diff --git a/entities/internet-finance/advaith-sekharan.md b/entities/internet-finance/advaith-sekharan.md new file mode 100644 index 00000000..af8b98d9 --- /dev/null +++ b/entities/internet-finance/advaith-sekharan.md @@ -0,0 +1,27 @@ +--- +type: entity +entity_type: person +name: "Advaith Sekharan" +domain: internet-finance +status: active +role: "Founding Engineer at MetaDAO" +tracked_by: rio +created: 2026-03-11 +--- + +# Advaith Sekharan + +## Overview +Advaith Sekharan is a founding engineer at MetaDAO, hired in October 2024 with $180,000 annual salary and 237 META tokens (1% of supply) subject to performance-based vesting. His compensation structure includes linear unlocks tied to market cap milestones ($5B = 100% unlock) with no tokens accessible before November 2028, and an 8-month clawback period ending July 2025. + +## Timeline +- **2024-10-22** — [[metadao-hire-advaith-sekharan]] proposed: $180K salary + 237 META with performance vesting +- **2024-10-26** — Hiring proposal passed via futarchy governance + +## Links +- GitHub: https://github.com/advaith101 +- LinkedIn: https://www.linkedin.com/in/advaith-sekharan-78b52b277/ + +## Relationship to KB +- [[metadao]] — founding engineer +- Part of MetaDAO's San Francisco core team buildout strategy \ No newline at end of file diff --git a/entities/internet-finance/metadao-hire-advaith-sekharan.md b/entities/internet-finance/metadao-hire-advaith-sekharan.md new file mode 100644 index 00000000..1c9bf159 --- /dev/null +++ b/entities/internet-finance/metadao-hire-advaith-sekharan.md @@ -0,0 +1,49 @@ +--- +type: entity +entity_type: decision_market +name: "MetaDAO: Hire Advaith Sekharan as Founding Engineer?" +domain: internet-finance +status: passed +parent_entity: "[[metadao]]" +platform: "futardio" +proposer: "Nallok, Proph3t" +proposal_url: "https://www.futard.io/proposal/B82Dw1W6cfngH7BRukAyKXvXzP4T2cDsxwKYfxCftoC2" +proposal_date: 2024-10-22 +resolution_date: 2024-10-26 +category: "hiring" +summary: "Proposal to hire Advaith Sekharan as founding engineer with $180K salary and 237 META tokens" +tracked_by: rio +created: 2026-03-11 +--- + +# MetaDAO: Hire Advaith Sekharan as Founding Engineer? + +## Summary +Proposal to extend an offer to Advaith Sekharan for the founding engineer role at MetaDAO with $180,000 annual cash compensation and 237 META tokens (1% of supply excluding DAO holdings). The token allocation uses the same performance-based vesting structure as co-founders Nallok and Proph3t, with linear unlocks tied to market cap milestones and a 4-year cliff before any tokens become accessible. + +## Market Data +- **Outcome:** Passed +- **Proposer:** Nallok, Proph3t +- **Proposal Account:** B82Dw1W6cfngH7BRukAyKXvXzP4T2cDsxwKYfxCftoC2 +- **Proposal Number:** 7 +- **Created:** 2024-10-22 +- **Completed:** 2024-10-26 + +## Compensation Structure +- **Cash:** $180,000/year (retroactive to October 16, 2024) +- **Tokens:** 237 META (1% of 23,705.7 supply including co-founder allocations) +- **Vesting Start:** November 2024 +- **Cliff:** No tokens unlock before November 2028 (4-year minimum) +- **Unlock Mechanism:** Linear based on market cap ($5B = 100% unlock, $500M = 10% unlock) +- **Market Cap Definition:** $1B = $42,198 per META +- **Clawback Period:** DAO can reclaim all tokens until July 2025 (8 months) +- **Post-Clawback:** Tokens vest into smart contract/multisig inaccessible to leadership + +## Significance +This proposal demonstrates MetaDAO's execution of its San Francisco core team buildout strategy from Fundraise #2. The compensation structure mirrors co-founder terms, establishing consistency in performance-based alignment. The 4-year cliff and market cap-based unlocks create extreme long-term orientation compared to standard startup vesting, while the 8-month clawback period provides the DAO with early exit optionality. + +## Relationship to KB +- [[metadao]] — hiring decision for founding engineer role +- [[advaith-sekharan]] — hired individual +- [[metadao-fundraise-2]] — authorized this core team buildout +- [[performance-unlocked-team-tokens-with-price-multiple-triggers-and-twap-settlement-create-long-term-alignment-without-initial-dilution]] — implements this compensation philosophy \ No newline at end of file diff --git a/entities/internet-finance/metadao.md b/entities/internet-finance/metadao.md index 9f0ae560..d4df5bbe 100644 --- a/entities/internet-finance/metadao.md +++ b/entities/internet-finance/metadao.md @@ -54,6 +54,8 @@ The futarchy governance protocol on Solana. Implements decision markets through - **2026-03** — Pine Analytics Q4 2025 quarterly report published - **2024-02-18** — [[metadao-otc-trade-pantera-capital]] failed: Pantera Capital's $50,000 OTC purchase proposal rejected by futarchy markets +- **2024-10-22** — [[metadao-hire-advaith-sekharan]] proposed: hire Advaith Sekharan as founding engineer with $180K salary + 237 META +- **2024-10-26** — [[metadao-hire-advaith-sekharan]] passed: Advaith Sekharan hired as founding engineer ## Key Decisions | Date | Proposal | Proposer | Category | Outcome | |------|----------|----------|----------|---------| diff --git a/inbox/archive/2024-10-22-futardio-proposal-hire-advaith-sekharan-as-founding-engineer.md b/inbox/archive/2024-10-22-futardio-proposal-hire-advaith-sekharan-as-founding-engineer.md index 8ac527d1..314e77db 100644 --- a/inbox/archive/2024-10-22-futardio-proposal-hire-advaith-sekharan-as-founding-engineer.md +++ b/inbox/archive/2024-10-22-futardio-proposal-hire-advaith-sekharan-as-founding-engineer.md @@ -6,9 +6,13 @@ url: "https://www.futard.io/proposal/B82Dw1W6cfngH7BRukAyKXvXzP4T2cDsxwKYfxCftoC date: 2024-10-22 domain: internet-finance format: data -status: unprocessed +status: processed tags: [futardio, metadao, futarchy, solana, governance] event_type: proposal +processed_by: rio +processed_date: 2026-03-11 +extraction_model: "anthropic/claude-sonnet-4.5" +extraction_notes: "Hiring proposal with detailed compensation structure. Created entity for Advaith Sekharan (new person) and decision_market entity for the proposal itself. No novel claims about mechanisms or governance — this is straightforward execution of existing MetaDAO compensation philosophy already captured in performance-unlocked-team-tokens claim. All extractable value is in the entity data (who, when, how much, what terms)." --- ## Proposal Details @@ -71,3 +75,12 @@ The terms of its release would be the same as Nallok and Proph3t, except that th - Autocrat version: 0.3 - Completed: 2024-10-26 - Ended: 2024-10-26 + + +## Key Facts +- MetaDAO supply excluding DAO holdings: 19,755.7 META (2024-10-22) +- MetaDAO supply including co-founder allocations: 23,705.7 META (2024-10-22) +- 1% of MetaDAO supply = 237 META tokens +- MetaDAO market cap definition: $1B = $42,198 per META +- Advaith Sekharan GitHub: https://github.com/advaith101 +- Advaith Sekharan LinkedIn: https://www.linkedin.com/in/advaith-sekharan-78b52b277/