February Update We appreciate your patience as we work through the final stages of the wind-down process. Extended Deadline: The redemption deadline has been extended to February 28, 2026. Here is the distribution estimate as of February 18, 2026: * Estimated Distribution: ~5.332 SONIC (S) per COMB - Based on current redemption levels (~82,577 COMB redeemed as of Feb 18, 2026) - Ratio is based on current participation and will adjust as tokens are redeemed. - Final distribution ratio will be calculated based on total redemptions as of February 28, 2026 - All token holders who redeem by the deadline will receive the same per-token distribution. Timeline: * February 28, 2026: Final redemption deadline * Post-February 28, 2026: Process distributions once all conditions are met Thank you for your continued patience.

RT @combfinancial: February Update We appreciate your patience as we work through the final stages of the wind-down process. Extended De…

RT @combfinancial: July Update The patience of the community over the last several months has been deeply appreciated as our professional…

July Update The patience of the community over the last several months has been deeply appreciated as our professional advisers worked through the outstanding tax and legal issues for the dissolution of the DAO and distribution of remaining assets to the token holders. We have now, at long last, completed the accounting and tax review, and are nearly ready to begin the actual distribution of residual assets. The purpose of this post update the community on the results of the tax and accounting efforts, and provide an updated timeline and details regarding the claim and distribution process. Liabilities Starting with the former, after an intensive analysis and accompanying accounting effort, we concluded that the DAO is obligated to file and pay US taxes, and should do so (basically) in such a way that it is taxed as a corporation. Specifically, we concluded that the DAO qualifies as a publicly traded partnership (PTP) under IRC § 7704(a), which means it is treated as a C Corporation for federal tax purposes unless at least 90% of its income is passive, as defined in IRC § 7704(c). Following a review of the DAO’s income sources, we determined it does not meet this passive income exception. Accordingly, the DAO is to be taxed as a corporation. In addition to aligning with the conclusions of outside advisors, taking this position avoids both (i) the need to provide personal information regarding every token holder to the IRS, and (ii) what would likely be a higher total cost and tax burden overall. The current outstanding liability of the protocol stands to be roughly ~$929,768 ($909,768 in taxes $20,000 in partial reimbursement of professional services). Liquidations With the treasury, primarily denominated in Sonic tokens (S), it is required to liquidate enough of these assets to cover all confirmed tax liabilities and associated wind-down expenses. These proceeds will be converted into stablecoins (e.g., USDC) and reserved solely for that purpose. Once the full tax reserve is secured in stablecoins, all remaining assets—including previously liquid S holdings—will be retained in S for the purpose of distribution to COMB token holders. No further liquidations will be conducted beyond what is required to satisfy the DAO's liabilities. We have already secured $500,000 in stablecoins, which significantly reduces the liquidation burden. To responsibly cover the remaining shortfall, we will conduct monthly liquidations over a six-month period, targeting the following cumulative thresholds of the total liability amount: - Month 1: 10% of remaining shortfall - Month 2: 30% total (an additional 20%) - Month 3: 65% total (an additional 35%) - Month 4: 100% total (an additional 35%) Additionally, if at any point during this process the total value of the treasury reaches or exceeds $1.3 million USD, we will immediately liquidate the remainder needed to fully satisfy all liabilities, regardless of the original schedule. This ensures we lock in sufficient coverage under favorable market conditions. Estimated Distribution Value per COMB At this stage, we are not yet in a position to provide an estimated redemption value per COMB token, as the DAO's liabilities—primarily tax-related—have not yet been fully covered. An initial estimate will only be published once sufficient funds have been secured to fully satisfy those obligations. As a reminder to the redemption details, the founder role will be excluded from distributions or compensation, and all protocol-controlled COMB tokens will be excluded from the redemption calculation. All redemption proceeds will be distributed in Sonic (S), with no contingent holdbacks planned for the final distribution phase. Distributions will proceed as broadly outlined in the previous post linked here: (discord.com/channels/9198197…), with a number of modifications and elaborations described below. In order to interact with the distribution smart contract, you will need to have completed the Claim Eligibility Process, use your whitelisted, associated wallet address to do so, and hold an Agreement NFT in that wallet at the time you call the claim function. The Agreement NFT is obtained by consenting to the consent to dissolution and waiver & release agreement, and minting the NFT will act as evidence of your consent to those terms. We recommend that you should absolutely read it yourselves, but the idea is that they are intended to address two major key issues: - We need to take certain formal legal steps dissolve the DAO, and establish the legal entitlement of each recipient to DAO proceeds. - We want to ensure that everybody agrees not to sue each other as a condition of the receipt of proceeds. This applies to both current and former team members at the protocol, of course, but also as between yourselves as token holders. Given the extended opportunity already for holders to complete the claim eligibility process, we are going to shorten the distribution period. The initial claim period will start as soon as the contract and access portal go live, and will run for six months. An extension will be made for KYC and will remain accessible until August 26th, 2025, so you must have completed your KYC by that time to be eligible for a distribution. Initial distributions of the base amount of S per COMB will be made once at least 50% of the eligible KYC’d addresses have minted an Agreement NFT and submitted their claim via the portal and the treasury has been fully liquidated. At the end of that claim period, the residual assets in the treasury will be automatically distributed on a pro rata basis to all prior claiming wallets. Finally, we are implementing a ticket system in Discord (discord.com/channels/9198197…) to handle questions or technical issues that arise in this process, both to ensure smooth and prompt attention to any requests, and preserve confidentiality if you need to reveal any personal information in the process. Please direct any questions or requests for assistance through the ticket system pursuant to the instructions pinned in the linked channel. For those who cannot access this ticketing system on Discord, you may also reach out via Twitter DM where it will be processed. Next Steps Please proceed to claims.comb.financial/redemp… with a KYC’d wallet to mint your Agreement NFT and submit your claim. Once that has been completed, you will be eligible for distributions which will be airdropped directly into your wallets. This is the final step of the closure.

RT @combfinancial: April Update Previous Update: x.com/combfinancial/status/1… Below is a step‑by‑step guide to: • Unlock your COMB tokens fro…

April Update Previous Update: x.com/combfinancial/status/1… Below is a step‑by‑step guide to: • Unlock your COMB tokens from protocol assets (Podz, Capsules, zCOMB) • Verify your eligibility for Hive redemptions • Complete KYC in preparation for distributions We ask that all members of the ecosystem to take these necessary steps as soon as possible to avoid any delays and/or eligibility issues. 1. Redeeming Hives Users that meet the following conditions will be eligible to redeem their Hive's for COMB tokens. """ Given that the total deposit value exceeds your total claimed value, any hives under that wallet will be able to be redeemed for their creation cost. We will conduct a snapshot of hive ownerships on May 4th, 2024. Transferring of hives from this point onwards will not be eligible for hive redemptions, the hives must be returned to the owner address that was snapshotted on May 4th, 2024 in order to redeem. What is considered a deposit: • USD value of COMB used during Hive creation • USD value of tokens used during Hive purchases on the Marketplace What is considered a claim: • USD value of COMB claimed directly to wallet before Hive migration • USD value of COMB claimed directly to wallet after Hive migration • USD value of COMB claimed to zCOMB lock • USD value of COMB claimed to Podz/Capsules • USD value of tokens used during Hive sales on the Marketplace """ To check your eligibility and/or to redeem your Hives, go to claims.comb.financial/hives and follow the instructions. 2. Unlocking zCOMB/Podz/Capsules If you hold time‑locked zCOMB, Podz, or Capsules, you must first unlock these assets before withdrawing your COMB tokens: 1. Go to claims.comb.financial/unlock and connect your wallet. 2. Follow the instructions to unlock your time-locked assets. zCOMB 1. Open app.comb.financial/zcomb 2. Click "Claim" to collect any remaining rewards. You may have to claim rewards multiple times until there are no rewards left. 3. Click "Withdraw" to transfer your COMB tokens back to your wallet. Podz/Capsules 1. Open beta.comb.financial/dashboar… and scroll to the bottom of the page. 2. If no assets appear, use the dropdown next to "Claim All" to select your Podz or Capsule type. 3. Click "Claim All" to collect rewards. You may have to claim rewards multiple times until there are no rewards left. 4. Once rewards are claimed, click on each asset and select Destroy NFT. Although the NFT remains visible, its balance should be zero. 3. Performing KYC Before distributions, all participants must complete a Know‑Your‑Customer (KYC) check. Please consolidate all of your COMB tokens into a single wallet prior to KYC to avoid processing delays. 1. Visit claims.comb.financial/kyc 2. Connect the wallet containing your consolidated COMB balance. 3. Follow the instructions to complete identity verification. Important: Submitting multiple KYC requests from different wallets may lead to delays or complications. 4. Next Steps Once KYC is complete, you have fulfilled all preparatory requirements. Token redemptions are currently unavailable while we resolve liabilities to determine an estimated distribution amount per COMB token. We will announce the redemptions process as soon as that information becomes available. Thank you for your patience and continued support during this process.

July Update We have been working diligently with professional advisers to ensure a wind-down process for all community members, and have some updates to share with you. A. Distribution Timeline Update As discussed in the original post, holders of Hives, Capsules/Podz, zCOMB, and COMB positions will be eligible for redemptions and distributions, with COMB holders specifically participating in distribution of the general protocol-controlled assets. To ensure a balance of fairness and expeditiousness, we have established the following timeline for redemptions, withdrawals, and distributions: Redemption Period, Week 1 (Approximately one week from now): Capsules/Podz and zCOMB will be manually unlocked for claim. Redemption process goes live for Hives. You can access the redemption portal at: claims.comb.financial/, which will also be the portal for submitting COMB claims when that process becomes available. Week 1 to Month 3: Redemption window for Hives remains open. Initial KYC and wallet verification becomes available for COMB claims. To become an eligible COMB holder, complete the Claim Eligibility Process (see Section B below) Initial Distributions, approximately Month 3: Initial distributions will begin once we determine how much will need to be initially reserved for payment of outstanding liabilities. Eligible COMB holders will be able to interact with a smart contract using their verified, whitelisted wallet address to claim their pro rata share of initial distribution amounts based on an assumed distribution to all outstanding COMB holders. Each redeeming COMB holder will have a wallet snapshot taken at the time of redemption for purposes of determining later distributions. Second Distribution, Month 12 (9 months after initial distribution): Redemption process freezes for Hives immediately prior to end of claim period. Claim period ends 9 months after initiation. At the end of the claim period, all assets left unclaimed will be distributed ratably to those wallets which did submit an eligible claim on a pro rata basis of their COMB holdings in the wallet snapshots discussed above. Final Distribution, 24-36 Months (after second distribution): Final distribution for eligible holders to receive any remaining value from tax and contingent liability reserves, again on a pro rata basis of their COMB holdings in the wallet snapshots discussed above. Important notes: The clock on each claim window begins and depends on when the eligibility portals are fully established. Unclaimed assets at the end of each subsequent distribution will be automatically distributed to previously-verified and eligible claimant holders. The wallet used for KYC and to demonstrate token claims will be the same wallet used for all distributions. Please be sure to use a wallet for the claim process that you are comfortable receiving distributions at a later date, potentially many months later. B. Claim Eligibility Process In order to be eligible for a claim with respect to protocol assets using your COMB, you will need to (i) provide basic know-your-customer (KYC) information to our third-party partner, (ii) link your wallet holding the COMB to the portal, and (iii) sign a mutual waiver and release agreement with respect to the team and community. Once the verification process is live, you will be able to complete the initial KYC verification and link your wallet for verification of your holdings at claims.comb.financial/. We will publicize both the availability of the initial verification process, and the subsequent smart contract and whitelist for actual redemptions, via X, Discord, and the claim portal itself, so be sure to check back on a regular basis. KYC procedures before distributing claims to protocol value are required to comply with anti-money laundering (AML) regulations, prevent fraud, and ensure that distributions are made only to eligible and verified participants, thereby protecting the integrity of the protocol through dissolution. Note that the wallet linked in step B.(ii) herein will be the same wallet to receive all distributions. C. Additional Updates We are working with professional advisors to finalize exact distribution amounts and deadlines. We strongly encourage you to complete the initial KYC and verification process as soon as the portal is available to avoid any delays in processing your claims. We appreciate your patience as we come to the end of this journey together.

The ability to claim COMB rewards for Hives and Pools has been turned off on our frontends. In the next phase of the closure, we are looking to provide a redemption process for users to unlock their assets and redeem COMB for treasury assets. We optimistically aim to finalize this phase sometime this month and will keep the community updated as we progress. Stay tuned to announcements on our socials or claims.comb.financial Note: Timelines are not concrete and may adjust as we finalize this phase, any updates regarding the timeline will be shared ahead of time.

If you have any remaining Hive rewards or Pool rewards, it is important that you claim them within the next three days. After June 7th, no more COMB will be minted for Hives or Pools as we are seeking closure. After this period, we optimistically aim within this month to have a redemption portal for users to redeem their COMB tokens for treasury value, we will keep the community updated on the matter.

The COMB Protocol is closing down. If you have any remaining Pool or Hive rewards, make sure to claim them by June 6th as they will no longer be issued past that date. Join our Discord for more information discord.com/invite/UCTSvXy5p…

We have put together a proposal for the closure of the COMB Protocol. Please take the time to check our Discord to understand the situation. discord.gg/UCTSvXy5pR

Don’t forget to get your votes in on @Equalizer0x and secure your share of this weeks bribe on the $COMB - $wFTM pool!

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