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Babylon Foundation Deposits $3 Million USDT in Support of DeFi
On April 27, the Babylon Foundation announced on the X platform that it will deposit $3 million USDT into Aave, with $2 million allocated to V3 and $1 million to V4, demonstrating its support and confidence in Aave and DeFi. Any interest generated from this deposit will be returned to the Aave ecosystem through the Aave x Babylon integration incentives, allowing the same capital to support current recovery efforts while also promoting future adoption.