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Babylon Foundation: Will deposit $3 million USDT into Aave to show support for DeFi
April 27 News, the Babylon Foundation posted on the X platform that the Babylon Foundation will deposit $3 million USDT into Aave, with $2 million allocated to V3 and $31M allocated to V4, as a show of 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 and promote future adoption.