---
type: source
title: "Futardio: Hire Advaith Sekharan as Founding Engineer?"
author: "futard.io"
url: "https://www.futard.io/proposal/B82Dw1W6cfngH7BRukAyKXvXzP4T2cDsxwKYfxCftoC2"
date: 2024-10-22
domain: internet-finance
format: data
status: entity-data
tags: [futardio, metadao, futarchy, solana, governance]
event_type: proposal
---

## Proposal Details
- Project: MetaDAO
- Proposal: Hire Advaith Sekharan as Founding Engineer?
- Status: Passed
- Created: 2024-10-22
- URL: https://www.futard.io/proposal/B82Dw1W6cfngH7BRukAyKXvXzP4T2cDsxwKYfxCftoC2
- Description: Hire Advaith Sekharan as founding engineer
- Categories: {'category': 'Dao'}, {'category': 'Treasury'}
- Discussion: https://discord.gg/JeZpUBc8ab

## Summary

### 🎯 Key Points  
The proposal seeks to hire Advaith Sekharan as a founding engineer with a salary of $180,000 per year and a fixed allocation of 237 META tokens, with specific vesting and unlocking criteria.

### 📊 Impact Analysis  
#### 👥 Stakeholder Impact  
This hiring decision directly impacts the core team composition and operational capabilities of MetaDAO.

#### 📈 Upside Potential  
Adding a highly-engaged engineer could enhance MetaDAO's development capacity and innovation potential.

#### 📉 Risk Factors  
The long vesting period and clawback provisions may limit immediate access to incentives and could deter some potential candidates.

## Content

**Type**  
Operations Direct Action

**Author(s)**  
Nallok, Proph3t 

**Overview**  
As specified in “[MetaDAO Fundraise \#2](https://futarchy.metadao.fi/metadao/proposals/9BMRY1HBe61MJoKEd9AAW5iNQyws2vGK6vuL49oR3AzX),” our goal is to build a core team in San Francisco. At this stage, we’ve found a highly-engaged candidate for the founding engineer role: Advaith Sekharan. We propose extending an offer to Advaith for $180,000 per year cash compensation and 1% of the token supply subject to the same terms as our [co-founder allocation](https://futarchy.metadao.fi/metadao/proposals/BgHv9GutbnsXZLZQHqPL8BbGWwtcaRDWx82aeRMNmJbG).

**Specifications**  
The terms of its release would be the same as Nallok and Proph3t, except that the vest would begin in November 2024\. Specifically:

- **Fixed Token Allocation**: If you exclude DAO holdings, the supply of META is 19,755.7. If you include Nallok and Proph3t’s potential allocation, the supply of META is 23,705.7. 1% of that is 237 META. So Advaith’s allocation would be 237 META, fixed regardless of future dilution.  
- **Linear Unlocks**: 100% would unlock at a \$5B market cap, with linear unlocks depending on price. For example, a \$500M market cap would release 10% of the allocation or 23.7 META.  
- **Unlock Criteria**: Decided at a later date, potentially using a simple moving average (SMA) over a month or an option-based system.  
- **Start Date**: November 2024 for the purposes of vesting. October 16th for the purposes of retroactive salary.   
- **Vesting Period**: No tokens unlock before November 2028, no matter what milestones are hit. This signals long-term commitment to building the business.  
- **Illiquid Vest**: The DAO can claw back all tokens until July 2025 (8 months from start). Thereafter, tokens vest into a smart contract / multisig that can't be accessed by Proph3t or Nallok.  
- **Market Cap Definition**: \$1B market cap is defined as a price of \$42,198 per META. Payouts are based on the value per META, not total market capitalization.

[Github](https://github.com/advaith101)

[LinkedIn](https://www.linkedin.com/in/advaith-sekharan-78b52b277/)

## Raw Data

- Proposal account: `B82Dw1W6cfngH7BRukAyKXvXzP4T2cDsxwKYfxCftoC2`
- Proposal number: 7
- DAO account: `CNMZgxYsQpygk8CLN9Su1igwXX2kHtcawaNAGuBPv3G9`
- Proposer: `613BRiXuAEn7vibs2oAYzpGW9fXgjzDNuFMM4wPzLdY`
- Autocrat version: 0.3
- Completed: 2024-10-26
- Ended: 2024-10-26
