Yearn Finance (YFI) Tokenomics, Unlock Schedule and Vesting Chart

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Yearn Finance (YFI) Token Unlock & Vesting Schedule

As of October 25, 2026, 36,666 of the 36,666 YFI (100.00%) have been released. No further releases are scheduled; the schedule was fully unlocked on February 5, 2021.

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

YFI began with an allocation of 30,000 tokens for liquidity mining across Yearn-related pools. In 2021, governance approved the creation of 6,666 more YFI. Roughly one-third of that new allocation was intended for vested contributor compensation, with the rest assigned to the community-controlled treasury for future uses. The two decisions explain the widely cited supply figure of 36,666 YFI. (gov.yearn.fi)

Governance and staking

Yearn’s governance system has changed over time. An earlier model asked holders to lock YFI for a token called veYFI. Yearn has since moved toward stYFI: users stake YFI and receive stYFI, which carries governance rights and a share of designated protocol revenue. The approved design replaces a lock lasting up to four years with an unstaking cooldown of 14 days. Voting power builds over time after staking, and the revenue split can be changed through governance. (gov.yearn.fi)

The stYFI interface also offers stYFIx, a delegated option for people who prefer to have voting managed on their behalf. Staking YFI serves a different purpose from depositing USDC, ETH, or another asset in a yield vault. Vault deposits fund strategies; staked YFI connects its holder to Yearn governance and its revenue-sharing rules. (styfi.yearn.fi)

Assumptions

Yearn minted 30,000 YFI for its three original farming pools in July 2020 and another 6,666 YFI into its treasury on February 5, 2021. Contributor retention packages, treasury programs, second-season vests and stYFI-related rewards use tokens that already exist; several have budgets or vesting terms but no established payment dates or amounts. The dated supply-creation chart therefore reaches the reported 36,666 YFI through those two mints, while undated spending and vesting remain separate rather than being presented as new supply.

Initial yEarn pool rewards: Releases depend on recipients claiming tokens or on grants being awarded.
Initial Balancer pool rewards: Releases depend on recipients claiming tokens or on grants being awarded.
Initial governance pool rewards: Releases depend on recipients claiming tokens or on grants being awarded.
Vested contributor and strategist retention packages: The original schedule was changed and the new timing is not yet published.
Community and multisig retention packages: Releases depend on recipients claiming tokens or on grants being awarded.
Other YIP-57 treasury allocation: Releases depend on future governance or treasury decisions.
Season 2 core contributor vests: Releases depend on recipients claiming tokens or on grants being awarded.
Liquid locker redemption facility: Releases depend on recipients claiming tokens or on grants being awarded.
Team performance bonuses and Builder’s Collective: New issuance depends on network activity, such as staking, so it cannot be dated in advance.
stYFI YFI rewards and conditional treasury top-ups: New issuance depends on network activity, such as staking, so it cannot be dated in advance.

Sources (12)

Max Supply 36.67K

Unlocked Supply 36.67K

Unlock Progress 100.00%

Genesis Date July 2020

Fully Unlocked Feb 5, 2021

Allocations 14

Marketcap Rank (#) 321

Price ($) 2,101 -4.33% (7d)

24h Volume ($) 189K +7.82% (7d)

Marketcap ($) 78M

Fully Diluted Value ($) 77M

Circulating Supply 98% HIGH

Perpetuals: 2 markets on Binance and OKX · $2.8M open interest

Spot

Perp


YFI/USDT	167K	11K/21K
YFI/USDT	108K	2.9K/6.3K
YFI/USD	107K	37K/30K
YFI/USDT	57K	13K/13K
YFI/USDT	44K	5.3K/4.3K
YFI/USDT	31K	1.1K/1.2K
YFI/USD	14K	8.9K/16K
YFI/EUR	14K	3.5K/8.1K
YFI/	12K	24K/24K
YFI/WETH	6.7K	2.7K/2.7K
YFI/USDT	6.1K	8.3K/10K
YFI/USDT	2.2K	22/246
YFI/WETH	631	415/414
YFI/USDC	32	10K/12K
YFI/EUR	1.1	546/1.6K

Allocations

Initial liquidity-mining issuance

30,000 tokens · 3 parts

Cliff: Jul 17, 2020 — 100.00% of allocation · 30,000 tokens

Sources: Data from FlipsidecryptoProposal 0: YFI Supply

YIP-57 one-time treasury mint

6,666 tokens · 2 parts

Cliff: Feb 5, 2021 — 100.00% of allocation · 6,666 tokens

Sources: YIP-57: Funding Yearn’s FutureTransaction minting 6,666 YFI to the Yearn Treasury

YIP-88 treasury-held YFI incentive pool

1,930 tokens · 3 parts

stYFI YFI rewards and conditional treasury top-ups

N/A tokens

Timing not yet established: amount unknown

Sources: YIP-88: Governance Overhaul: stYFIstYFI

Last Updated: 2026-09-28 09:29:19 UTC

Description

#321

Yearn Finance is a DeFi aggregator that provides lending, insurance, and yield generation on Ethereum. It uses smart contracts to deposit tokens and receive rewards.

Sector:	Asset Management
Blockchain:	Ethereum

2020

Bluechip