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Guavy AI Editorial Team••Sentiment: 3.5•Clout: 82

Aave Deploys V3.7 Lending Protocol on Monad with $15M Incentives

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Aave has deployed its V3.7 lending protocol on Monad's Layer 1 blockchain, marking a significant expansion of Aave's DeFi ecosystem.

The deployment supports 12 assets, including USDC, USDT0, and GHO, with the latter being a stablecoin that relies on Chainlink's Cross-Chain Interoperability Protocol (CCIP) for cross-network bridging.

Monad Foundation has committed $15 million in first-year incentives to bootstrap liquidity and adoption, with 10 million GHO tokens locked for over six months to seed initial liquidity on the platform.