728×90 Leaderboard

FreeMedium RiskMonad$CVEVerified

Curvance

Q: What is Curvance?

Curvance is a DeFi lending protocol focused on capital efficiency. Users can deposit yield-bearing assets as collateral that continue earning while borrowed against, with support for high LTVs and isolated markets.

Q: What yields can I earn?

Supply APYs currently range from under 1% on large pools to 7–11%+ on higher-demand markets. Average is roughly 4–5%. High Yield Vaults aim to optimize allocation.

Q: What makes Curvance different?

Productive collateral (yield continues while used), very high LTVs enabled by an efficient auction liquidation system, isolated markets, and auto-rebalancing vaults.

Q: Is there liquidation risk?

Yes. High LTV positions are more sensitive to price moves. The protocol uses dynamic and auction-based liquidations designed to be efficient and lower-cost.

Q: Which chain is Curvance on?

Primarily Monad at present, with a multichain architecture designed for expansion.

Q: Are there lockups?

Standard deposits have no lockups. Positions remain withdrawable subject to market health and any outstanding debt.

Capital-efficient lending protocol that lets users deposit yield-bearing assets as productive collateral, borrow at high LTVs, and keep earning underlying yield while using advanced liquidation and isolated market design.

4/5

Potential

~0–11%+

No lockups for standard deposits. No strict minimums widely advertised.

Start Earning + Bonus Visit official site ↗

Potential

~0–11%+

Risk

Medium Risk

Rating

4/5

Best For

Users who want to borrow against productive collateral or use optimized vaults without sacrificing underlying yield

TVL

~$100–150M

Total Borrowed

~$50M+

Pools / Markets

20+

Avg APY

~4–5%

Audits

Trail of Bits, Spearbit, TrustSec and others; 0 reported protocol exploits

Protocol Overview

Curvance is a lending protocol optimized for capital efficiency. Users deposit assets (including yield-bearing ones) and receive cTokens (ERC-4626). Collateral continues earning its native/external yield while posted. Borrowers can take high LTVs (up to ~97.5% on select assets) thanks to a fast auction-based liquidation engine that captures MEV and reduces liquidation costs. Markets are isolated by thesis/risk profile to limit contagion. Dynamic interest rates adjust with utilization. There are also auto-rebalancing High Yield Vaults and support for looping/leverage strategies.

Available Products

Isolated lending/borrowing markets
Productive collateral (yield continues while borrowed against)
High Yield / auto-rebalancing vaults (e.g. hyAUSD)
One-click leverage / looping
Flash loans and position management tools

Risk Factors

Smart contract risk
Liquidation risk (especially at high LTVs)
Oracle / price feed risk
Utilization and interest rate volatility
Newer chain (Monad) and protocol maturity risk
Bad debt in extreme scenarios (though isolated markets help)

Minimum Deposit / Lock Period

No lockups for core deposits. High LTV positions require active monitoring.

Responsive

💰 Yield Pools & APY

Asset / PoolAPYTVLLockNotes

AUSD / related stables7–11%NoneHigher utilization markets

USDC markets~9–10%NoneVariable

vUSD / large stable pools<1–1%NoneHigh TVL, lower rates

hyAUSD High Yield Vault~4–11%NoneAuto-rebalancing vault

Other LSTs / BTC wrappers0–3%+NoneDepends on demand

🛂 Eligibility Requirements

walletWallet on supported chain (primarily Monad)
token holdSupported collateral/assets
kycNo universal KYC for core usage

Realistic Yields

Realistic supply yields currently range from near-zero on large low-utilization pools to 7–11% on higher-demand stablecoin markets, with an overall average around 4–5%. The High Yield Vaults aim to optimize this automatically. Borrowing at high LTVs enables leveraged strategies but adds meaningful liquidation risk. Best viewed as a capital-efficient lending layer rather than a pure high-APY farm. Yields are market-driven and will fluctuate with utilization and incentives.

Advantages

Productive collateral — keep earning yield while borrowing against assets
Very high LTVs on select assets (up to ~97.5%)
Isolated markets reduce contagion risk
Efficient auction-based liquidations with MEV recapture
Auto-rebalancing High Yield Vaults for simpler yield
Dual-oracle and price guard mechanisms
Multiple audits and reported zero exploits
Designed for capital efficiency and one-click strategies

Risks

High leverage increases liquidation risk
Newer protocol and primarily on Monad
Dynamic rates can spike with high utilization
Oracle and market isolation still carry residual risks
Complexity of looping/leveraged strategies
Incentive/reward sustainability over time
Liquidity and exit conditions depend on market health

How to Start Earning

1
Connect wallet
2
Deposit into market or vault
3
Earn supply interest + incentives
4
Borrow against productive collateral if wanted
5
Manage or exit positions

Common Questions

What is Curvance?

Curvance is a DeFi lending protocol focused on capital efficiency. Users can deposit yield-bearing assets as collateral that continue earning while borrowed against, with support for high LTVs and isolated markets.

What yields can I earn?

Supply APYs currently range from under 1% on large pools to 7–11%+ on higher-demand markets. Average is roughly 4–5%. High Yield Vaults aim to optimize allocation.

What makes Curvance different?

Productive collateral (yield continues while used), very high LTVs enabled by an efficient auction liquidation system, isolated markets, and auto-rebalancing vaults.

Is there liquidation risk?

Yes. High LTV positions are more sensitive to price moves. The protocol uses dynamic and auction-based liquidations designed to be efficient and lower-cost.

Which chain is Curvance on?

Primarily Monad at present, with a multichain architecture designed for expansion.

Are there lockups?

Standard deposits have no lockups. Positions remain withdrawable subject to market health and any outstanding debt.

Similar Tools

Kamino Finance

freeMed RiskSolana

Solana’s leading lending, liquidity, and leverage protocol offering automated vaults, one-click Multiply strategies, curated yield, and growing RWA/institutional products.

4.4/5

~2–12%+

EtherFi Cash Earn / Liquid Vaults

freeLow RiskEthereum

Automated DeFi strategy vaults from ether.fi that put ETH, BTC, stablecoins, EUR, and RWAs to work across top protocols while staying liquid and usable with the ether.fi Cash card.

4.3/5

1.6–8.4%+ APY

Maple Finance

freeMed RiskEthereum (primary), with multi-chain presence/integrations (Solana, Base, Monad, etc. for syrup assets)

On-chain institutional credit marketplace offering permissionless access (via syrupUSDC/syrupUSDT/syrupUSDG) to yield from overcollateralized loans to vetted institutional borrowers.

4.3/5

~4–6%