token; convex-finance (Ethereum), 4.20% APY, $33.93M TVL, https://www.defi.garden/?pool=5fac4a47-5360-49b7-8b61-66f88a3d939f#src=seo_token; curve-dex (Ethereum), 2.91% APY, $34.04M TVL, https://www.defi.garden/?pool=12ca9565-0369-404e-b209-631305e4012a#src=seo_token; frax (Fraxtal), 0.72% APY, $1.36M TVL, https://www.defi.garden/?pool=80a19d30-a586-44ea-82b0-03cf63290a79#src=seo_token; curve-dex (Ethereum), 2.34% APY, $861.1K TVL, https://www.defi.garden/?pool=9cced191-ad6f-4fab-b1c1-3ba2d15ccf0f#src=seo_token. This comparison does not measure protocol, exploit, depeg, liquidity, governance, or principal-loss risk.
| Rank | Protocol | Chain | APY | TVL |
|---|---|---|---|---|
| 1 | frax → | Fraxtal | 1.80% | $2.95M |
| 2 | curve-dex → | Ethereum | 4.38% | $1.99M |
| 3 | fraxlend → | Ethereum | 8.61% | $911.8K |
| 4 | frax → | Ethereum | 1.39% | $1.89M |
| 5 | convex-finance → | Ethereum | 4.20% | $33.93M |
| 6 | curve-dex → | Ethereum | 2.91% | $34.04M |
| 7 | frax → | Fraxtal | 0.72% | $1.36M |
| 8 | curve-dex → | Ethereum | 2.34% | $861.1K |
How this rate has behaved
FRAX shows up in 8 pools here, with rates from 0.72% to 8.61% APY across 2 chains — the rate depends on which protocol and chain you pick, not just the token.
8 of these 8 pools have a trustworthy 30-day average on file, with a median of 2.85% — a useful check against today's number for whether the rate is steady or just having a good day.
4 of 8 pools blend in incentive or reward APY on top of the base rate. Incentive yield decays over time as reward programs run down — the base rate is the more durable number.
4 of 8 pools carry impermanent-loss risk, meaning a two-sided position can lose value against just holding, even while it earns yield.
| Protocol | APY | 30d Mean APY | Yield mix |
|---|---|---|---|
| curve-dex | 2.91% | 2.71% | 100.00% incentives |
| convex-finance | 4.20% | 4.08% | 100.00% incentives |
| frax | 1.80% | 1.57% | Base rate |
| curve-dex | 4.38% | 4.43% | 99.09% incentives |
| frax | 1.39% | 2.99% | Base rate |
| frax | 0.72% | 0.54% | Base rate |
| fraxlend | 8.61% | 8.68% | Base rate |
| curve-dex | 2.34% | 2.53% | 0.00% incentives |
The 30-day average comes straight from DefiLlama and only appears when it passes the same sanity rail as every other number on this page — a dash means it didn't clear that bar, not that it's being hidden. Every pool here already clears a $100K minimum TVL. Rates move daily, so treat this as a snapshot, not a promise.
Frequently asked questions
What's the highest FRAX yield today?
8.61% APY on fraxlend (Ethereum), based on live DefiLlama data.
How many FRAX pools clear the TVL floor?
35 live pools clear this page's $100K TVL floor, $99.75M in total.
Are these rates safe?
Pools listed on this page clear a $100K minimum TVL and exclude anomalous (>1000% APY) rates — that is this page's listing bar, not a safety guarantee. This is education, not financial advice; DeFi carries smart-contract and market risk regardless of the rate shown.
Which FRAX pools have the most stable APY history?
Based on APY history only, FRAX's lower-variability candidates are frax (Fraxtal), 1.80% APY, $2.95M TVL, https://www.defi.garden/?pool=4966c7ac-99d8-449d-97c9-37bdc9858b07#src=seo_token; curve-dex (Ethereum), 4.38% APY, $1.99M TVL, https://www.defi.garden/?pool=3f6aa14f-eb0c-4738-bf74-8bc666f7d2b1#src=seo_token; fraxlend (Ethereum), 8.61% APY, $911.8K TVL, https://www.defi.garden/?pool=e17d2238-b264-4cc3-a1df-d090f6ba4194#src=seo_token; frax (Ethereum), 1.39% APY, $1.89M TVL, https://www.defi.garden/?pool=0635869c-31a6-47da-95e5-c75af405c84a#src=seo_token; convex-finance (Ethereum), 4.20% APY, $33.93M TVL, https://www.defi.garden/?pool=5fac4a47-5360-49b7-8b61-66f88a3d939f#src=seo_token; curve-dex (Ethereum), 2.91% APY, $34.04M TVL, https://www.defi.garden/?pool=12ca9565-0369-404e-b209-631305e4012a#src=seo_token; frax (Fraxtal), 0.72% APY, $1.36M TVL, https://www.defi.garden/?pool=80a19d30-a586-44ea-82b0-03cf63290a79#src=seo_token; curve-dex (Ethereum), 2.34% APY, $861.1K TVL, https://www.defi.garden/?pool=9cced191-ad6f-4fab-b1c1-3ba2d15ccf0f#src=seo_token. This comparison does not measure protocol, exploit, depeg, liquidity, governance, or principal-loss risk.
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Yields are live from DefiLlama. Pools on this page clear a $100K minimum TVL and exclude anomalous rates — that's this page's listing bar, not a safety guarantee. Education only, not financial advice.
Last updated October 18, 2026
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