L1's construction of the Cabal protocol has completed a $3 million financing round, with participation from Delphi Digital and others
The Initia-based L1 construction protocol, Cabal, has completed a $3 million financing round with participation from Delphi Digital, Nascent and HackVC. Inspired by Curve Wars, Cabal aggregates VIP rewards and governance power through its Layer 1 structure built on Initia by allowing users to deposit INIT and LP tokens in exchange for liquid, governable wrappers.
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