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IMC Meeting Minutes - 5 November 2025

Illuvium Main Council

  • Date PublishedNov 11, 2025
Blog Meeting Minute IMC Hero 2

Time: 1:00 UTC

Location: Discord

Chair: Filo

Note Taker: Paz

Attendees
  • Kieran - Illuvium Team Admin
  • Josh - Council Member
  • Paz - Council Member
  • Dr.Spoon - Council Member
  • Jaganite - Council Member
  • Nijafe - IMC Liaison
  • Filo - DAO Manager
Absentees
  • None
Guests
  • None

Agenda

  1. Market conditions, Capital Raise and Future plans
  2. Stop the Overworld bounty hunt
  3. Labs vested ILV bonus
  4. Proposals and Meeting Minutes migration

Discussion Summary

1. Market conditions, Capital Raise and Future plans

  • Capital raise documentation is currently being prepared by Kieran.
  • The remaining details fall under NDA and cannot be disclosed.

2. Stop the Overworld Bounty Hunt

  • The Council discussed the timeline for concluding the Overworld Bounty Hunt.
  • Once the Bounty Hunt ends, Automated Drone Runs will also be discontinued.
  • The specific end date remains under consideration.

3. Labs vested ILV bonus

  • Council discussed the idea to give some vested ILV tokens to Illuvium Labs employees as an incentive, aimed at increasing motivation and aligning their interest with the project's long term success.

4. Proposals and Meeting Minutes migration

  • Older proposals over two years old are currently not visible on Snapshot.
  • All governance proposals and this epoch’s meeting minutes are being migrated to the new Illuvium Portal to ensure accessibility and proper archival.