teleo-codex/inbox/archive/2025-11-26-futardio-proposal-buyback-loyal-up-to-nav.md
Teleo Pipeline f70720aa78 reconcile: mark 312 archive sources, add 300 bidirectional links
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- Linking pattern: frontmatter only, file paths as identifiers (Ganymede Option A)

Script: reconcile-sources.py (proposal hash matching + entity name matching)

Co-Authored-By: Epimetheus <noreply@pentagon.ai>
2026-03-27 13:40:24 +00:00

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type title author url date domain format status tags event_type derived_items
source Futardio: Buyback Loyal Up To NAV futard.io https://www.metadao.fi/projects/loyal/proposal/2VjKHNQdkLfHtoH1GtPVseJv1kP3VUoLGcZLc29SttgS 2025-11-26 internet-finance data processed
futarchy
solana
governance
loyal
proposal
decisions/internet-finance/loyal-buyback-up-to-nav.md

Proposal Details

Content

Type: Operations Direct Action
Author(s): Loyal Team And Community Members

If passed, $1.5M USDC of treasury funds will be used to purchase LOYAL tokens with a maximum price set as 0.238 per token.

Motivation

While LOYAL is sitting below NAV, our treasury is an arbitrage opportunity for adversarial capital. We want to protect the treasury against liquidation and ensure we can continue building our vision.

This allocation of capital would allow us:
- Protect our holders who want to see us build our vision.
- Accumulate tokens for OTC deals without increasing the supply.

We raised more than our initial cap, and allocating this capital does not slow down our development. We expect a significant part of the allocated funds remain unspent. Well pull them back with an additional proposal.

Logistics

$1.5M of treasury funds will be used to purchase `LYLikzBQtpa9ZgVrJsqYGQpR3cC1WMJrBHaXGrQmeta` (LOYAL) tokens with a maximum price set as 0.238 per token. These orders will be placed every five minutes over a period of 30 days (for a total of 8640 orders).

The price per token was established by taking the total funds raised minus two months of operating expenses. It does not account for any trading fees accrued from liquidity.

Specifications

Amount: $1.5M
Order Type: Recurring
Order Quantity: 8640
Order Frequency: 5 minutes
Maximum Order Price: 0.238
Effective Time Horizon: 30 days
Estimated Loyal Purchased: 6.3M assuming full use of buyback facility at maximum order price

Process

This proposal includes instructions to execute a Jupiter recurring order as stated above.

NOTE:

  • Any funds remaining in the order (should it fail to complete its total number of orders in quantity) will remain in the DCA account until there is another proposal to cancel the order.
  • All LOYAL tokens will be transferred to the DAOs treasury: AQyyTwCKemeeMu8ZPZFxrXMbVwAYTSbBhi1w4PBrhvYE

Redemption/Buyback cooldown period

No new buyback or redemption proposals shall be submitted or executed for 90 days following the end of this buyback program

Raw Data

  • Proposal account: 2VjKHNQdkLfHtoH1GtPVseJv1kP3VUoLGcZLc29SttgS
  • Proposal number: 1
  • DAO account: GxpJkPEsPmuRCCTNnfZaDKg4X3gf4ZPgmqgFqtibaPtK
  • Proposer: tSTp6B6kE9o6ZaTmHm2ZwnJBBtgd3x112tapxFhmBEQ
  • Autocrat version: 0.6