Babylon is a community-led asset management protocol that enables users to invest in DeFi together. It's built on the Ethereum network and it's non-custodial, transparent, permission-less, and governed by the community. Babylonians can create investment communities (called 'Gardens') and invite people to deposit capital. Members participate in the garden by joining the telegram chat, suggesting investment Strategies and voting on Strategies. Members receive rewards based on their contributions.
TVL of Babylon corresponds to capital locked into each garden (idle capital waiting to be deployed) as well as capital deployed to each strategy of these gardens