Suilend (SEND)
Unlock Schedule
Suilend (SEND) 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
Supply and distribution
SEND has a stated total supply of 100 million tokens. The published allocation assigns 65% to the community, 20% to investors, and 15% to the team. Within the total supply, the plan set aside 40% for distribution through an “mdrop”: 20% for points holders and early users, 5% for ecosystem communities, and 15% for holders connected to the team’s SAVE token on Solana. (docs.suilend.fi)
The mdrop uses mSEND as an intermediate claim token. An eligible recipient redeems an allocation for mSEND and then claims SEND. The original schedule charged a fee in SUI for claiming before an allocation matured; that fee declined over a set period. The periods differed by allocation type: three months for points and ecosystem distributions, six months for team and investor allocations, and twelve months for SAVE allocations. The published unlock plan also spread investor tokens over two years and team tokens over four years. (docs.suilend.fi)
What SEND is for
SEND’s stated role is to connect holders with the development of the Suilend product family. The team has described holder participation in a planned SEND DAO and potential revenue sharing. These are described plans, so the token’s published allocation is clearer than the eventual scope of voting or any revenue-sharing arrangement. SEND has also appeared in ecosystem distributions tied to early use and community activity. (docs.suilend.fi)
SEND is distinct from SUI, the blockchain’s native token. SUI pays network transaction fees, including fees for actions involving SEND. SEND is also distinct from sSUI, the liquid-staking token issued through SpringSui. Keeping those roles separate makes it easier to understand which asset a particular action uses. (sui.io)
Assumptions
Suilend allocates 100 million SEND across three community mdrops, investors, the team, incentives and a treasury. The 40 million SEND budgeted for mdrops became available at launch; estimated investor and team vesting curves extend into 2026 and 2028. Incentive spending, treasury transfers and individual claims lack a complete dated schedule, and the dates of token minting were not verified. The chart can show the dated mdrop openings and clearly labeled vesting estimates, but not those undated transfers or a reconciled mint-by-mint history.
- SEND token creation: The sources give the amount but no release dates.
- Community incentives: The sources give the amount but no release dates.
- Community treasury: Releases depend on future governance or treasury decisions.
- 1. https://docs.suilend.fi/send/tokenomics-and-mdrops
- 2. https://docs.suilend.fi/send/roadmap
- 3. https://docs.suilend.fi/send/send-from-slnd-save-conversion
- 4. https://docs.suilend.fi/send/how-to-redeem-msend-and-claim-send-season-1
- 5. https://docs.suilend.fi/send/how-to-redeem-msend-and-claim-send-season-2
- 6. https://docs.suilend.fi/archive/what-are-s2-points-and-capsules
- 7. https://docs.suilend.fi/security/bug-bounty
- 8. https://docs.suilend.fi/send/msend-and-send-cointypes
- 9. https://raw.githubusercontent.com/solendprotocol/send/master/sources/send.move
- 10. https://app.tokenomics.com/tokenomics/suilend
- 11. https://dropstab.com/coins/suilend/vesting