Unlock Schedule
Venus (XVS) Token Unlock & Vesting Schedule
As of November 11, 2026, 16.89 million of the 30 million XVS (56.31%) have been released. No further releases are scheduled; the schedule was fully unlocked on October 29, 2020.
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
XVS has a stated maximum supply of 30 million tokens. At launch, the allocation plan assigned 20% to Binance Launchpool, 1% to BNB Chain ecosystem purposes, and 79% to rewards for activity in Venus markets. There was no private sale in that initial distribution plan. These figures describe how the token was introduced; later governance decisions have changed how protocol rewards are funded and directed. (binance.com)
The token’s main utility is governance. To acquire on-chain voting power, holders stake XVS in the XVS Vault. The vault can also distribute XVS rewards at a rate set and funded through governance decisions. Holding XVS in an ordinary wallet and staking it in the vault therefore serve different purposes: the first provides possession of the token, while the second enables participation in the voting system. (docs-v4.venus.io)
Staking also connects XVS to Venus Prime, a program that offers extra rewards to eligible users of selected lending markets. Prime considers both how much XVS a person has staked and how long it has been staked. Its rewards also reflect the person’s qualified supplying or borrowing activity. A Prime token records eligibility and cannot be transferred to another wallet. (docs-v4.venus.io)
Venus directs portions of protocol revenue toward its treasury, Prime rewards, and a fund for protocol shortfalls. The allocation is a governance policy, so it can be revised. This gives XVS holders a practical role in decisions about both the lending system and how its resources are used. (docs-v4.venus.io)
Assumptions
Venus minted its full 30 million XVS at launch, but minting did not put every token in users’ hands. Binance published a complete daily schedule for its 6-million-XVS Launchpool allocation; the original ecosystem-mining and grants budgets, later vault rewards, and VRT conversions have release or payment details that cannot be fully reconstructed from the cited sources. The chart can show the genesis mint and dated Launchpool distribution, while keeping those other budgets and programs visible as undated rather than inventing monthly releases. Approximately 254,892 XVS are held at the burn address, explaining the difference between the original mint and the rounded burn-adjusted supply.
- Original BNB Smart Chain ecosystem grants — 1% of maximum supply: Releases depend on recipients claiming tokens or on grants being awarded.
- Original ecosystem mining and governance-directed market incentives — 79% of maximum supply: The original schedule was changed and the new timing is not yet published.
- Governance-funded XVS Vault rewards: Releases depend on future governance or treasury decisions.
- VRT-to-XVS conversion and vesting: Releases depend on recipients claiming tokens or on grants being awarded.
- Proposed Ethereum deployment: first-quarter market incentives: Releases depend on future governance or treasury decisions.
- Proposed Ethereum deployment: first-quarter XVS Vault rewards: Releases depend on future governance or treasury decisions.
- Proposed multichain and cross-chain development grants: Releases depend on recipients claiming tokens or on grants being awarded.
- Proposed Ethereum Uniswap liquidity bootstrap: Releases depend on future governance or treasury decisions.
- 1. https://bscscan.com/token/0xcf6bb5389c92bdda8a3747ddb454cb7a64626c63?a=0x000000000000000000000000000000000000dEaD
- 2. https://www.binance.com/en/research/projects/venus
- 3. https://www.binance.com/en/support/announcement/detail/6d7ec713ae0c40c08cc3cfd9a8fd907a
- 4. https://community.venus.io/t/venus-tokenomics-upgrade-v3-0-proposal/2782
- 5. https://medium.com/venusprotocol/venus-tokenomics-proposal-final-version-cc9afb51bdb7
- 6. https://community.venus.io/t/vip-52-vrt-swap-xvs-vesting/2378
- 7. https://community.venus.io/t/xvs-ethereum-mainnet-development-program-with-lido-frax-curve-and-gitcoin/4200
- 8. https://docs-v4.venus.io/governance/tokenomics
- 9. https://github.com/VenusProtocol/isolated-pools/blob/develop/contracts/Rewards/RewardsDistributor.sol
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 · $1.1M open interest
 Binance (CEX) | 66K | 4.8K/5.2K |
 MEXC (CEX) | 57K | 1K/1.3K |
 Pancakeswap V3 (BNB) | 29K | 6.1K/6.1K |
 HTX (CEX) | 17K | 200/218 |
 Gate.io (CEX) | 6.7K | 5.9K/7.5K |
Pancakeswap V2 (BNB) | 1.8K | 2.1K/2.1K |
 Uniswap V3 (Ethereum) | 1.1K | 1.5K/1.5K |
Uniswap V3 (Arbitrum) | 99 | 256/255 |
Pancakeswap V2 (BNB) | 7.2 | 37/37 |
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: 13,107,788.567 tokens of its parts have no release date yet. The chart shows them as TBD from today, not as unlocked.
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 · $1.1M open interest
Binance (CEX) | 66K | 4.8K/5.2K |
MEXC (CEX) | 57K | 1K/1.3K |
Pancakeswap V3 (BNB) | 29K | 6.1K/6.1K |
HTX (CEX) | 17K | 200/218 |
Gate.io (CEX) | 6.7K | 5.9K/7.5K |
Pancakeswap V2 (BNB) | 1.8K | 2.1K/2.1K |
Uniswap V3 (Ethereum) | 1.1K | 1.5K/1.5K |
Uniswap V3 (Arbitrum) | 99 | 256/255 |
Pancakeswap V2 (BNB) | 7.2 | 37/37 |