FIL · the biggest tap is not the mint.

Storage providers earn freshly minted FIL for producing blocks, and the amount shrinks over time by design. Counting the coins the chain actually created between the two ends of this window rather than multiplying a headline rate, the mint came to 5.5M FIL — and it is fading: the same measurement over the previous 90 days gave 5.8M, and the run rate slid from 61,802 to 59,148 FIL a day across this one. Only a quarter of each reward is spendable at once; the rest is released gradually over the following 180 days, and that backlog is shrinking slightly as the mint decays.

Filecoin set aside 400M FIL at launch for its founding organisations, released in a straight line over exactly six years. It is the single largest tap on the coin: 16.8M FIL this window, 187,126 a day, and the rate has not changed by a single coin. It ends on Oct 14 2026 — a date read off the release contracts themselves rather than a calendar — with 9.9M FIL left to come and nothing after that, ever.

Two team-controlled pools are watched and neither adds supply this window. The 282.9M FIL mining reserve sat at exactly the same balance at both ends and has not been touched since 2021; releasing it needs a governance decision, and the live proposal would burn it rather than release it. The founding organisations' release contracts did drain hard — 47.3M FIL down to 12.9M — but those coins were already counted as circulating before they moved, so booking them again would double-count. Of the 12.9M still held, 9.6M is on the schedule above and 3.3M is already released but undrawn. If either balance falls between refreshes beyond its schedule, the outflow lands in this row.

No bankruptcy estate, trustee schedule or court-ordered distribution applies to FIL.

This is the tap nobody quotes, and it is bigger than the mint. Storage providers must lock FIL as collateral behind every sector they store, and that collateral is not counted as tradable. Filecoin's storage capacity is shrinking — raw capacity fell from 1.77 to 1.40 exabytes over the window, a 21% drop — and every provider who lets a sector expire gets their collateral back. The locked pool fell from 81.0M to 65.3M FIL, so 15.7M already-minted FIL came back onto the market without a single new coin being created. The drain is speeding up, not slowing: 5.9M in the first six weeks, 9.9M in the last seven.

Filecoin has no buyback of any kind — no contract, no treasury programme, no revenue-to-token pipe. Fee income is destroyed rather than recycled, so there is nothing here to count.

Every gas fee, storage penalty and sector-termination fee on Filecoin is sent to an account nobody holds the key to, so those coins are gone for good. There is no transfer to watch — the measurement is that account's balance at each end of the window, which rose from 42.21M to 42.87M FIL, so 0.7M FIL was destroyed. It is lumpy rather than steady: the burn ran 3,741, then 8,230, then 14,908, then 2,159 FIL a day, with the July surge coming from providers paying to terminate sectors early.

No public evidence of release in window — monitored.

Storage collateral is the only real lock on Filecoin, and it ran the wrong way this window — it emptied instead of filling, which is why it appears on the sell side above rather than here. There was no week inside the window where the locked pool grew. A vote-locked governance token has been floated in research but no proposal exists.