In a recent TechFlow update, Rollup integration network Initia announced the launch of a new project Cabal, based on Initia VIP, allowing users to deposit INIT and LP Tokens to generate Liquidity-strong, governance-supported wrapped assets, aggregating VIP rewards and governance power. Meanwhile, through a bribery mechanism, it encourages Minitias to actively participate in ecological construction, enhancing Initia’s overall value capture capability.
Prior to this, Cabal has secured a $3 million financing from Delphi Digital, Nascent, and Hack VC.
It is reported that Initia is a full-chain Rollup network with a complete technical stack, aimed at connecting all Rollups and creating a Layer1 + Layer2 interconnected world. The Initia VIP plan aims to solve the problems of inconsistent dApp incentive mechanisms in multi-chain ecosystems, underutilization of native Tokens, and inefficient incentive/subsidy allocation at the protocol layer, coordinating the interests of all participants in the protocol and promoting the healthy development of the ecosystem.
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