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Aave V3 has been deployed on Monad
BlockBeats news. On July 3, Aave deployed its V3 lending protocol on Monad. The initial market supports a total of 12 assets: USDT0, USDC, Aave stablecoin GHO, USDe, mUSD, AUSD, WETH, cbBTC, wstETH, weETH, syrupUSDC, and sUSDe.
In this deployment, Aave for the first time enabled the Chainlink Smart Value Recovery (SVR) mechanism at launch, which can return part of the MEV value generated during the liquidation process to the protocol. The Monad Foundation will allocate $15 million as incentive funds within the first 12 months after the project starts, and has agreed to buy 10 million GHO and hold it for at least six months. Aave DAO also committed 500,000 GHO as incentives to support applications on Monad.