Vesting Schedule Nears Its End
Filecoin is close to finishing its six-year genesis vesting schedule. The end date is Oct. 14, 2026, based on mainnet parameters and the recorded liftoff block. When that schedule closes, about 68.3 million FIL in annualized releases will disappear. That removes a large recurring source of new supply.
The published token allocation assigns 300 million FIL to Protocol Labs, covering its team and contributors, and 100 million FIL to the Filecoin Foundation. Their combined six-year allocation releases about 66.7 million FIL each year. Lotus supply-accounting code adds another 9.8 million FIL to the same six-year bucket, bringing the scheduled annual release to about 68.3 million FIL.
Supply Additions Drop Sharply
Gross additions from vesting and block rewards would fall roughly 77%, from 88.9 million FIL to 20.6 million FIL per year, according to The Defiant’s calculation using Lotus code and Filfox mining data. This is a run-rate comparison, not a forecast. Filfox reported about 56,449 FIL produced over 24 hours at block 6,445,866. Annualized over 365 days, that equals 20.6 million FIL. Against Filfox’s reported circulating supply of 919.9 million FIL, gross annualized additions would fall from about 9.7% to 2.2%. The Protocol Labs and Foundation streams alone account for roughly three-quarters of the pre-completion total.
These figures cover vesting releases plus newly mined rewards. They do not measure net circulating supply growth or exchange selling. Filecoin’s supply accounting also reflects reserve disbursements, burns, and locked collateral. Already vested balances remain available after the schedule ends.
Storage Providers Still Earn Block Rewards
For holders, the change removes a large recurring source of supply growth. For storage providers that earn FIL by supplying capacity to Filecoin’s distributed storage network, the end of these allocations does not itself cut block rewards. Vesting completion also does not require recipients to sell. It does not stop them from selling tokens already released.
Block rewards have separate mechanics. Filecoin’s documentation describes a time-based minting component and another tied to network performance, so the remaining issuance rate is not fixed. Under the documented reward-vesting rules, 25% of earned block rewards are immediately accessible. The other 75% vest over 180 days.
That means the supply picture after October 2026 will depend on mining, burns, collateral, and how recipients handle tokens already in their hands. The vesting cliff matters, but it is not the only input.
