ChainThink report, July 2: According to official announcements, Aave has deployed its V3 lending protocol on Monad, with initial market support for 12 assets: USDT0, USDC, GHO, USDe, mUSD, AUSD, WETH, cbBTC, wstETH, weETH, syrupUSDC, and sUSDe.

In this deployment, Aave has enabled Chainlink's Smart Value Recovery (SVR) mechanism from launch, which allows partial MEV value generated during liquidations to be returned to the protocol.

According to Aave governance documents, the Monad Foundation will allocate $15 million in incentive funding over the first 12 months post-launch and has agreed to purchase 10 million GHO tokens, holding them for at least six months;

The Aave DAO has also committed 500,000 GHO as incentives to support applications on Monad.