Babylon Foundation: To Deposit $3 Million USDT into Aave to Demonstrate Support for DeFi
The Babylon Foundation tweeted that it will deposit $3 million worth of USDT into Aave—$2 million allocated to V3 and $1 million to V4—to demonstrate its support for and confidence in Aave and DeFi. The Babylon Foundation stated that any interest generated from this deposit will be returned to the Aave ecosystem via the Aave x Babylon integration incentive, supporting ecosystem recovery at present and driving future adoption. The Babylon Foundation also noted that native Bitcoin integration into DeFi is one of its core strategic directions.
