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With a total of 6,499 unique accounts receiving esINIT rewards, Stage 4 of VIP has officially concluded. The rewards have been distributed. Here are some highlights from this stage 👇 1. Highest Claimed Account The top individual reward this epoch was 46,404 esINIT, earned entirely through @EchelonMarket. This user made full use of lending, borrowing, and liquidity strategies to climb to the top. 2. Biggest Voting Growth @kamigotchiworld had the most dramatic increase in gauge voting rewards, growing from 49K in Stage 3 to 75K in Stage 4 — all without any Cabal bribes. As Cabal enters the picture in Stage 5, will Yominet’s rewards soar even higher? 📈 A true organic growth moment in the age of incentives. 3. Most Rollups Used (Cross-Ecosystem Farmer) One VIP power user received rewards from 9 different rollups, including: @civitiaorg, @milky_way_zone, @EchelonMarket, @RAVE__Trade, @infinityg_ai , @embrdotfun, @rena_labs, @intergaze_xyz, and @Inertia_fi . The strategy? Diversification + high intent. This account showed that playing across the entire Initia ecosystem can seriously pay off. 4. @kamigotchiworld Whale Watch One account earned 9,296 esINIT this stage on Yominet, after burning a staggering 1,497,187 VIPP. According to Minity, they’ve now accumulated: 11,234 esINIT just from Yominet 37,224 esINIT total Most of it already locked. An elite Kami collector, and a long-term player. 5. VIP Updates to Watch a. Echelon is Changing Starting in Stage 5, @EchelonMarket is adjusting its VIP reward allocation to support new assets and borrowing dynamics: ▪️ USDC Suppliers: 50% => 30% ▪️ INIT Suppliers: 24% => 32.5% ▪️ milkINIT: 1%=> 1.25% ▪️ USDC Borrowers: 25% => 15% ➕ INIT Borrowers: 20% ➕ sxINIT: 1% ➕ deINIT: 0.25% 📌 More borrowing options, more aligned incentives, more LST support. b. Cabal Bribes Proving Effective In Stage 4, Cabal bribes totaled $12,848, translating into +37,307 esINIT allocated with 6.66% voting power. This helped @EchelonMarket retain its top spot in rewards. Looking ahead, Stage 5 already shows Cabal-backed voting power hitting 15.35%, unlocking an additional +86,752 esINIT. We’re entering a new phase of bribe-boosted governance, where political coordination is as important as protocol design. Stage 4 was a turning point. Players are mastering the system. Ecosystem coordination is ramping up. And governance incentives are becoming more dynamic than ever. VIP is working. Initia.

We’re very excited about the managed vaults on @mars_protocol! If you're interested in becoming a vault manager, Hydro can help bring the liquidity 🌊

deINIT is now live on Echelon’s Core Market on @Initia. Built by @dropdotmoney, deINIT wraps a staked INIT–USDC LP into a single, yield-bearing asset. Supply deINIT to earn dual rewards and boosted esINIT through Initia’s VIP program.