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Aave launches V3 on Monad with 12 assets and $15 million incentives

Aave launches V3 on Monad with 12 assets and $15 million incentives

The deployment adds Aave’s lending market and GHO to Monad, introduces Chainlink SVR from day one, and includes incentive commitments from both the Monad Foundation and Aave DAO.

USDC
LINK
AAVE

Fact Check
The primary Aave governance ARFC confirms deployment of Aave Protocol v3.7 on Monad with exactly 12 assets, a $15M Monad Foundation incentive package over 12 months (plus 10M GHO held >6 months), and 0.5M GHO Aave DAO incentives — matching the claim precisely. Cointelegraph adds that this is Aave's first deployment with Chainlink Smart Value Recapture (SVR) enabled from day one and includes GHO, all consistent with the claim. Crypto Briefing independently corroborates the 12-asset, $15M-incentive deployment. All elements align across primary and secondary sources.
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Summary

Aave has deployed its V3 lending protocol on Monad with an initial market supporting 12 assets, including USDT0, USDC, GHO, WETH, cbBTC and wstETH. The launch pairs the protocol expansion with the Monad Foundation’s pledge of $15 million in incentives and a plan to buy 10 million GHO, while Aave DAO committed 500,000 GHO. The rollout also marks Aave’s first day-one use of Chainlink SVR. The move brings a major decentralized lending market and Aave’s native stablecoin to Monad, where users can typically supply and borrow supported tokens through smart contracts, while incentive programs and stablecoin purchases can help deepen liquidity and encourage early ecosystem activity.

Terms & Concepts
  • Aave V3: A decentralized lending protocol version that lets users supply and borrow supported crypto assets.
  • GHO: Aave’s native stablecoin used within its lending markets and broader decentralized finance activity.
  • Chainlink SVR: A Chainlink service designed to help capture and redistribute value related to oracle-supported liquidations.