Filecoin implements Solstice tokenomics as genesis vesting ends
CIE News ·
Based on reporting by CoinMarketCap; not yet independently confirmed.
Filecoin completed its six-year genesis vesting and launched the Solstice upgrade, cutting annual FIL issuance by roughly 75% and burning unearned service rewards, according to CoinMarketCap.
Filecoin (FIL) finalized its Solstice tokenomics architecture following the end of its six-year genesis vesting schedule, CoinMarketCap reported. The conclusion of genesis vesting reduced annual FIL issuance by approximately 75%, falling from roughly 89 million FIL to between 21 million and 22 million FIL. Under the Solstice changes rolled out on 19 October 2026, network block rewards are reallocated to services that attract paying users, while unearned service rewards are burned. The token was also included in the Grayscale–Republic Decentralized AI fund with an allocation of about 17.9%, CoinMarketCap stated.
Key facts
- Issuance reduced ~75%
- Genesis vesting ended
- Solstice upgrade rolled out
- Unearned rewards burned
Read the original at CoinMarketCap