Cointelegraph reported that Aave (AAVE) has deployed its V3 protocol on the Monad mainnet, supporting lending services for a total of 12 virtual assets. The Monad Foundation plans to provide $15 million worth of incentives over the first 12 months. Additionally, to ensure protocol stability, it has agreed to purchase and hold 10 million GHO for at least 6 months. The Aave DAO has also decided to inject an additional 500,000 GHO in self-incentives.
