Solend (SLND)
Unlock Schedule
Solend (SLND) Token Unlock & Vesting Schedule
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
The original SLND allocation
Solend’s published plan set out 100 million SLND tokens. It allocated 60% to the community: 30% for liquidity-mining incentives and 30% for a treasury governed by the Solend DAO. The plan assigned 25% to the core team and 15% to venture investors and individual backers. An initial token offering allocation of 5% came from the treasury portion, rather than being added on top of the total. (docs.save.finance)
The plan also described staged unlocks for the team and seed-round participants. This meant those allocations were scheduled to become available over time, while incentives could be distributed to people using selected lending markets. The published distribution explains how the original SLND token was organized. The project’s later move to SAVE has its own token contract and a one-to-one conversion process for SLND holders. (docs.save.finance)
SLND’s central role was governance. Its holders were given a way to take part in decisions about the protocol and its treasury. The token was also used in lending incentives and reward programs. Supplying or borrowing, however, starts with the asset being supplied or used as collateral; SLND serves a different purpose from the assets moving through the pools. (docs.save.finance)
Assumptions
Solend announced 100 million SLND, allocated principally to liquidity mining, the DAO treasury, the team and investors. Published dates support the seed-investor cliff and monthly unlocks, the IDO redemption opening, and the OG airdrop; a secondary report dates the Season 2 reward opening. Team join dates, much of liquidity mining, treasury spending and later reward claims remain unresolved. The chart can show those dated events and an explicitly estimated as-of entry for the announced supply, but it cannot verify the mint date, current on-chain supply or a complete release history.
- Core team — 25% of announced supply: The sources give the amount but no release dates.
- Reserve for a potential future investor raise — 5% of announced supply: Releases depend on future governance or treasury decisions.
- Liquidity mining — 30% of announced supply: Releases depend on recipients claiming tokens or on grants being awarded.
- DAO treasury — 30% of announced supply, including the IDO: Releases depend on future governance or treasury decisions.
- SLND–USDC liquidity provision — 1% of announced supply: The sources give the amount but no release dates.
- NOPE-to-SLND conversion reserve — 0.1% of announced supply: Releases depend on recipients claiming tokens or on grants being awarded.
- Marinade DAO token exchange — 0.5% of announced supply: The sources give the amount but no release dates.
- Points Season 1 minimum SLND rewards — at least 0.1% of announced supply: Releases depend on recipients claiming tokens or on grants being awarded.
- 1. https://blog.save.finance/fundraise-tokenomics-and-ido-f9536b061973
- 2. https://docs.save.finance/daotoken/token
- 3. https://docs.save.finance/architecture/addresses
- 4. https://solscan.io/token/SLNDpmoWTVADgEdndyvWzroNL7zSi1dF9PC3xHGtPwp
- 5. https://explorer.solana.com/address/SLNDpmoWTVADgEdndyvWzroNL7zSi1dF9PC3xHGtPwp
- 6. https://blog.save.finance/retroactive-liquidity-mining-e917311143bf
- 7. https://docs.save.finance/protocol/liquidity-mining
- 8. https://docs.save.finance/getting-started/supply-and-borrow-apy
- 9. https://blog.save.finance/og-airdrop-nope-conversion-25f28679f250
- 10. https://blog.save.finance/margin-and-points-launch-ecff9de241f8
- 11. https://blog.save.finance/season-2-1cc3182c02c5
- 12. https://forum.marinade.finance/t/marinade-token-exchange-program/221
- 13. https://solanafloor.com/news/solend-season-2-distributes-460k-loyal-users
- 14. https://docs.save.finance/getting-started/faq
Allocations
Parts of this allocation with their own release dates are charted as their own allocations; the chart shows the rest here.