Mantle ecological DeFi project INIT Capital announced the completion of a US$3.1 million seed round of financing. Electric Capital and Mirana Ventures co-led the investment, and BitMEX founder Arthur Hayes’ family office Maelstrom, Robot Ventures, Nomad Capital, TANGENT, BanklessVC, Selini Capital and Faction participated in the investment . Pendle Lianchuang (@tn_pendle), Ethena Labs founder Leptokurtic, Aevo Lianchuang Julian, Dragonfly’s Ashwin, MetaStreet founder David Choi, SCB 10X CEO Tai Panich and other investors also participated.

This seed round investment will enhance INIT’s technical capabilities, market strategy and overall position as a major DeFi liquidity layer. INIT also partners with DEXs and DApps to create a one-stop shop for users to access and manage yield strategies. Looping Hook will launch on February 28th.

It is reported that INIT is committed to transforming DeFi liquidity infrastructure through Liquidity Hook to provide users and builders with seamless liquidity access and management as well as asset composability.