Aave V3 has been deployed on Mainnet

BlockBeats News, July 3rd, Aave has deployed the V3 lending protocol on Monad, with initial market support for 12 assets: USDT0, USDC, Aave's stablecoin GHO, USDe, mUSD, AUSD, WETH, cbBTC, wstETH, weETH, syrupUSDC, and sUSDe.

In this deployment, Aave has integrated the Chainlink Smart Value Recovery (SVR) mechanism from the outset, which redistributes a portion of MEV value generated during liquidations back to the protocol. The Monad Foundation will provide $15 million in incentive funds for the first 12 months post-launch and has agreed to purchase 10 million GHO tokens to hold for at least six months; the Aave DAO has also committed to contribute 500,000 GHO tokens as incentives to support applications on Monad.