Fluid (FLUID)
Unlock Schedule
Fluid (FLUID) Token Unlock & Vesting Schedule
As of October 16, 2026, 83.7 million of the 100 million FLUID (83.70%) have been released. No further releases are scheduled; the schedule was fully unlocked in July 2025.
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
Supply and original distribution
The original INST token had a supply of 100 million. Its 2021 allocation assigned 55% to community members, 23.79% to then-current team members, 12.07% to investors, 7.85% to future team members and ecosystem partnerships, and 1.27% to advisers. The announced team, investor, and adviser allocations vested over four years. When INST became FLUID, its Ethereum contract address and total supply remained unchanged. (blog.instadapp.io)
FLUID’s main utility is governance. Token holders can participate in choices about protocol settings, including lending rates, supported assets, vault configurations, fees, and incentives. Those choices matter because Fluid’s products share the same underlying liquidity system. (blog.instadapp.io)
Fluid governance has also approved plans to use some protocol revenue to purchase FLUID for a reserve. Purchased tokens are held for governance to manage. This links part of the project’s economic model to decisions about how revenue and treasury assets are used; holding FLUID alone does not create an automatic share of lending or swap fees. (fluid.io)
Assumptions
All 100 million FLUID tokens, originally called INST, were minted at genesis; later vesting and rewards released already-existing tokens rather than creating new ones. The team, initial investor and advisor allocations have documented four-year continuous vesting, shown by month using estimated endpoints. The launch airdrop opened on June 16, 2021, while liquidity rewards, the growth fund, future-team grants and other community spending have budgets but no verified complete payment schedule. The chart can show the genesis mint and supported unlock timing separately; conditional payments and unresolved treasury distributions remain undated.
- Community: Releases depend on future governance or treasury decisions.
- Future Team Members and Ecosystem Partnerships: Releases depend on recipients claiming tokens or on grants being awarded.
- Initial DeFi Position Liquidity Mining: Releases depend on recipients claiming tokens or on grants being awarded.
- Initial UNI-v3 Liquidity-Provider Rewards: Releases depend on recipients claiming tokens or on grants being awarded.
- Extended DeFi Position Liquidity Mining: Releases depend on recipients claiming tokens or on grants being awarded.
- Extended INST/ETH Liquidity Staking Rewards: The original schedule was changed and the new timing is not yet published.
- Community Growth Fund: Releases depend on recipients claiming tokens or on grants being awarded.
- 1. https://blog.instadapp.io/protocol-and-governance/
- 2. https://blog.instadapp.io/inst/
- 3. https://instadapp.io/mica-whitepaper.pdf
- 4. https://etherscan.io/token/0x6f40d4a6237c257fff2db00fa0510deeecd303eb
- 5. https://impressive-horses-5641a8b530.media.strapiapp.com/Fluid_Token_Transparency_Framework_Report_08_06_25_52e548343a.pdf
- 6. https://gov.fluid.io/t/extend-liquidity-mining-and-g-uni-staking-rewards/307
- 7. https://gov.fluid.io/t/amendments-to-liquidity-mining-extension-proposal/372
- 8. https://gov.fluid.io/t/return-unclaimed-airdropped-inst-to-governance-treasury/392
- 9. https://gov.fluid.io/t/instadapp-community-growth-fund/111
Tokenomics Overview
Market Data
Tile coloring: Green indicates positive changes, red indicates negative changes, and neutral indicates no significant trend or unavailable data.
Perpetuals: 1 market on Binance · $2M open interest
 Bybit (CEX) | 472K | 26K/21K |
 OKX (CEX) | 205K | 22K/22K |
 Coinbase (CEX) | 191K | 25K/29K |
 Gate.io (CEX) | 89K | 22K/33K |
 Uniswap V3 (Base) | 65K | 6.3K/6.3K |
Uniswap V3 (Ethereum) | 42K | 12K/12K |
 Meteora (Solana) | 21K | 6.7K/6.7K |
 MEXC (CEX) | 10K | 2.2K/1.5K |
OKX (CEX) | 5.7K | 12K/13K |
OKX (CEX) | 678 | 11K/11K |
Allocations
Parts of this allocation with their own release dates are charted as their own allocations; the chart shows the rest here.
Not yet scheduled: 16,303,003.18 tokens of its parts have no release date yet. The chart shows them as TBD from today, not as unlocked.
Description
#189
Fluid is a decentralized finance platform that enables users to manage and optimize their digital assets across multiple protocols through a single interface. It provides tools for lending, borrowing, and leveraging crypto assets efficiently within the Ethereum blockchain ecosystem.
| Sector: | Lending |
| 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: 1 market on Binance · $2M open interest
Bybit (CEX) | 472K | 26K/21K |
OKX (CEX) | 205K | 22K/22K |
Coinbase (CEX) | 191K | 25K/29K |
Gate.io (CEX) | 89K | 22K/33K |
Uniswap V3 (Base) | 65K | 6.3K/6.3K |
Uniswap V3 (Ethereum) | 42K | 12K/12K |
Meteora (Solana) | 21K | 6.7K/6.7K |
MEXC (CEX) | 10K | 2.2K/1.5K |
OKX (CEX) | 5.7K | 12K/13K |
OKX (CEX) | 678 | 11K/11K |