Ask about Cabal · freeTotal Value Locked$2.68m
TVL by Chain
Initia$2.05m
Strat$503,040
Cabal$127,616
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
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 GitHubCompetitors
Cabal history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jul 27, 2025 to Oct 23, 2026.
All-time high TVL: $3.84m on Jun 1, 2026. All-time low TVL: $626,745 on Feb 6, 2026.
Daily TVL, Sep 24, 2026 to Oct 23, 2026
| Date | TVL |
|---|---|
| Sep 24, 2026 | $2.08m |
| Sep 25, 2026 | $2.24m |
| Sep 26, 2026 | $2.23m |
| Sep 27, 2026 | $2.16m |
| Sep 28, 2026 | $2.09m |
| Sep 29, 2026 | $2.08m |
| Sep 30, 2026 | $2.27m |
| Oct 1, 2026 | $2.33m |
| Oct 2, 2026 | $2.32m |
| Oct 3, 2026 | $2.39m |
| Oct 4, 2026 | $2.44m |
| Oct 5, 2026 | $2.51m |
| Oct 6, 2026 | $2.52m |
| Oct 7, 2026 | $2.44m |
| Oct 8, 2026 | $2.49m |
| Oct 9, 2026 | $2.41m |
| Oct 10, 2026 | $2.42m |
| Oct 11, 2026 | $2.51m |
| 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 |
TVL at each month end, Jul 2025 to Oct 2026
| Date | TVL |
|---|---|
| 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 23, 2026 (latest) | $2.68m |
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 Oct 23, 2026, Cabal has $2.68m in total value locked. TVL has increased 27.6% over the past 30 days.
What chains does Cabal operate on?
Cabal operates on 3 chains: Initia, Strat, and Cabal. Initia holds the largest share at 76.5%.
How does Cabal's TVL compare to similar protocols?
Among Governance Incentives protocols tracked by DefiLlama, Cabal ranks #3 by TVL. The category holds $83.88m across 14 protocols, and Cabal accounts for 3.2% of that total. Similar protocols include Mezo Earn, Realms, veDelegate, Service Nervous Systems, Gardens, Hidden Hand, Abacus, weBribe DAO, Rootstock Collective, and Peppercoin.