SEP #5 decided that half of the unredeemed token of the initial user allocation are redistributed proportionately to all those who previously redeemed their allocated tokens (Allocation A). According to SEP #5

The other half (Allocation B) would be considered “set aside” and could be used, for example, for airdrops to L2 Safes, to reward contributors behind public goods, to give those who failed to redeem the original airdrop a second chance, or for other causes that aren’t mentioned in SEP #5 but expand the number of token holders.

<aside> ✍️ Separate SEPs would have to be written for specific actions to be taken, as voting for allocation B only has a signaling effect.

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The redemption period for allocation A ended October 27, 2023.

Token redemption rate: 58.05%

Wallet participation rate: 59.08%

Allocation B: 16.1M

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[SEP #5] Redistributing Unredeemed Tokens From User Airdrop Allocation