Filecoin Nears End of Six-Year Vesting, Removing 68 Million FIL in Annual Releases

Filecoin is approaching the end of its six-year genesis vesting schedule, removing about **68.3 million $FIL in annualized releases** and leaving block rewards as its main recurring source of new supply.

Gross additions from vesting and block rewards would fall roughly **77%, from 88.9 million to 20.6 million $FIL a year**, according to The Defiant’s calculation using Filecoin’s Lotus supply-accounting code and Filfox’s latest mining data. The post-vesting figure annualizes the latest 24 hours of production; it is a run-rate comparison, not a forecast of next year’s rewards.

For holders, that removes a large recurring source of supply growth. For the 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. Nor does vesting completion require recipients to sell—or prevent them from selling tokens already released.

The published token allocation assigns 300 million $FIL to Protocol Labs, including its team and contributors, and 100 million to the Filecoin Foundation. Their combined six-year allocation releases about 66.7 million $FIL annually. Lotus’s supply-accounting code includes another 9.8 million $FIL in the same six-year bucket, bringing the scheduled annual release to about 68.3 million.

The code measures that schedule as six 365-day years starting at the network’s liftoff epoch. That puts completion on **Oct. 14, 2026**, based on the mainnet parameters and recorded liftoff block.

Filfox reported about 56,449 $FIL produced over 24 hours in its snapshot at block 6,445,866. Annualized over 365 days, that is 20.6 million $FIL. Against the explorer’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.

Provider Rewards Continue

These figures measure vesting releases plus newly mined rewards, not 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.

Block rewards have their own 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, while 75% vest over 180 days.