VELVET · monthly unlocks, an empty buy side.
VELVET is the governance and fee token of Velvet Capital, a DeFAI on-chain asset-management terminal on BNB Chain and Base — 1B fixed cap, ~420.8M circulating (~42%).
Sell pressure. A fixed 10.4M unlocks on the 10th of each month; three firings land in the window for ~31.2M of emission. The big team and backer cliffs are still years out.
Buy pressure. Fees swap to VELVET and pay veVELVET stakers — that returns tokens to the float, not off it. No burn, no buyback — zero structural absorption.
Net. Steady issuance against nothing — ≈ +7.4% to market over 90 days, structurally inflationary on a young float.
- Monthly unlock+10.4MJul 10, 2026 · added to market
- Monthly unlock+10.4MAug 10, 2026 · added to market
- Monthly unlock+10.4MSep 10, 2026 · added to market
Scheduled monthly unlocks of 10.40M (1.04% of supply) release on the 10th of each month. The 90-day window covers three firings — Jul 10, Aug 10 and Sep 10 2026 — for 31.2M of incentive and vesting emission reaching the float.
The two large cliffs — Team & Advisors (200M) and Early Backers (149M) — are still inside their multi-year cliffs (about 1,115 and 934 days out) and unlock nothing in this window. Their post-cliff emission is captured in the monthly cadence above once it begins.
Tracked overhangs: a DAO Treasury (~20% of supply) plus Foundation and ecosystem funds (combined a large minority of supply), released through governance rather than a wallet drip. No off-schedule deployment observed in the trailing year — monitored.
No bankruptcy estate and no trustee-distribution schedule. Locked allocations release on the published monthly schedule, not as a one-off liquidation.
The fee model swaps 50% of protocol fees into VELVET and pays it to veVELVET stakers — that returns tokens to the float as rewards rather than removing them. No net-removing buyback contract operates at scale this window.
There is no VELVET burn. The one-third burn in the model applies to the separate VU inference token, not to VELVET supply.
No treasury accumulation programme buys VELVET off the market. The DAO Treasury receives the other 50% fee share but is not observed buying the token.
veVELVET vote-locking is voluntary, demand-side holder behaviour, not a protocol-enforced lock with an announced quantum — so the framework monitors it rather than booking it as supply removed.
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