m3taversal
ea5a859032
- What: Rewrote mtnCapital, Avici, Loyal, ZKLSOL, Paystream, Solomon, P2P.me entities - Why: Entities had wrong parent (futardio instead of metadao), missing investment rationales, no governance activity, stale/thin content. Bot couldn't answer basic questions about MetaDAO launches. - Changes per entity: - Corrected parent: [[metadao]] (curated launches, not futardio permissionless) - Added launch_platform, launch_order fields for proper sequencing - Added investment rationale from original raise pitches - Added governance activity tables (buybacks, restructuring, team packages) - Added open questions and competitive context - Removed hardcoded prices (live tool handles this) - Sources: X research, decision records, source archives, web search Pentagon-Agent: Rio <244ba05f-3aa3-4079-8c59-6d68a77c76fe>
88 lines
4.6 KiB
Markdown
88 lines
4.6 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: "unknown"
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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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- **Product status:** In development. Private AI chat protocol powered by MagicBlock + Arcium confidential computing stack.
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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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