According to a report from Deep Tide TechFlow on February 12, the protocol Cabal, based on the Initia Layer 1 network, announced the completion of a $3 million financing round, with investors including Hack, Delphi, and Nascent.
Cabal will serve as the VIP reward system for Initia, allowing users to deposit INIT tokens and liquidity positions to earn yields. This protocol will enable interconnected scrolls to influence the distribution of VIP rewards through incentive mechanisms, aiming to provide returns for INIT token holders and enhance the liquidity of the scroll ecosystem.