Aave V3 deploys on Monad mainnet, supports 12 assets

Aave is deploying its V3 protocol on the Monad mainnet and will support lending services for 12 crypto assets, Cointelegraph reported. The Monad Foundation plans to provide $15 million in incentives over the first 12 months. Additionally, to ensure protocol stability, the foundation has agreed to purchase and hold 10 million GHO for at least six months. The Aave DAO will also contribute its own incentives, adding 500,000 GHO.