Provide a narrative description of the purpose of the project.
Loyal is building financial tools for the agentic era. AI agents are becoming a new interface for finance, but they still lack the trust, privacy, and accuracy required to handle sensitive financial data and execute major operations safely. Loyal provides the missing execution layer that lets agents help with payments, transfers, and capital workflows while keeping users in control. In practice, Loyal lets users create private wallets, set spending limits and permissions, approve critical actions, and allow approved agents or applications to operate only within predefined guardrails. This can support standalone financial products, embedded integrations, and developer tools such as Claude Code. Loyal is built on Solana and is designed around a simple principle: agents can assist with financial execution, but a human remains in the loop for every critical action.
For each existing entity, list key team members with full name, official title, and prior experience. Explicitly mark non-existent entities.
Full Name | Official Title | Prior Experience |
|---|---|---|
Chris Cherniakov | Initial member / Co-founder | Co-founded Telemetree Inc (the largest data platform on Telegram). Product and development lead; background in applied math, computer science, and AI research. |
Rodion Aleksandrov | Initial member / Co-founder | Co-founded Telemetree Inc (the largest data platform on Telegram). Marketing and BD lead; background in physics and technical operations. |
Basil Tiselko | Initial member / Co-founder | Co-founded Telemetree Inc (the largest data platform on Telegram). AI and research lead; background in computational neuroscience, physics, and network science. |
Vasiliy Kondyrev | Initial member / Co-founder | Co-founded Telemetree Inc (the largest data platform on Telegram). Community, legal, and operations lead; background in philosophy, graph theory, crypto investing, investor relations, and partnerships. |
Blockworks note: Labs/DevCo |
Describe DAO governance, powers, economic rights, and control surfaces. If no DAO exists, state so and still address current tokenholder governance rights and economic arrangements.
Loyal DAO LLC controls the project assets, tokens, and other property held in or controlled by the Company Accounts, unless otherwise determined by the Futarchic Mechanism. To the extent project IP, code, trademarks, brand assets, or other intangible assets have been assigned or transferred to Loyal DAO LLC, those assets are controlled by the DAO structure. Loyal’s public materials also describe the protocol as open source, decentralized, censorship-resistant, and auditable.
The ordinary and usual business decisions of Loyal DAO LLC are made by the Futarchic
Mechanism. Members and agents may bind the Company only when authorized by the Futarchic Mechanism and only within the scope of that authorization. ICO proceeds and treasury assets are held through a Squads multisig governed by MetaDAO / DAO processes. The current MetaDAO fundraise page shows a $60,000 monthly allowance. Any withdrawal above the applicable allowance, or any change to the allowance, must pass the applicable DAO / MetaDAO governance process.
No separate locking or staking mechanism that gives tokenholders additional governance rights
exists. Insider/team and pre-ICO angel vesting exists, but this is an economic lockup / release mechanism, not a separate locked-token governance-rights mechanism.
LOYAL tokenholders participate in governance through MetaDAO decision markets. Material
treasury actions, larger spends, and new token issuance are governed through MetaDAO / DAO processes. Loyal’s treasury is governed through MetaDAO proposals and executed on-chain. Governance-approved actions have included a structured LOYAL buyback program and liquidity adjustments involving the DAO’s liquidity positions. Protocol fees route to the treasury by default and that the DAO decides how treasury resources are redeployed, including for operations, liquidity, buybacks/burns, or grants. Members do not have automatic rights to Company profits, losses, assets, or distributions except as expressly approved by the Futarchic Mechanism, and then only as compensation for services rather than as a direct ownership interest in Company assets.
The current control surface relies on MetaDAO decision markets, the Loyal DAO LLC legal wrapper, and disclosed Solana accounts including the Squads treasury, Futarchy AMM LP, Meteora LP, operating wallet, and LOYAL mint. Over time, treasury policies, liquidity provisioning, treasury diversification, emergency reserves, and other material control decisions are expected to be handled through DAO proposals / decision markets.
Loyal DAO LLC may be dissolved and wound up only as, when, and to the extent approved by
the Futarchic Mechanism, except where applicable law requires otherwise.
Blockworks note: Loyal has a DAO structure through Loyal DAO LLC, a Marshall Islands decentralized autonomous organization limited liability company. The DAO is governed through the MetaDAO / Futarchic Mechanism, where material decisions are approved through market-driven governance rather than ordinary discretionary management.
Describe the Primary Foundation, including entity details, IP ownership, governance or token powers, contract/admin powers, and economic arrangements. If it does not exist, state so explicitly.
Blockworks note: No separate Primary Foundation currently exists.
Describe the Primary Developer Company, including entity details, IP ownership, governance or token powers, contract/admin powers, and economic arrangements. If it does not exist, state so explicitly.
Blockworks note: No separate Primary Developer Company currently exists as a distinct legal entity apart from Loyal DAO LLC.
Identify affiliated protocol contributors and explain their control, funding, or operational relationship to the project. If none exist, state so explicitly.
Blockworks note: Loyal does not currently have any Affiliated Protocol Contributor as defined for this section.
Disclose launch and initial supply details in a single initial allocation schedule covering the token's launch. Include:
Loyal launched the LOYAL token on Solana through a MetaDAO public token sale / ICO in October 2025.
The token launched through a MetaDAO public token sale / pro-rata raise. The public sale allocation was 10,000,000 LOYAL, and Loyal received 2,500,000 USDC through the MetaDAO raise, implying an effective public sale price of $0.25 per LOYAL.
Ticker / market symbol: LOYAL.
Total supply at launch: 20,976,923 LOYAL.
The launch allocation schedule accounts for 100% of the initial total supply. Any new token issuance or material change to token administration would be subject to the applicable Loyal DAO / MetaDAO governance process.
If there are not post-TGE token compensation plans state explicitly they do not exist. If there are then state the:
grants is 0 tokens, representing 0% of current circulating supply. Separately, Loyal has initial launch allocations for team and pre-ICO angels. These are not post-TGE employee compensation grants. The team allocation is 5,873,538 LOYAL, representing 28.00% of total supply. The pre-ICO angel allocation is 2,203,385 LOYAL, representing 10.50% of total supply.
employee token grants exist. The initial team and pre-ICO angel allocations are subject to the same launch vesting terms: 18-month lock, with unlock cliffs at 2×, 4×, 8×, 16×, and 32× ICO price.
Disclose token-based compensation for external advisors and service providers (e.g., legal, marketing, technical, growth) funded from the on-chain treasury or token reserves held by the Foundation, Labs/DevCo, or similar entities. You do not need to disclose individual names, roles, salaries, or any advisors receiving fiat-only compensation. Provide:
Blockworks note: Loyal has not made, approved, or committed to any token-based compensation for external advisors or service providers funded from the on-chain treasury.
Disclose ongoing KOL/influencer relationships that partially or fully received tokens for payment. Do not need to disclose KOL/influencers that do not receive tokens for payment. Use lettered sub-items:
Blockworks note: Loyal has not entered into any ongoing KOL or influencer marketing relationships in which KOLs receive Loyal tokens as payment.
Publicly label all wallets that hold Unissued Tokens (e.g., foundation, operations, treasury, investor reserve), keep each category in distinct wallets (a unique address per category), and disclose who controls each wallet (DAO multisig, foundation, labs/devco, operations, or contract controller + admin). Include one verification link per wallet (docs or explorer). Definition: Unissued Supply = tokens authorized by the contract but not yet issued to any party; where they sit (treasury or mint authority) does not change that they are unissued. For instance: if a token has a total supply cap of 1B, and 400M tokens have been issued to investors, the team, and users (whether vested or unlocked), then those 400M count as issued supply. The remaining 600M are authorized but unissued supply, even if they are already minted into a DAO treasury wallet.
Title | Primary Function | Chain | Address | Control Mechanism | Explorer Link |
|---|---|---|---|---|---|
Squads Treasury | Main treasury / operational funds | Solana | AQyyTwCKemeeMu8ZPZFxrXMbVwAYTSbBhi1w4PBrhvYE | Squads multisig / Loyal DAO and MetaDAO-governed process | https://solscan.io/account/AQyyTwCKemeeMu8ZPZFxrXMbVwAYTSbBhi1w4PBrhvYE |
Operating Wallet | Operating expenses / working capital | Solana | 92yGiPxBVG3E6voo1XyaKXaBR4Uvd7cntMsj3pL1fAYa | Team operating wallet, subject to DAO treasury reporting and allowance limits | https://solscan.io/account/92yGiPxBVG3E6voo1XyaKXaBR4Uvd7cntMsj3pL1fAYa |
Futarchy AMM LP | Futarchy AMM liquidity position | Solana | GxpJkPEsPmuRCCTNnfZaDKg4X3gf4ZPgmqgFqtibaPtK | DAO-governed liquidity position | https://solscan.io/account/GxpJkPEsPmuRCCTNnfZaDKg4X3gf4ZPgmqgFqtibaPtK |
Meteora LP | Meteora single-sided liquidity position | Solana | BGg7WsK98rhqtTp2uSKMa2yETqgwShFAjyf1RmYqCF7n | DAO / treasury-controlled liquidity position | https://solscan.io/account/BGg7WsK98rhqtTp2uSKMa2yETqgwShFAjyf1RmYqCF7n |
Blockworks note: Loyal has no separate unissued-token reserve wallet. The launch allocation accounts for the full |
Projects must disclose all material terms of market-making arrangements that affect token liquidity. If the project has no agreements or deals with market makers, state that explicitly; doing so earns full credit. For each market maker, include in a table:
If the project has no agreements or deals with market makers, state that explicitly; doing so earns full credit. If no native tokens were loaned or allocated to market makers, state that explicitly; cash/fiat retainers or fees are not required for this item.
Blockworks note: Loyal has no market-maker agreements or deals under which native tokens were loaned, allocated, or committed to a market maker. No native tokens have been loaned or allocated to market makers.
Projects must disclose all material terms of centralized or decentralized exchange listings that affect token liquidity. For each listing, include in a table:
If the project has no agreements or deals with CEX or DEX, state that explicitly; doing so earns full credit. If no native-token listing fees were paid, state that explicitly; cash/fiat fee amounts are not required for this item.
Blockworks note: Loyal has no centralized exchange listing agreements and has paid no native-token listing fees to centralized exchanges.
If a category does not exist or is not applicable, make that clear in plain language (no specific wording required).
Token repurchases or secondary-market accumulations (if any): Loyal governance approved a structured LOYAL buyback program using treasury funds. Source of funds: Loyal treasury. Controller / approvals: Loyal DAO / MetaDAO governance. Approved allocation: $1.5M of treasury funds. Asset: LOYAL token. Maximum price: 0.238 per LOYAL.Mechanism: recurring orders every 5 minutes over 30 days. Tokens acquired through the buyback are treasury-acquired tokens and remain subject to Loyal DAO / MetaDAO governance. The buyback approval does not by itself permanently remove all purchased tokens from circulation.
Protocol-owned liquidity (POL): Loyal maintains protocol-owned liquidity through the Futarchy AMM LP and Meteora LP. Latest published Q1 balances:
Total latest published POL balances: 7,888,471 LOYAL across Futarchy AMM LP and Meteora LP, plus 392,210 USDC in the Futarchy AMM LP. Loyal governance previously approved a liquidity adjustment for the Meteora position: withdraw 90% of tokens remaining in the single-sided Meteora DAMM v2 pool, burn half of that amount, and retain withdrawn USDC in the treasury.
Liquidity deals / purchased TVL: Loyal has no purchased TVL arrangements or third-party liquidity deals outside the protocol-owned and governance-managed liquidity positions described above.
Token-secured loans/lines (incl. against unissued tokens): Loyal has no token-secured loans, credit lines, or borrowings against issued or unissued Loyal tokens.
Disclose all prior token sales by the Project — including fundraising rounds, any material OTC sales to investors, and any discounted market-maker sales. For each sale, provide:
If no prior sales occurred, state that explicitly (e.g., "No prior fundraising, OTC, or discounted MM sales have occurred.")
Blockworks note: Other than the MetaDAO ICO / public token sale and the Pre-ICO Angels / founder-side angel arrangements, Loyal has not conducted other material OTC token sales, discounted market-maker token sales, SAFTs, SAFE + Token Warrant sales, or private token sales by the Project.
Provide a narrative description of the Project's material funding sources, economic flows, and operational provisioning, broken out by entity: Foundation, Lab/DevCo, and DAO. If an entity does not exist, state that explicitly. If an entity exists but does not pursue revenue-generating activity, state how it funds or provisions its operations.
Loyal reported 0 USDC revenue for Q4 2025 and 0 USDC revenue for Q1 2026.
Loyal uses operating resources for product development, engineering, research, design, operations, marketing, legal, administrative expenses, software, community operations, liquidity support, and governance-approved market-structure actions.
Q4 2025 operating expenses were 131,803.94 USDC. Q1 2026 operating expenses were 162,779.52 USDC.
If any, list prior exploits or incidents that directly affected the token, token supply, tokenholder balances, token contract, minting controls, burn mechanics, or custody of token supply. This question is not asking about general protocol, application, or smart contract exploits unless the incident directly affected the native token itself. If no prior incidents, state this explicitly (e.g., "No exploits affecting tokenholders or protocol funds as of YYYY-MM-DD").
No exploits affecting tokenholders or protocol funds as of 2026-05-26.
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N/A
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N/A
Provide a single income statement, expense summary, or comparable operating statement for the primary Foundation or Developer Company. A consolidated or entity-level presentation is acceptable. Balance Sheet and Statement of Cash Flows may be included but are not required. This item is intended to provide transparency into offchain operating resources and expenditures only.
Line Item | Amount |
|---|---|
Blockworks note: N/A |
This Token Transparency Filing is provided for general informational purposes only. Blockworks reviews completeness only and does not verify or warrant the accuracy of individual answers. Loyal is solely responsible for the content, accuracy, and legality of its disclosures.