DOT · a staking mint that finally got a ceiling.
DOT is the staking token of Polkadot, the relay chain that secures its parachains — ~1,693.1M circulating and fully liquid, now under a new 2.1B hard cap with issuance cut to about 2.5% a year.
Sell pressure. The chain mints ~10.5M DOT over the next 90 days as staking rewards — down sharply since the March 2026 cap cut.
Buy pressure. Zero. No buyback, and the fee and treasury burns were switched off in early 2026 — nothing removes DOT.
Net. About +0.6% to market over the next 90 days — supply still growing, but far slower than before the cap.
New DOT is minted every block as staking rewards — about 10.5M over the next 90 days at roughly 2.5% a year. That rate is down from the old ~10%: a March 2026 governance overhaul cut gross issuance 53.6% and set a hard 2.1B supply cap, with a further step-down every two years. There is now a ceiling the old model never had.
The 2020 genesis sale, redenomination and early allocations vested out years ago, so total supply already equals circulating — no team, backer or foundation cliff reaches the market.
No discretionary release is scheduled. The on-chain Treasury (~33M DOT, now inside the governance-controlled allocation pool) and the Web3 Foundation reserve are the tracked team-controlled balances; they move only when a spend proposal passes on-chain — monitored.
No bankruptcy estate or court-ordered distribution applies to DOT. Bonded DOT is withdrawable after a 28-day unbonding period — operational, not a long-term lock.
There is no revenue-funded buyback. Staking rewards are paid from new emission, not by purchasing DOT back from the market — monitored.
DOT no longer burns anything. The March 2026 Dynamic Allocation Pool halted every burn — transaction fees, coretime sales and validator slashes now flow into a governance pool instead of being destroyed, and the old unspent-treasury burn was removed. Nothing offsets the mint.
No discretionary open-market buying by the Web3 Foundation or the treasury — monitored.
No new multi-year lock or escrow announced in the window — monitored.
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