Aave V3 has been deployed on Monad

Comparatively, Aave has deployed a V3 loan agreement on Monad, and the initial market supports 12 assets: USDT0, USDC, Aave stablecoin GHO, USDE, mUSD, WETH, CBBTC, wsTEth, weETH, syrupusdc, and susDE.

For the first time in this deployment, Aave launched the Chainlink Intelligent Value Recovery Mechanism (SVR) at the beginning of the launch, which can return part of the MEV value generated during the liquidation process to the agreement. The Monad Foundation will invest $15 million as an incentive within the first 12 months of the project's launch, and agreed to purchase 10 million GHO and hold them for at least six months; Aave DAO also promised to invest 500,000 GHO as incentives to support the application on Monad.