TLDR Tech / Crypto
Aave's Monad Market Tops $100M in Two Days
Aave's Monad market crossed $100M in deposits on Saturday, two days after the lending protocol deployed V3 on the network with support for 12 assets, including USDT0, USDC, GHO, WETH, and cbBTC. The inflows are substantial relative to Monad's overall ecosystem, which held ~$359.5 million in total value locked as of June 8, meaning Aave attracted the equivalent of more than a quarter of that figure in just two days. The Monad Foundation committed $15 million in first-year incentives and agreed to acquire and hold 10 million GHO, while the Aave DAO pledged an additional 500,000 GHO to support the stablecoin's adoption on the network.
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