Init Q4 updates summarized below: @Initia 1. VIP (Vested Interest Program) Phase 8 will launch in Q4, with higher reward allocations and an expanded range of eligible appchains/projects. 2. Cabal Bribe Match Program Expansion (Q4 2025) The Bribe-Match program collaboration between Initia and Cabal will be expanded to enhance incentives for governance participants. In other words, when participating in governance activities like appchain voting, there will be a matching bribe incentive mechanism. 3. Liquidity mechanism upgrade coming (2026) A liquidity mechanism upgrade called 'Enshrined Liquidity' is on the agenda, aiming to improve capital efficiency, expand whitelisted asset pairs, and optimize cross-Rollup swap functionalities. ———————————————————— 1. From the roadmap, Init seems to be focusing on ecosystem development, which could be a path for projects aiming for pricing-level goals. 2. From the candlestick chart, $0.41 is the upper boundary of the range. If accumulation between $0.30-$0.41 is complete, this could be a breakout point. 3. This is still positioned within the niche of chain abstraction/cross-chain ecosystems. Now it’s just waiting for appchains to deliver some key projects. 4. From the candlestick chart and TVL, the project still faces some challenges, and the marketing side needs to keep pushing forward.