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Standard Chartered Offers Institutions Direct Access to USDC
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ReadCointelegraphJul 02, 04:59 PM1 min
Aave Launches V3 Lending and GHO Stablecoin on Monad
Aave has deployed its V3 lending protocol and GHO stablecoin on Monad. The network has committed $15 million in first-year incentives to support liquidity and adoption.
What happened?
Aave has deployed its V3 lending protocol and GHO stablecoin on Monad. The network has committed $15 million in first-year incentives to support liquidity and adoption.
Why it matters
Users can access Aave’s V3 lending markets on Monad across the 12 supported assets. GHO’s addition also extends Aave’s stablecoin presence to the network.
Aave has launched its V3 lending protocol on Monad, bringing support for 12 assets and its GHO stablecoin to the network. Monad has committed $15 million in incentives during the first year of the deployment.
The launch expands lending and stablecoin infrastructure available on Monad. The incentive program is intended to help establish liquidity and encourage adoption of the new deployment.
Users can access Aave’s V3 lending markets on Monad across the 12 supported assets. GHO’s addition also extends Aave’s stablecoin presence to the network.
The rollout links one of decentralized finance’s lending protocols with Monad’s developing ecosystem. Its progress will depend on whether the incentives translate into sustained liquidity and usage beyond the initial launch period.
