Rollup integrated network Initia launches a new project Cabal, based on the Initia VIP, supporting the aggregation of VIP rewards and governance power. Cabal has received a $3 million investment from Delphi Digital, Nascent, and Hack VC. Initia is a full-chain Rollup network designed to connect all Rollups, creating a Layer1 + Layer2 cross-chain world. The Initia VIP program aims to address incentive mechanism issues in the multi-chain ecosystem and promote healthy ecological development.

<div><p>According to TechFlow, the Rollup integration network Initia announced the launch of a new project, Cabal. The project is built on Initia VIP and allows users to deposit INIT and LP tokens to generate liquid, governance-supported packaged assets, thereby aggregating VIP rewards and governance power. At the same time, through a bribery mechanism, it encourages Minitias to actively participate in ecosystem construction and enhance Initia's overall value capture capabilities.</p><p>Earlier news, Cabal has received US$3 million in financing from Delphi Digital, Nascent and Hack VC.</p><p>It is reported that Initia is a full-chain Rollup network with a complete technology stack, which aims to connect all Rollups and create a Layer1 + Layer2 world of interconnected chains. The Initia VIP program aims to solve the problems of inconsistent dApp incentive mechanisms, insufficient utilization of native tokens, and inefficient incentive/subsidy allocation at the protocol layer in the multi-chain ecosystem, coordinate the interests of various participants in the protocol, and promote the healthy development of the ecosystem.</p></div>

Rollup integrated network Initia launches Cabal project: supporting VIP rewards and governance rights