Aave V3 has officially launched on Mantle Network, bringing its DeFi lending and borrowing infrastructure to the network. The integration will provide core financial services across the Mantle ecosystem, including yield generation based on institutional-grade liquidity, lending and asset management. Aave V3 will support assets ranging from stablecoins to yield-bearing tokens, including USDT0, USDC and WETH. Mantle and Aave will also run a joint incentive programme for 6 months.

MegaETH Foundation will regularly buy MEGA tokens using revenue generated by its USDM stablecoin, The Block reported on Thursday. The move is part of announcements ahead of the mainnet launch. The foundation said USDM demand grows as applications expand, increasing MEGA buybacks. USDM was co-designed by MegaLabs and Ethena and is backed by Ethena’s USDtb, tied to BlackRock’s tokenised BUIDL fund.