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IMC Meeting Minutes - 17 December 2025

Illuvium Main Council

  • Date PublishedJan 12, 2026
Blog Meeting Minute IMC Hero 6

Time: 10:00 UTC

Location: Discord

Chair: Filo

Note Taker: Paz

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

Agenda

  1. Monthly burn rate update
  2. Market conditions and potential capital raise

Discussion Summary

1. Monthly burn rate update

  • The monthly burn rate is projected to decrease to below $300,000.
  • All remaining team members agreed to a pay reduction as part of the cost-saving measures.
  • Kieran presented the finalized list of team members who will continue working at Illuvium Labs.

2. Market conditions and potential capital raise

  • Discussion covered the current market environment and broader macro conditions.
  • Explored how Illuvium can best position itself given these conditions.
  • Considered whether and when a capital raise would be appropriate, depending on market recovery and strategic needs.