# MegaETH Incentives Live On Aave

*Aave V3 MegaETH market launches incentives for USDm, with USDe deposits already exceeding $100 million.*

By [ETH Daily](https://ethdaily.io) · 2026-04-30

news, 2026, april2026, aave, megaeth, usdm, usde, ethena, defi, lending, stablecoins

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Incentives are [now live](https://x.com/alphaleaked/status/2049971495124795490) for USDm on the Aave V3 [MegaETH](https://ethdaily.io/879) market. The market supports both USDm and Ethena's USDe stablecoin, with USDe already seeing over $100 million in deposits. Users can supply USDe as collateral to borrow USDm, earning a promotional rate of about 3% APY.

Over 342 million USDm has been deposited into the market so far. Aave is also planning to increase USDe deposit caps to a target of $500 million on the market. MegaETH is a high-performance Ethereum-compatible chain launched in February 2026.

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Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.

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*Originally published on [ETH Daily](https://ethdaily.io/megaeth-aave-usdm-incentives-live)*