PANews reported on February 12 that according to official news, the revenue generation protocol Cabal announced the completion of US$3 million in financing, with Hack VC, Delphi Ventures, Nascent, CitizenX and others participating in the investment.

According to reports, Cabal is a revenue-generating protocol built on the Layer1 network Initia, which aims to accumulate governance rights and reward VIP users. It allows users to deposit INIT and Enshrined Liquidity positions in exchange for highly liquid, income-generating assets, thereby enhancing participation and rewards in the Initia ecosystem.