Cabal, a protocol based on Initia L1, completes $3 million in financing, with Hack VC and others participating

Odaily News Cabal, a protocol built on Initia L1, announced on X that it has completed a $3 million financing, with Hack VC, Delphi Ventures, Nascent and others participating in the investment.
According to reports, Cabal is inspired by Curve Wars and aggregates VIP rewards and governance capabilities by allowing users to deposit INIT and LP tokens to obtain liquid, governable wrappers. Cabal aims to maximize the benefits of INIT holders while improving the liquidity, visibility and rewards of rollups.