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CoW ProtocolCOW

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CoW Protocol Token Unlock Schedule

Track COW token unlocks and vesting releases for CoW Protocol. View upcoming unlock dates, cliff schedules, and circulating supply impact.

Produced by Tokenomics.com in collaboration with BlackTokenomics.
TGE DateMarch 28, 2022
Vesting End DateMarch 28, 2026
Unlock Events Remaining0 of 49
Vesting Progress
56%
0%100%
Locked44.4%
Unlocked55.6%
CoW Protocol tokenomics logo

CoW ProtocolCOW

No Scheduled Unlocks

44.4% of supply is locked with no scheduled unlocks

COW Unlock Schedule Details

Detailed breakdown of all scheduled COW token unlocks

Unlock Date
% of MCAP
Unlock Recipients
Countdown
Sep 28, 20251.90%
11 months ago
Oct 28, 20251.90%
10 months ago
Nov 28, 20251.90%
9 months ago
Dec 28, 20251.80%
8 months ago
Jan 28, 20261.80%
7 months ago
Feb 28, 20261.80%
6 months ago
Mar 28, 20261.70%
5 months ago
Showing 43-49 out of 49

COW Price & Unlock History

Track historical unlock events and their impact on price

Price Impact of Past COW Unlocks

The worst price drop in the 14 days after each COW unlock.

Unlock Date
% of MCAP
Unlock Recipients
Unlock Impact
Mar 28, 20261.70%
0.1%in 3 days
Feb 28, 20261.80%
-2.6%in 3 days
Jan 28, 20261.80%
-35.1%in 10 days
Dec 28, 20251.80%
-1.1%in 3 days
Nov 28, 20251.90%
-9.3%in 4 days
Oct 28, 20251.90%
-27.6%in 9 days
Sep 28, 20251.90%
-44.5%in 13 days
Average---16.9%in 8 days
Showing 1-7 out of 49

COW Token Unlock FAQ

Key questions and answers about CoW Protocol token unlocks and vesting schedule

What is the COW token unlock schedule?

CoW Protocol's token unlock schedule spans from March 28, 2022 to March 28, 2026 (~48 months), releasing a total of 1,000,000,000 COW tokens across 49 unlock events. The initial circulating supply at TGE was 0% of total supply. As of now, 55.6% of all tokens have been unlocked.

  • TGE date: March 28, 2022
  • Final unlock: March 28, 2026
  • Total unlock events: 49
  • Vesting duration: ~48 months
  • Initial float: 0%
  • Currently unlocked: 55.6%

What is the total supply and circulating supply of COW?

COW has a total supply of 1,000,000,000 tokens. As of August 2026, approximately 58.1% (581,302,527 tokens) are in circulation per market data, while 44.4% (444,000,000 tokens) remain locked per the vesting schedule.

  • Total supply: 1,000,000,000 COW
  • Circulating (market): 581,302,527 (58.1%)
  • Locked per schedule: 444,000,000 (44.4%)

Who receives COW token unlocks?

COW token unlocks are distributed to 5 groups: Foundation, Insiders, Community, Public Investors, and Private Investors. The largest allocation (54.4%) goes to Foundation.

Foundation (54.4%) — 544,000,000 COW:

  • CoW DAO Treasury: 44.4%
  • GnosisDAO: 10% (48 Month Linear Vesting)

Insiders (15.6%) — 156,000,000 COW:

  • Team: 15% (48 Month Linear Vesting)
  • CoW Advisory: 0.6% (48 Month Linear Vesting)

Community (10%) — 100,000,000 COW:

  • Community Airdrop: 10% (100.0% at TGE )

Public Investors (10%) — 100,000,000 COW:

  • Community Investment: 10% (48 Month Linear Vesting)

Private Investors (10%) — 100,000,000 COW:

  • Investment Round: 10% (48 Month Linear Vesting)

When will all COW tokens be fully vested?

All COW tokens will be fully vested by March 28, 2026. Currently 55.6% of the total supply has been released, with 44.4% (444,000,000 tokens) remaining across 0 future unlock events.

  • Released: 55.6% (556,000,000 COW)
  • Remaining: 44.4% (444,000,000 COW)
  • Final vesting date: March 28, 2026
  • Remaining events: 0

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