Ether.fi (ETHFI)
Unlock Schedule
Ether.fi (ETHFI) Token Unlock & Vesting Schedule
As of October 16, 2026, 959.6 million of the 1 billion ETHFI (95.96%) have been released. The remaining 40.4 million ETHFI, all estimated, come from Core contributors — 21.47% of maximum supply and are worth about $27.25 million at today's price (4.16% of the market cap). Today's release is an estimated 8.95 million ETHFI from Core contributors — 21.47% of maximum supply. ETHFI is fully unlocked in February 2027; after that date the schedule has no further dated releases.
The chart shows gross modeled releases of every allocation: vesting unlocks, new issuance and reserve distributions, each allocation counted once. These have different meanings; a scheduled release is not evidence that tokens entered circulation or were sold. Review the coverage, sources and assumptions below.
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
ETHFI has a fixed supply of one billion tokens, all of which the project says have been minted. Its published allocation assigns 33.74% to investors, 21.47% to core contributors, 21.62% to the treasury, 19.27% to user airdrops, and 3.9% to partnerships and liquidity. Investor tokens follow a two-year vesting schedule, while core contributor tokens follow a three-year schedule; both include a one-year cliff. Vesting controls when allocated tokens become available over time. (etherfi.gitbook.io)
Governance and staking
ETHFI holders can take part in decisions about treasury use, protocol fees, upgrades, contributor permissions, and other economic settings. Holders may vote directly or delegate their voting power. This makes ETHFI a way to participate in the rules and priorities that guide Ether.fi. (governance.ether.fi)
ETHFI can also be staked to receive sETHFI. Ether.fi describes sETHFI as a token that accrues ETHFI rewards and counts toward membership levels. Its governance documentation also describes a buyback program that uses specified protocol revenue to acquire ETHFI for distribution to sETHFI holders. This connects the token’s incentive system to participation across the platform, while the staking token remains distinct from eETH and weETH. (help.ether.fi)
Upcoming ETHFI Releases
| Period | Allocation | Type | Amount | Value | % of supply |
|---|---|---|---|---|---|
| Oct 16 – 31, 2026 | Core contributors — 21.47% of maximum supply | Vesting, estimated | 4.6M | $3.1M | 0.46% |
| Nov 2026 | Core contributors — 21.47% of maximum supply | Vesting, estimated | 8.9M | $6M | 0.89% |
| Dec 2026 | Core contributors — 21.47% of maximum supply | Vesting, estimated | 8.9M | $6M | 0.89% |
| Jan 2027 | Core contributors — 21.47% of maximum supply | Vesting, estimated | 8.9M | $6M | 0.89% |
| Feb 2027 | Core contributors — 21.47% of maximum supply | Vesting, estimated | 8.9M | $6M | 0.89% |
| Total | 40.4M | $27.2M | 4.04% | ||
Values at $0.674 per ETHFI (October 16, 2026), today's price, not a forecast. Estimated amounts are modeled from the schedule's rules rather than dated by a source; see the Assumptions below. Releases without dates are listed under Allocations.
Assumptions
Ether.fi documents a fixed one-billion-ETHFI mint divided among investors, contributors, user rewards, the treasury, and partnerships. Insider vesting has dated start and end months, but its equal monthly chart amounts are estimates; the first three airdrop rounds have known claim-opening dates without enough information to quantify what unlocked on each date. Later rewards, treasury spending, grants and buyback-funded redistribution have budgets or mechanisms but incomplete payment records, so those amounts are not plotted as verified releases. The cited official sources do not verify the supplied 965.35 million total-supply figure or a cumulative burn that would reconcile it with the documented mint.
- Post-launch employee grants — approximately 6 million unvested in the 2025 report: The sources give the amount but no release dates.
- User airdrops and seasonal rewards — 19.27% of maximum supply: Releases depend on future governance or treasury decisions.
- Airdrop Season 1 — 7.5% of maximum supply: Timing not yet established.
- Airdrop Season 1 — 7.5% of maximum supply: Releases depend on recipients claiming tokens or on grants being awarded.
- Airdrop Season 2 — 5.8% of maximum supply: Timing not yet established.
- Airdrop Season 2 — 5.8% of maximum supply: Releases depend on recipients claiming tokens or on grants being awarded.
- Airdrop Season 3 — 2.7% of maximum supply: Timing not yet established.
- Airdrop Season 3 — 2.7% of maximum supply: Releases depend on recipients claiming tokens or on grants being awarded.
- Airdrop Season 4 — 1.3% of maximum supply: Releases depend on recipients claiming tokens or on grants being awarded.
- Proposed Season 4 promotion and deposit top-up: Releases depend on recipients claiming tokens or on grants being awarded.
- Season 5 rewards: Releases depend on recipients claiming tokens or on grants being awarded.
- DAO treasury and Ecosystem Fund — 21.62% of maximum supply: Releases depend on future governance or treasury decisions.
- Proposed treasury diversification — up to 18 million ETHFI: Releases depend on future governance or treasury decisions.
- Partnerships and liquidity — 3.9% of maximum supply: The sources give the amount but no release dates.
- Protocol Guild commitment — 1% of maximum supply: The sources give the amount but no release dates.
- Binance Launchpool rewards — 2% of maximum supply: Releases depend on recipients claiming tokens or on grants being awarded.
- Proposed weETH centralized-exchange incentives — up to 10 million ETHFI: Releases depend on future governance or treasury decisions.
- Proposed inaugural Member Rewards program: Releases depend on recipients claiming tokens or on grants being awarded.
- Buyback-funded distributions to sETHFI holders: New issuance depends on network activity, such as staking, so it cannot be dated in advance.
- 1. https://etherfi.gitbook.io/gov/ethfi-allocations
- 2. https://etherfi.medium.com/announcing-ethfi-the-ether-fi-governance-token-8cae7327763a
- 3. https://impressive-horses-5641a8b530.media.strapiapp.com/Ether_fi_Token_Transparency_Framework_Report_08_06_25_3900892d84.pdf
- 4. https://etherfi.gitbook.io/gov/seasons/airdrop-season-1
- 5. https://etherfi.gitbook.io/gov/seasons/airdrop-season-2
- 6. https://etherfi.gitbook.io/gov/seasons/airdrop-season-3
- 7. https://etherfi.gitbook.io/gov/seasons/airdrop-season-4
- 8. https://etherfi.gitbook.io/etherfi/events/previous-seasons/season-4/season-rewards
- 9. https://etherfi.gitbook.io/etherfi/events/season-5/season-rewards
- 10. https://governance.ether.fi/t/7-ethfi-dao-proposal-season-4-ethfi-allocation/2615
- 11. https://governance.ether.fi/t/10-ethfi-dao-proposal-season-5/2786
- 12. https://governance.ether.fi/t/ether-fi-member-rewards/2974
- 13. https://governance.ether.fi/t/6-ethfi-dao-proposal-incentives-on-centralized-exchanges/2521
- 14. https://governance.ether.fi/t/9-proposal-diversification-of-ethfi-dao-treasury-through-investment-in-real-world-assets/2713
- 15. https://etherfi.gitbook.io/gov/ethfi-buyback-program
- 16. https://www.binance.com/en/support/announcement/detail/043436c6551d4f67bf1565a253039b39
Tokenomics Overview
Market Data
Tile coloring: Green indicates positive changes, red indicates negative changes, and neutral indicates no significant trend or unavailable data.
Perpetuals: 5 markets on Binance, OKX, Hyperliquid and Lighter · $42.7M open interest
 Binance (CEX) | 6.9M | 261K/241K |
 MEXC (CEX) | 5.4M | 91K/35K |
 OKX (CEX) | 3.3M | 151K/202K |
Binance (CEX) | 2M | 32K/43K |
 Bybit (CEX) | 1.6M | 131K/114K |
Binance (CEX) | 901K | 37K/63K |
 Bitget (CEX) | 631K | 24K/34K |
 Coinbase (CEX) | 534K | 76K/91K |
 KuCoin (CEX) | 362K | 47K/74K |
 Gate.io (CEX) | 290K | 194K/202K |
Gate.io (CEX) | 214K | 11K/12K |
 Kraken (CEX) | 191K | 11K/45K |
MEXC (CEX) | 60K | 51K/26K |
MEXC (CEX) | 59K | 4K/3.3K |
 Uniswap V3 (Arbitrum) | 47K | 1.1K/1.1K |
OKX (CEX) | 29K | 4.5K/10K |
Kraken (CEX) | 24K | 12K/8.3K |
Uniswap V3 (Ethereum) | 19K | 1.5K/1.5K |
OKX (CEX) | 8.1K | 68K/68K |
OKX (CEX) | 3.4K | 5.9K/5.8K |
 HTX (CEX) | 1.4K | 146/1.6K |
Uniswap V3 (Ethereum) | 523 | 621/619 |
Allocations
Parts of this allocation with their own release dates are charted as their own allocations; the chart shows the rest here.
Description
#100
Ether.fi is a platform that offers liquid staking solutions for Ethereum, allowing users to stake ETH and receive eETH, a liquid staking token. This system not only decentralizes Ethereum further by enabling users to run nodes but also maximizes rewards through native re-staking and integration with DeFi applications.
| Sector: | Liquid Staking |
| Blockchain: | Ethereum |
Tokenomics Overview
Market Data
Tile coloring: Green indicates positive changes, red indicates negative changes, and neutral indicates no significant trend or unavailable data.
Perpetuals: 5 markets on Binance, OKX, Hyperliquid and Lighter · $42.7M open interest
Binance (CEX) | 6.9M | 261K/241K |
MEXC (CEX) | 5.4M | 91K/35K |
OKX (CEX) | 3.3M | 151K/202K |
Binance (CEX) | 2M | 32K/43K |
Bybit (CEX) | 1.6M | 131K/114K |
Binance (CEX) | 901K | 37K/63K |
Bitget (CEX) | 631K | 24K/34K |
Coinbase (CEX) | 534K | 76K/91K |
KuCoin (CEX) | 362K | 47K/74K |
Gate.io (CEX) | 290K | 194K/202K |
Gate.io (CEX) | 214K | 11K/12K |
Kraken (CEX) | 191K | 11K/45K |
MEXC (CEX) | 60K | 51K/26K |
MEXC (CEX) | 59K | 4K/3.3K |
Uniswap V3 (Arbitrum) | 47K | 1.1K/1.1K |
OKX (CEX) | 29K | 4.5K/10K |
Kraken (CEX) | 24K | 12K/8.3K |
Uniswap V3 (Ethereum) | 19K | 1.5K/1.5K |
OKX (CEX) | 8.1K | 68K/68K |
OKX (CEX) | 3.4K | 5.9K/5.8K |
HTX (CEX) | 1.4K | 146/1.6K |
Uniswap V3 (Ethereum) | 523 | 621/619 |