The six-year vesting schedule granting 300 million FIL to Protocol Labs and 100 million to the Filecoin Foundation will end on October 15, 2026. This milestone will remove approximately 66.7 to 68 million FIL of annual new supply, bringing gross issuance down from 88-89 million to 21-22 million FIL, a reduction of roughly 75%. From that date onward, block rewards will become the sole source of new FIL, representing approximately 2% of circulating supply per year. Fee burns and collateral locks by storage providers could cause net FIL supply to flatten or even contract. FIL prices have already risen 10% to 24% in anticipation of this supply cut.
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