Filecoin Vesting Schedule Nears Completion
Filecoin’s original six-year vesting schedule is almost finished. According to a calculation from The Defiant using Lotus supply-accounting code and Filfox mining data, scheduled releases will drop by about 68.3 million FIL a year once the schedule wraps. The code tracks six 365-day years from the network’s liftoff epoch. Based on mainnet parameters and the recorded liftoff block, that puts completion on Oct. 14, 2026.
The largest share comes from allocations tied to Protocol Labs and the Filecoin Foundation. Published allocation assigns 300 million FIL to Protocol Labs, including team and contributors, and 100 million to the Foundation. Combined, those six-year streams release about 66.7 million FIL annually. Lotus accounting adds another 9.8 million FIL in the same bucket, bringing the scheduled annual release to roughly 68.3 million.
What Changes for Supply
Gross additions from vesting plus block rewards would fall from about 88.9 million FIL a year to 20.6 million FIL a year. That is a drop of roughly 77%. The post-vesting number annualizes the latest 24 hours of production, so it is a run-rate comparison, not a forecast for next year’s rewards. Filfox reported about 56,449 FIL produced over 24 hours at block 6,445,866. Annualized over 365 days, that comes to 20.6 million FIL. Against reported circulating supply of 919.9 million FIL, gross annualized additions would fall from roughly 9.7% to 2.2%.
For holders, this removes a recurring source of supply growth. For storage providers, the end of vesting does not by itself cut block rewards. Recipients are not required to sell at completion, and they are not blocked from selling tokens that already unlocked. The figures also do not measure net circulating supply or exchange selling. Filecoin’s accounting includes reserve disbursements, burns, and locked collateral.
Block Rewards Continue
Block rewards keep their own rules. Filecoin documentation describes a time-based minting part and another part tied to network performance, so the remaining issuance rate is not fixed. Under reward-vesting rules, 25% of earned block rewards are immediately accessible, while 75% vest over 180 days.
Already vested balances remain available after the schedule ends. That matters because the market impact depends on what recipients do, not just on the schedule. The annual release decline is significant on paper, but it is one input among many. Trading flows, collateral needs, and provider economics will shape how the change plays out. Perhaps the cleanest takeaway is simple: Filecoin’s supply growth from genesis allocations is nearing its final chapter. The network’s recurring issuance will then rest mainly on block rewards.
