Aave Protocol v3.7 Deployed on Monad, Adding to Network's Growing Lending Market

Aave Protocol v3.7 has been deployed on Monad, adding another lending and borrowing market to this Ethereum Virtual Machine (EVM)-compatible Layer 1 network.

The launch comes as Monad's DeFi Total Value Locked (TVL) approaches $450 million, with Aave's Monad market already surpassing $100 million in total market size after its initial deployment phase. The supported assets include USDT0, USDC, GHO, USDe, mUSD, AUSD, WETH, cbBTC, wstETH, weETH, syrupUSDC, and sUSDe.

The list of supported assets covers stablecoins, ETH liquid staking assets, BTC wrappers, and yield-bearing collateral. This selection is designed to establish a foundation for both asset supply and borrowing activities on Aave.