Cabal completes $3 million financing for L1 construction protocol, with participation from Delphi Digital and others

Golden Finance reported that Cabal, a L1 construction protocol based on Initia, has raised $3 million in funding, with participation from Delphi Digital, Nascent, HackVC, and others. Cabal is built on Layer 1 of Initia, inspired by Curve Wars, and aggregates VIP rewards and governance power by allowing users to deposit Initiat and LP tokens to obtain a liquid, manageable Wrapper.