Aave V3 and GHO Stablecoin Arrive on Monad

Aave has officially launched its V3 lending protocol on the Monad network. This expansion introduces 12 different assets to the platform, allowing users to start lending and borrowing in this new environment.

To jumpstart activity, the Monad network is backing the launch with 15 million dollars in incentives scheduled for the first year. These rewards aim to pull liquidity into the ecosystem and encourage early adoption among traders and developers.

This move adds the GHO stablecoin to the Monad network, giving users more ways to manage their holdings. Keep an eye on how quickly these incentive programs attract total value locked to the new protocol over the coming weeks.