TEC redemption claims status update

🧭 TEC Strategy & Governance
1

Hey all!

Now that the redemption window has closed (19 June 2026), I wanted to raise a note on potentially formally extending the deadline, given the lack of turnout.

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So far, only 59 of 724 eligible wallets claimed; about 8%. That leaves 665 holders and roughly 450,000 TEC (~40% of the snapshot supply) unredeemed.

The quick picture:

  • Snapshot: block 144,895,034 (10 Dec 2025), 724 holders, ~1,107,831 TEC.
  • Claimed: 59 wallets (~8%), ~657,800 TEC (~59% of supply).
  • Unclaimed: 665 wallets (~92%), ~450,000 TEC (~40%).
  • Almost all of the unclaimed is ordinary wallets — 641 EOAs (~421k TEC), plus 9 Safes (~27k) and a handful of other contracts.

So, larger holders were in the loop and moved early, but the overwhelming majority of participants don’t seem to be aware and never claimed. A 92% no-show by wallet count reads much more like people missing the window than people deciding to forgo their share.

Given that, I think the claim window should probably be extended to give the long tail a fair chance, ideally with a bit of a different outreach, since most of these are reachable wallets rather than lost contracts.

Worth a discussion before anything gets swept with claimRemaining().

Full data here: tec-winddown | Dune

2

Thanks for sharing the data, Rex.

One important piece of context is that the TEC distribution is highly concentrated. Roughly 90% of the redeemable TEC was held by the top 100 wallets at the snapshot, while the remaining ~10% was distributed across the other 624 wallets.

Because of this, our outreach strategy was not focused on treating all 724 wallets equally. We prioritized reaching the holders representing the vast majority of the redeemable supply through direct outreach alongside repeated communications through TEC channels.

Looking at wallet count alone can therefore be misleading. While only 59 wallets have claimed, those claims represent nearly 60% of the redeemable supply, which tells a different story than the wallet participation numbers by themselves.

That said, we agreed that there may still be eligible participants who missed the process, which is why the claim window has been extended and outreach efforts will continue during the extension period.