Pendle Token Unlock Schedule
Track PENDLE token unlocks and vesting releases for Pendle. View upcoming unlock dates, cliff schedules, and circulating supply impact.
Produced by Tokenomics.com with data verified by the Pendle team.
TGE DateApril 27, 2021
Vesting End DateApril 28, 2031
Unlock Events Remaining55 of 121
Vesting Progress
84%
0%100%
PendlePENDLE
Next Unlock Oct 28, 2026
21Days
03Hours
49Min
25Sec
- USD Value
- $1.1M
- Tokens
- 444.7K
- % of Supply
- 0.1%
- % of MCAP
- 0.2%
Unlock Recipients
- Foundation100.0%
PENDLE Unlock Schedule Details
Detailed breakdown of all scheduled PENDLE token unlocks
PENDLE Price & Unlock History
Track historical unlock events and their impact on price
Price Impact of Past PENDLE Unlocks
The worst price drop in the 14 days after each PENDLE unlock.
PENDLE Token Unlock FAQ
Key questions and answers about Pendle token unlocks and vesting schedule
What is the PENDLE token unlock schedule?
Pendle's token unlock schedule spans from April 27, 2021 to April 28, 2031 (~120 months), releasing a total of 319,368,058 PENDLE tokens across 121 unlock events. The initial circulating supply at TGE was 0% of total supply. As of now, 84.3% of all tokens have been unlocked.
- TGE date: April 27, 2021
- Final unlock: April 28, 2031
- Total unlock events: 121
- Vesting duration: ~120 months
- Initial float: 0%
- Currently unlocked: 84.3%
What is the total supply and circulating supply of PENDLE?
PENDLE has a total supply of 319,368,058 tokens. As of October 2026, approximately 54.4% (173,623,968 tokens) are in circulation per market data, while 15.7% (50,266,520 tokens) remain locked per the vesting schedule.
- Total supply: 319,368,058 PENDLE
- Circulating (market): 173,623,968 (54.4%)
- Locked per schedule: 50,266,520 (15.7%)
- Unlocked but not yet in market: 95,477,570 (29.9%)
When is the next PENDLE token unlock?
The next PENDLE token unlock is scheduled for October 28, 2026 (in 22 days), releasing 444,672 tokens (0.1% of total supply). This unlock represents 0.2% of Pendle's current market cap.
- Date: October 28, 2026 (in 22 days)
- Amount: 444,672 PENDLE
- % of total supply: 0.1%
- % of market cap: 0.2%
Recipient breakdown for this unlock:
- Foundation: 100%
How do PENDLE token unlocks affect the price?
Token unlocks increase circulating supply, which can create selling pressure. The largest upcoming PENDLE unlock releases 0.2% of market cap worth of tokens on October 28, 2026. In total, 55 upcoming unlocks will release 27,551,349 tokens (8.6% of total supply).
- Largest unlock: 0.2% of market cap on October 28, 2026
- Largest unlock size: 0.1% of total supply
- Remaining unlocks: 55 events
- Remaining tokens to unlock: 27,551,349 PENDLE (8.6%)
Larger unlocks relative to market cap tend to generate stronger selling pressure. Unlocks going to investors and insiders are often considered higher-risk for price impact than those going to community or ecosystem pools.
Who receives PENDLE token unlocks?
PENDLE token unlocks are distributed to 4 groups: Foundation, Insiders, Private Investors, and Public Investors. The largest allocation (64.6%) goes to Foundation.
Foundation (64.6%) — 206,398,233 PENDLE:
- Liquidity Incentives: 50.5% (1.2M/Week for 26 Weeks, 1.1% Weekly Decay to Week 260, Then 2% Annual Inflation)
- Ecosystem Fund (Unallocated): 7.1% (No information)
- Ecosystem Fund (Allocated): 7.1% (50.0% at TGE , 12 Month Cliff, 1 Month Linear Vesting)
Insiders (18.1%) — 57,762,129 PENDLE:
- Team: 17.3% (12 Month Cliff, Linear Vesting Every 3 Months x4)
- Advisors: 0.8% (3 Month Cliff, Linear Vesting Every 3 Months x4)
Private Investors (11.8%) — 37,645,965 PENDLE:
- Private Round: 11.8% (3 Month Cliff, Linear Vesting Every 3 Months x4)
Public Investors (5.5%) — 17,561,731 PENDLE:
- Liquidity Bootstrapping Pool: 5.5% (100.0% at TGE )
When will all PENDLE tokens be fully vested?
All PENDLE tokens will be fully vested by April 28, 2031 approximately 55 months from now. Currently 84.3% of the total supply has been released, with 15.7% (50,266,520 tokens) remaining across 55 future unlock events.
- Released: 84.3% (269,101,538 PENDLE)
- Remaining: 15.7% (50,266,520 PENDLE)
- Final vesting date: April 28, 2031
- Time remaining: ~55 months
- Remaining events: 55
