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Aave deploys V3 lending protocol and launches GHO stablecoin on Monad

Aave has deployed its V3 lending protocol on Monad and begun supporting 12 assets, including the GHO stablecoin. The Monad Foundation plans to provide $15 million in incentives during the first 12 months after service activation. The deployment applies Chainlink Smart Value Recapture from the start, returning part of value generated during liquidations to the protocol. The Monad Foundation will buy 10 million GHO and hold it for at least six months.