Mantle ecological DeFi protocol INIT Capital completes US$3.1 million in seed round financing, led by Electric and Mirana

Mantle's liquidity-linked currency market, INIT Capital, announced the completion of a $3.1 million seed round of financing, led by Electric Capital and Mirana Ventures, with participation from BitMEX founder Arthur Hayes and his family's company Maelstrom, Robot Ventures, Nomad Capital, Tangent Ventures, Bankless Ventures, Selini Capital, and Faction. It is reported that this round of financing will be used to enhance INIT's technological capabilities, market strategy, etc., and INIT will also launch a new product called "Looping Hook" on February 28.