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Period: Oct 21, 2025 → Dec 31, 2025
Currency: USDC
Accounting view: Cash basis (expenses recognized when paid)

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What Happened This Quarter

During the Oct 21–Dec 31 reporting period, Loyal achieved several key milestones:
  • Fundraise: Raised via MetaDAO on Oct 21 with 2,500,000 USDC net received (team accounting figure)
  • Shipped:
    • askloyal.com — private LLM with agentic skills
    • Loyal Telegram app — private AI for Telegram (summaries, spam filtering, etc.)
  • Team buildout: Hired a developer, UX/UI designer, two Discord moderators, and a community lead
  • Governance executed: Two MetaDAO proposals passed during the period

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Organizational Status

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Expense Details

Total operating expenses paid (Oct 21–Dec 31): 131,803.94 USDC
This operating expense summary excludes governance-directed capital actions (e.g., buybacks and liquidity changes), which are disclosed separately and are inherently dynamic.

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Monthly Breakdown

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Statement of Operations

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Spending Analysis

  • Salaries (66.76%) represent the majority of spending, consistent with a post-raise build phase (engineering, design, and community operations)
  • Marketing (16.21%) increased materially in December relative to October/November, indicating intensified distribution and/or launch preparation activities
  • Legal (7.32%) reflects ongoing structuring and legal work during incorporation and operational setup
  • Administrative + Software (6.62% combined) remain comparatively low as a share of total spend, indicating a lean tooling/overhead posture during this initial period

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Income Statement

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Balance Sheet

Snapshot date: Jan 13, 2026 (outside the Oct 21–Dec 31 reporting window)

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Published Addresses

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USDC Assets

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Token Balances

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Governance Actions

Loyal’s treasury is governed through MetaDAO proposals and executed transparently on-chain. In the early stage, treasury strategy has two parallel objectives:
  1. Fund product development and operations
  2. Manage market structure responsibly via governance-approved actions
During this period, the community authorized a structured buyback program (recurring buys with a maximum price) and approved a liquidity adjustment intended to reduce unnecessary selling pressure from a single-sided liquidity position by withdrawing and burning tokens while retaining withdrawn USDC in the treasury.

Buyback LOYAL Up To NAV

Status: PassedThe community approved a structured, time-distributed LOYAL buyback program, designed to buy tokens using treasury funds with a defined maximum price.Key terms:
  • Allocation: $1.5M of treasury funds
  • Asset: LOYAL token
  • Max price: 0.238 per LOYAL
  • Mechanism: Recurring orders every 5 minutes over 30 days (8,640 orders)

Liquidity Adjustment Proposal

Status: PassedThe community approved a liquidity action intended to reduce unnecessary selling pressure from a single-sided liquidity position.Key terms:
  • Action: Withdraw 90% of tokens remaining in the single-sided Meteora DAMM v2 pool and burn half of this amount
  • USDC: Withdrawn USDC remains in the project treasury
  • Pool address: BGg7WsK98rhqtTp2uSKMa2yETqgwShFAjyf1RmYqCF7n
  • Referenced amount: 809,995 LOYAL