Search results for Monad Foundation
Crypto
Aave tops $100 million in deposits on Monad two days after launch
Decentralised lending protocol Aave has surpassed $100 million in deposits on the Monad blockchain, The Block reported on Friday, citing TokenLogic. The milestone came two days after Aave began services on Monad. Monad is an EVM-compatible layer 1 built by former Jump Trading developers. Monad’s total value locked stood at about $359.5 million as of June 8. The deposits include incentives from the Monad Foundation and Aave DAO.
Crypto
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.
Crypto
Andreessen Horowitz opens Seoul office to support portfolio companies\' expansion into Korea
Silicon Valley venture capital firm Andreessen Horowitz (a16z) has officially opened an office in Seoul to support its portfolio companies\' entry into the Korean and broader Asian markets. The firm, which manages about $100 billion in assets, said it will use its global network to support market expansion and growth. The Seoul office will initially focus on crypto, with plans to widen its activities over time.
