Aave launched its V3 lending protocol on Monad with 12 supported assets as the network commits $15 million in first-year incentives to build liquidity and adoption.
Decentralized finance (DeFi) platform Aave has deployed its V3 lending protocol on Monad, expanding the layer-1 blockchain’s lending ecosystem with support for 12 assets at launch.&
On Thursday, Aave announced that the initial market supports USDT0, USDC, Aave’s GHO stablecoin, USDe, mUSD, AUSD, WETH, cbBTC, wstETH, weETH, syrupUSDC and sUSDe. It is also Aave's first deployment with Chainlink Smart Value Recapture enabled from day one, allowing part of the value generated from liquidations to be redirected back to the protocol.
The deployment expands Aave’s multichain lending network while giving Monad users and developers access to an established borrowing market, Aave’s GHO stablecoin and liquidity incentives intended to support early adoption.&
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