Two new lending markets launched this week.
→ Aave on Monad: $116M deposits, $48M borrows. Most stablecoin deposits earn ~6.7% APY, partly subsidized by Monad.
→ Morpho on Robinhood Chain: $11.4M deposits, $10.3M borrows across isolated markets. The Steakhouse USDG vault backing it holds $15M total ($4M idle). Native vault APY sits at 1.72%; the delta to the 7% advertised (5.28%) will be subsidized by Morpho.