m3taversal
ea4085a553
- Loyal: added team (Eden, Chris, Basil, Vasiliy — SF-based), product details (privacy-first AI oracle, TEE stack, B2B Q2 2026), Solana ecosystem recognition - ZKLSOL: documented quiet rebrand to Turbine (zklsol.org → turbine.cash), devnet-only status 6 months post-ICO, near-ATL price ($0.048), $142/day volume Pentagon-Agent: Rio <244ba05f-3aa3-4079-8c59-6d68a77c76fe>
98 lines
5.6 KiB
Markdown
98 lines
5.6 KiB
Markdown
---
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type: entity
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entity_type: company
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name: "Loyal"
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domain: internet-finance
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secondary_domains: ["ai-alignment"]
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handles: ["@loyal_hq"]
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website: https://askloyal.com
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status: active
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tracked_by: rio
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created: 2026-03-11
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last_updated: 2026-04-02
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parent: "[[metadao]]"
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launch_platform: metadao-curated
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launch_order: 5
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category: "Decentralized private AI intelligence protocol (Solana)"
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stage: early
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token_symbol: "$LOYAL"
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token_mint: "LYLikzBQtpa9ZgVrJsqYGQpR3cC1WMJrBHaXGrQmeta"
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founded_by: "Eden, Chris, Basil, Vasiliy"
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headquarters: "San Francisco, CA"
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built_on: ["Solana", "MagicBlock", "Arcium"]
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tags: [metadao-curated-launch, ownership-coin, privacy, ai, confidential-computing]
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competitors: ["Venice.ai", "private AI chat alternatives"]
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source_archive: "inbox/archive/2025-10-18-futardio-launch-loyal.md"
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---
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# Loyal
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## Overview
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Open source, decentralized, censorship-resistant intelligence protocol. Private AI conversations with no single point of failure — computations via confidential oracles (Arcium), key derivation in confidential rollups with granular read controls, encrypted chats on decentralized storage. Sits at the intersection of AI privacy and crypto infrastructure.
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## Investment Rationale (from raise)
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"Fight against mass surveillance with us. Your chats with AI have no protection. They're used to put people behind bars, to launch targeted ads and in model training. Every question you ask can and will be used against you."
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The pitch is existential: as AI becomes a primary interface for knowledge work, the privacy of AI conversations becomes a fundamental rights issue. Loyal is building the infrastructure so that no single entity can surveil, censor, or monetize your AI interactions. The 152x oversubscription — the highest in MetaDAO history — reflects strong conviction in this thesis.
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## ICO Details
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- **Platform:** MetaDAO curated launchpad (5th launch)
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- **Date:** October 18-22, 2025
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- **Target:** $500K
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- **Committed:** $75.9M (152x oversubscribed — highest ratio in MetaDAO history)
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- **Final raise:** $2.5M
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- **Launch mechanism:** Futardio v0.6 (pro-rata)
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## Current State (as of early 2026)
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- **Treasury:** $260K USDC remaining (after $1.5M buyback)
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- **Monthly allowance:** $60K
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- **Market cap:** ~$5.0M
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- **Token supply:** 20,976,923 LOYAL total (10M ICO pro-rata, 2M primary liquidity, 3M single-sided Meteora)
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- **Product status:** Active development. Positioned as "privacy-first AI oracle on Solana" — described as "Chainlink but for confidential data." Uses TEE (Intel TDX, AMD SEV-SNP) + Nvidia confidential computing for end-to-end encryption. Product capabilities include summarizing Telegram chats, running branded agents, processing sensitive documents, and on-chain workflows (payments, invoicing, asset management).
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- **Ecosystem recognition:** Listed by Solana as one of 12 official privacy ecosystem projects
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- **GitHub:** Active commits through Feb/March 2026 (github.com/loyal-labs)
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- **Roadmap:** Core B2B features targeting Q2 2026. Broader roadmap through Q4 2026 / H1 2027 targeting finance, healthcare, and law verticals.
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## Team
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SF-based team of 4 — Eden, Chris, Basil, and Vasiliy — working together ~3 years on anti-surveillance solutions. One member is a Colgate University Applied Math/CS grad with 3 peer-reviewed AI publications.
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## Governance Activity — Active Treasury Defense
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Loyal is notable for aggressive treasury management — deploying both buybacks and liquidity burns to defend NAV:
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| Decision | Date | Outcome | Record |
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|----------|------|---------|--------|
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| ICO launch | 2025-10-18 | Completed, $2.5M raised (152x oversubscribed) | [[loyal-futardio-launch]] |
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| $1.5M treasury buyback | 2025-11 | Passed — 8,640 orders over 30 days at max $0.238/token (NAV minus 2 months opex) | [[loyal-buyback-up-to-nav]] |
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| 90% liquidity pool burn | 2025-12 | Passed — burned 809,995 LOYAL from Meteora DAMM v2 pool | [[loyal-liquidity-adjustment]] |
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**Buyback logic:** $1.5M at max $0.238/token = estimated 6.3M LOYAL purchased. 90-day cooldown on new buyback/redemption proposals. The max price was calculated as NAV minus 2 months operating expenses — disciplined framework.
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**Liquidity burn rationale:** The Meteora pool was creating selling pressure without corresponding price support. 90% withdrawal (not 100%) to avoid Dexscreener indexing visibility issues. Second MetaDAO project to deploy NAV defense through buybacks.
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## Open Questions
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- **Product delivery.** $260K treasury and $60K/month burn gives ~4 months runway. The confidential computing stack (MagicBlock + Arcium) is ambitious infrastructure. Can they ship with this runway?
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- **Market timing.** Private AI chat is a growing concern but the paying market is uncertain. Venice.ai is the closest competitor with a different approach (no blockchain, subscription model).
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- **Oversubscription paradox.** 152x oversubscription generated massive attention but the pro-rata mechanism means most committed capital was returned. Does the ratio reflect genuine conviction or allocation-hunting behavior?
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## Timeline
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- **2025-10-18** — MetaDAO curated ICO opens ($500K target)
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- **2025-10-22** — ICO closes. $2.5M raised (152x oversubscribed).
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- **2025-11** — $1.5M treasury buyback (8,640 orders over 30 days, max $0.238/token)
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- **2025-12** — 90% LOYAL tokens burned from Meteora DAMM v2 pool
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---
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Relevant Notes:
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- [[metadao]] — launch platform (curated ICO #5)
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- [[internet capital markets compress fundraising from months to days because permissionless raises eliminate gatekeepers while futarchy replaces due diligence bottlenecks with real-time market pricing]] — 4-day raise window with 152x oversubscription
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Topics:
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- [[internet finance and decision markets]]
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