xINIT and sxINIT
What is xINIT?
When users deposit INIT into Cabal, they receive xINIT, a liquid staking token that represents staked INIT within Cabal. The underlying INIT is locked for 2 years to maximize governance power and VIP emissions.
xINIT is a bridge asset that is primarily staked in Cabal as sxINIT to earn rewards. Alternatively, it can be paired with INIT in liquidity pools.
What is sxINIT?
sxINIT is the yield-bearing version of xINIT. Users can stake xINIT to receive sxINIT, which accrues rewards from:
Staking Yield: Base network staking rewards
Bribe Yield: Governance bribes from VIP voting
Additional Incentives: Airdrops, points programs, or other accrued yield
sxINIT earns the highest yield among Initia LSTs due to its integration with VIP. Cabal is built directly on Initia L1, enabling it to capture governance bribes—a yield source unavailable to other staking solutions. Learn more about bribing.
If unstaked, sxINIT requires a 21-day unbonding period to convert back into xINIT.