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Cabal

Total Value Locked$0

TVL by Chain

Initia$0

Cabal$0

Strat$0

Key Metrics

Total Raised$3m

Feb 12, 2025$3mRound: Investors: Hack VC, Delphi Digital, Nascent, CitizenX, Darren Lau

Protocol Information

Cabal is an incentive layer that automates governance, staking, and reward capture. Users deposit base assets such as INIT or LP tokens to earn boosted yields from governance bribes and staking

WebsiteGitHubX/Twitter
Category:Governance Incentives

Methodology

TVL: TVL is calculated as the sum of: INIT token stakes (sxINIT vault), USDC-INIT LP token stakes (cbl LP vault) on Initia, iUSD holdings across the Cabal iUSD and Delta Neutral INIT EVM vaults on the cabal-1 L2, and the xSLP predeposit vault on the strat-1 L2, converted to its underlying iUSD value (xSLP supply x strat-share ratio x share price).View code on GitHub

Competitors

Mezo Earn ($52.88m)Realms ($11.38m)veDelegate ($568,716)Service Nervous Systems ($317,722)Gardens ($69,386)Hidden Hand ($41,227)Abacus ($1,590)weBribe DAO ($11.63)Citrea StakingEnosys Governance

Cabal history

TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jul 27, 2025 to Nov 14, 2026.

All-time high TVL: $3.84m on Jun 1, 2026. All-time low TVL: $626,745 on Feb 6, 2026.

Daily TVL, Oct 12, 2026 to Nov 14, 2026

DateTVL
Oct 12, 2026$2.5m
Oct 13, 2026$2.52m
Oct 14, 2026$2.57m
Oct 15, 2026$2.62m
Oct 16, 2026$2.83m
Oct 17, 2026$2.62m
Oct 18, 2026$2.59m
Oct 19, 2026$2.64m
Oct 20, 2026$2.59m
Oct 21, 2026$2.65m
Oct 22, 2026$2.67m
Oct 23, 2026$2.68m
Oct 28, 2026$0
Oct 29, 2026$0
Oct 30, 2026$0
Oct 31, 2026$0
Nov 1, 2026$0
Nov 2, 2026$630,582
Nov 3, 2026$2.76m
Nov 4, 2026$2.65m
Nov 5, 2026$2.85m
Nov 6, 2026$2.75m
Nov 7, 2026$2.71m
Nov 8, 2026$2.59m
Nov 9, 2026$2.61m
Nov 10, 2026$3.03m
Nov 11, 2026$0
Nov 12, 2026$0
Nov 13, 2026$0
Nov 14, 2026$0

TVL at each month end, Jul 2025 to Nov 2026

DateTVL
Jul 31, 2025$2.17m
Aug 31, 2025$1.93m
Sep 30, 2025$2.28m
Oct 31, 2025$1.19m
Nov 30, 2025$922,894
Dec 31, 2025$797,921
Jan 31, 2026$1.01m
Feb 28, 2026$846,017
Mar 31, 2026$971,490
Apr 30, 2026$2.52m
May 31, 2026$3.75m
Jun 30, 2026$3.34m
Jul 31, 2026$2.36m
Aug 31, 2026$2.53m
Sep 30, 2026$2.27m
Oct 31, 2026$0
Nov 14, 2026 (latest)$0

The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/cabal

Frequently asked questions

What is Cabal's TVL?

As of Nov 14, 2026, Cabal has $0 in total value locked. TVL has decreased 100% over the past 30 days.

What chains does Cabal operate on?

Cabal operates on 3 chains: Initia, Cabal, and Strat.

How does Cabal's TVL compare to similar protocols?

Among Governance Incentives protocols tracked by DefiLlama, Cabal ranks #9 by TVL. The category holds $65.26m across 14 protocols, and Cabal accounts for 0% of that total. Similar protocols include Mezo Earn, Realms, veDelegate, Service Nervous Systems, Gardens, Hidden Hand, Abacus, weBribe DAO, Citrea Staking, and Enosys Governance.