FRAX DeFi Yields
The highest honest FRAX yield right now is 6.55% on curve-dex (Ethereum), among 37 pools above the $100K TVL floor. Rates are live from DefiLlama and exclude anomalous (>1000% APY) pools.
37 live pools above the $100K TVL floor · ranked by TVL
FRAX's largest live pool is curve-dex on Ethereum at 3.37% ($34.03M TVL). 37 FRAX pools across 2 chains clear this page's $100K TVL floor, $99.92M in total.
Your idle FRAX could earn ~2.51% — park $9.6K and it could run a $20/mo Claude Pro subscription, forever.
See live FRAX pools →| Protocol | Chain | APY | TVL |
|---|---|---|---|
| curve-dex → | Ethereum | 3.37% | $34.03M |
| convex-finance → | Ethereum | 5.10% | $33.92M |
| frax → | Fraxtal | 1.41% | $2.94M |
| uniswap-v3 → | Ethereum | 1.27% | $2.62M |
| curve-dex → | Ethereum | 6.55% | $1.86M |
| frax → | Ethereum | 7.26% | $1.76M |
| uniswap-v3 → | Ethereum | 1.65% | $1.56M |
| frax → | Fraxtal | 0.23% | $1.37M |
Rate stability from APY history
Based on APY history only, FRAX's lower-variability candidates are uniswap-v3 (Ethereum), 1.27% APY, $2.62M TVL, https://www.defi.garden/?pool=674bdd49-b1cc-4345-b75e-5bd7df953838&src=seo_token; uniswap-v3 (Ethereum), 1.65% APY, $1.56M TVL, https://www.defi.garden/?pool=d371fc69-9a77-4336-a129-ec79c9548266&src=seo_token; frax (Fraxtal), 1.41% APY, $2.94M TVL, https://www.defi.garden/?pool=4966c7ac-99d8-449d-97c9-37bdc9858b07&src=seo_token; curve-dex (Ethereum), 6.55% APY, $1.86M TVL, https://www.defi.garden/?pool=3f6aa14f-eb0c-4738-bf74-8bc666f7d2b1&src=seo_token; frax (Ethereum), 7.26% APY, $1.76M TVL, https://www.defi.garden/?pool=0635869c-31a6-47da-95e5-c75af405c84a&src=seo_token; convex-finance (Ethereum), 5.10% APY, $33.92M TVL, https://www.defi.garden/?pool=5fac4a47-5360-49b7-8b61-66f88a3d939f&src=seo_token; curve-dex (Ethereum), 3.37% APY, $34.03M TVL, https://www.defi.garden/?pool=12ca9565-0369-404e-b209-631305e4012a&src=seo_token; frax (Fraxtal), 0.23% APY, $1.37M TVL, https://www.defi.garden/?pool=80a19d30-a586-44ea-82b0-03cf63290a79&src=seo_token. This comparison does not measure protocol, exploit, depeg, liquidity, governance, or principal-loss risk.
| Rank | Protocol | Chain | APY | TVL |
|---|---|---|---|---|
| 1 | uniswap-v3 → | Ethereum | 1.27% | $2.62M |
| 2 | uniswap-v3 → | Ethereum | 1.65% | $1.56M |
| 3 | frax → | Fraxtal | 1.41% | $2.94M |
| 4 | curve-dex → | Ethereum | 6.55% | $1.86M |
| 5 | frax → | Ethereum | 7.26% | $1.76M |
| 6 | convex-finance → | Ethereum | 5.10% | $33.92M |
| 7 | curve-dex → | Ethereum | 3.37% | $34.03M |
| 8 | frax → | Fraxtal | 0.23% | $1.37M |
How this rate has behaved
FRAX shows up in 8 pools here, with rates from 0.23% to 7.26% 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 1.63% — a useful check against today's number for whether the rate is steady or just having a good day.
3 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 | 3.37% | 2.77% | 98.52% incentives |
| convex-finance | 5.10% | 4.58% | 99.02% incentives |
| frax | 1.41% | 1.26% | Base rate |
| uniswap-v3 | 1.27% | 1.50% | Base rate |
| curve-dex | 6.55% | 5.80% | 86.26% incentives |
| frax | 7.26% | 1.76% | Base rate |
| uniswap-v3 | 1.65% | 0.19% | Base rate |
| frax | 0.23% | 0.15% | Base rate |
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?
6.55% APY on curve-dex (Ethereum), based on live DefiLlama data.
How many FRAX pools clear the TVL floor?
37 live pools clear this page's $100K TVL floor, $99.92M 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 uniswap-v3 (Ethereum), 1.27% APY, $2.62M TVL, https://www.defi.garden/?pool=674bdd49-b1cc-4345-b75e-5bd7df953838&src=seo_token; uniswap-v3 (Ethereum), 1.65% APY, $1.56M TVL, https://www.defi.garden/?pool=d371fc69-9a77-4336-a129-ec79c9548266&src=seo_token; frax (Fraxtal), 1.41% APY, $2.94M TVL, https://www.defi.garden/?pool=4966c7ac-99d8-449d-97c9-37bdc9858b07&src=seo_token; curve-dex (Ethereum), 6.55% APY, $1.86M TVL, https://www.defi.garden/?pool=3f6aa14f-eb0c-4738-bf74-8bc666f7d2b1&src=seo_token; frax (Ethereum), 7.26% APY, $1.76M TVL, https://www.defi.garden/?pool=0635869c-31a6-47da-95e5-c75af405c84a&src=seo_token; convex-finance (Ethereum), 5.10% APY, $33.92M TVL, https://www.defi.garden/?pool=5fac4a47-5360-49b7-8b61-66f88a3d939f&src=seo_token; curve-dex (Ethereum), 3.37% APY, $34.03M TVL, https://www.defi.garden/?pool=12ca9565-0369-404e-b209-631305e4012a&src=seo_token; frax (Fraxtal), 0.23% APY, $1.37M TVL, https://www.defi.garden/?pool=80a19d30-a586-44ea-82b0-03cf63290a79&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 September 2, 2026
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