Aave has deployed its V3.7 lending protocol on Monad, listing 12 assets and activating its native GHO stablecoin on the high-throughput Layer 1 network. The Monad Foundation is committing $15 million in first-year incentives to jumpstart liquidity and adoption.
What the deployment looks like
The Aave V3.7 instance on Monad supports 12 assets, including USDC, USDT0, and GHO. These assets have been activated in specified efficiency modes, or eModes, which allow users to borrow at higher loan-to-value ratios when their collateral and borrowed assets are correlated in price.
Alongside the lending protocol, GHO, Aave’s native stablecoin, will go live on Monad to support borrowing and liquidity functions. The stablecoin has previously expanded to Base and Arbitrum since its initial introduction in mid-2023, and the Monad deployment follows that same cross-chain playbook.
10 million GHO tokens will be acquired and held for over six months as part of a broader effort to seed liquidity on the platform.
