Centrifuge (CFG)
Unlock Schedule
Centrifuge (CFG) Token Unlock & Vesting Schedule
The unlock chart above provides a clear visual overview of the Centrifuge (CFG) token release schedule, showing when and how tokens enter circulation across investor, team, treasury, and community allocations. Understanding these tokenomics dynamics is critical for evaluating potential supply pressure, inflation impact, and market liquidity over time — key factors that can influence CFG price performance.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
CFG is the governance and coordination token for the Centrifuge protocol. In 2025, Centrifuge consolidated token representations by migrating CFG to operate natively on Ethereum, replacing both the legacy substrate‑based CFG and the wrapped token (wCFG) on Ethereum. Holders of older tokens can migrate 1:1 to the new ERC‑20 CFG. The migration sets a post‑migration total supply target of 675 million CFG and routes ongoing inflation (3% yearly) to the Centrifuge DAO Treasury on Ethereum, reflecting the protocol’s shift from running a standalone chain to running EVM‑native smart contracts. (developer.centrifuge.io)
The token’s primary use is governance—proposing and voting on protocol upgrades, pool onboarding processes, treasury programs, and standards for extensions (such as permissioning modules or pricing oracles). As Centrifuge deprecates its legacy chain and staking functions, ETH is used to pay Ethereum gas fees; CFG’s role is to coordinate decisions, fund development, and align incentives rather than to serve as a base gas token. The project’s docs outline the phases of shifting governance from chain‑based voting to Snapshot and, ultimately, to an Ethereum onchain framework. (developer.centrifuge.io)
Historically, the initial token generation created 400 million CFG distributed among the foundation, contributors, and early participants with long lockups to align incentives. The migration documentation further details supply endpoints, lockups, and the consolidation of token forms into a single ERC‑20 for clarity across exchanges and DeFi venues. (developer.centrifuge.io)
Assumptions
- Total supply is inflationary and effectively uncapped post-migration.
Official docs state 3% yearly inflation continues to DAO Treasury on Ethereum; therefore no fixed max cap is enforceable.
- Start of Tinlake rewards modeled as 2021-05-29 and aggregated 15M CFG minted linearly until 2022-06-23.
Governance records quantify 15M minted prior to June 23, 2022 but not exact mint dates; we converted cumulative awards to an equivalent monthly schedule starting from the earliest official Tinlake rewards guide.
- Crowdloan base rewards schedule uses actual vest completion (2023-06-22) rather than planned 96-week end (~2024-01-16).
Substrate vesting completed early due to block-time drift per official forum; modeling reflects actual supply release.
- On-chain block rewards prior to CP54 activation are assumed zero for modeling.
Block rewards were added/activated mid-2023 via CP54; earlier reward emissions were handled via targeted mints (e.g., Tinlake).
- DAO Treasury Inflation (post-2025) modeled as a single 5-year linear unlock of 102M CFG.
Docs specify 3% annual inflation continues; exact dynamic amount depends on future supply and governance. We approximate for charting; clients can extend this linearly or recompute dynamically.
- Public sale Option 2 end date set to 2023-08-01.
Forum post indicates full vest around Aug 1, 2023 (block reference given); used for monthly granularity.
- Crowdloan bonuses (referrals/early-bird/heavyweight) are not separately modeled.
Bonuses were minted on claim and vary per contributor; no definitive aggregate minted amount published. Base allocation (65.7M) is fully modeled; bonuses are a minor uplift relative to base.
- 1. https://coinlist.co/centrifuge/
- 2. https://gov.centrifuge.io/t/crowdloan-and-coinlist-token-vesting/5570
- 3. https://medium.com/centrifuge/how-to-participate-in-the-centrifuge-crowdloan-abab7fd3f5e0
- 4. https://medium.com/centrifuge/the-centrifuge-parachain-is-live-69b252554528
- 5. https://gov.centrifuge.io/t/council-motion-8-mint-tinlake-lp-rewards/4259
- 6. https://gov.centrifuge.io/t/rfc-2022-09-09-updating-tinlake-rewards-allocation/4553
- 7. https://gov.centrifuge.io/t/rfc-updating-tinlake-rewards-allocation-2022-12/4893
- 8. https://gov.centrifuge.io/t/rfc-updating-tinlake-rewards-allocation-2023-03/5213
- 9. https://gov.centrifuge.io/t/cp61-pool-rewards-parameters/5643
- 10. https://gov.centrifuge.io/t/cp81-unclaimed-tinlake-rewards/5885
- 11. https://docs.centrifuge.io/getting-started/token-summary/
- 12. https://docs.centrifuge.io/getting-started/token-summary/token-migration
- 13. https://gov.centrifuge.io/t/cp149-migration-of-centrifuge-governance-token-cfg-to-evm/6810
- 14. https://gov.centrifuge.io/t/cp54-runtime-upgrade-1019/5533
- 15. https://gov.centrifuge.io/t/cp92-updating-cp6-block-rewards/5839
- 16. https://gov.centrifuge.io/t/cp48-gi-cfg-listing-and-liquidity-incentives-on-stellaswap-on-moonbeam/5429
- 17. https://gov.centrifuge.io/t/democracy-proposal-2-cfg-listing-and-liquidity-incentives-on-stellaswap-on-moonbeam/5459
Allocations
Description
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Centrifuge is a blockchain platform that bridges real-world assets and DeFi on Polkadot. It is built on Parity Substrate, a platform that facilitates cross-chain communication and security with Polkadot. Centrifuge also leverages Ethereum’s liquidity through its financial DApp Tinlake.
| Sector: | RWA |
| Blockchain: | Polkadot |