Polygon POL

Commentary versus actual token vesting

The forward-looking regime is complete, precise and contract-enforced. Rate, cadence, split and both destination addresses are readable on-chain, with a per-second mint cap. Modelled supply matches actual to +0.0027%. The published "2% annual emission" understates what was actually minted. PIP-26 ran the validator side at 2% then 1.5% before settling at 1%; combined emission was 3% then 2.5% before reaching 2% in July 2025. 700,162,399 POL — 7.00% of genesis — has been minted in under three years, against ~5.7% had a flat 2% applied throughout. The live treasury destination is not the address the governance proposal names. PIP-17 names 0x2ff25495…, which holds 0.07 POL; the Emission Manager's immutable treasury() is 0x86380E13…, holding 85,021,684 POL. No PIP or blog records the change. PIP-17 caps minting at 13.37 POL/second, not the 10 POL/second previously carried. The genesis regime has concluded and is only partly documented. All buckets are 100% unlocked; no per-group cliff, rate, cadence or duration is retrievable from any first-party Polygon source — every genesis vesting figure above is attributed to DropsTab or Binance Research, not to Polygon. A published schedule conflicts with observed behaviour and has never been reconciled. The staking-reward tranche (12% of genesis) had a plan completing December 2021; on-chain analysis found ~790m of 1,200m had arrived — a ~410m MATIC gap. Polygon did not respond. No vesting contract addresses for team, advisor or investor tranches, so none of the historical schedule is independently verifiable. The 2022 staking-rewards correction post quantifies nothing — it discloses a Year 2 overpayment and a Year 3 over-correction without stating any amount. No current first-party allocation or vesting page exists. docs.polygon.technology/pos/concepts/tokens/pol describes the emission mechanism but publishes no allocation table, no contract addresses and no supply figure; polygon.technology carries no tokenomics page.