Woofun AI reports that Aave has deployed its V3 lending protocol on the Monad network. The initial market supports 12 assets, including USDT0, USDC, GHO, USDe, mUSD, AUSD, WETH, cbBTC, wstETH, weETH, syrupUSDC, and sUSDe. This deployment introduces the Chainlink Smart Value Recovery mechanism from launch, returning MEV value from liquidations to the protocol.

Governance documents indicate the Monad Foundation will provide $15 million in incentives during the first 12 months and purchase 10 million GHO tokens for a minimum six-month hold.

Additionally, the Aave DAO committed 500,000 GHO tokens to support applications on Monad.