Monad is now paying $75,000 per week to incentivize liquidity for Agora’s AUSD stablecoin on its network. The boosted incentives, visible on Pendle Finance, represent a meaningful escalation in the chain’s effort to become a serious DeFi destination.
Why AUSD, and why now
Agora’s AUSD is backed 1:1 by US dollars, with reserves held in cash and US Treasury bills. VanEck manages those reserves. Agora raised $50 million in a Series A funding round in July 2025, with Paradigm leading the deal.
The AUSD pool on Pendle carries an October 8, 2026 maturity date, giving liquidity providers a defined window to earn yields. Monad allocated $15 million in incentives alongside the launch of Aave V3 on the network around July 2, 2026. That Aave deployment attracted over $75 million in deposits within its first 24 hours.
Monad’s infrastructure play
