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extract: 2024-10-22-futardio-proposal-hire-advaith-sekharan-as-founding-engineer

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domains/internet-finance/MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale.md
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@ -97,6 +97,12 @@ MetaDAO ICO platform processed 8 projects from April 2025 to January 2026, raisi
MetaDAO Q3 2024 roadmap prioritized launching a market-based grants product as the primary objective, with specific targets to launch 5 organizations and process 8 proposals through the product. This represents an expansion from pure ICO functionality to grants decision-making, demonstrating futarchy's application to capital allocation beyond fundraising.
### Additional Evidence (extend)
*Source: [[2024-10-22-futardio-proposal-hire-advaith-sekharan-as-founding-engineer]] | Added: 2026-03-15*
MetaDAO's hiring process demonstrates futarchy governance extending beyond capital allocation to operational decisions. The proposal to hire Advaith Sekharan as founding engineer at $180k/year with 237 META tokens (1% of supply) passed through the same conditional market mechanism used for treasury decisions. This shows futarchy can govern human capital decisions with specific compensation structures including performance-based vesting (4-year vest starting November 2024, no unlocks before November 2028, linear unlocks tied to market cap milestones from $500M to $5B).
---
Relevant Notes:

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domains/internet-finance/performance-unlocked-team-tokens-with-price-multiple-triggers-and-twap-settlement-create-long-term-alignment-without-initial-dilution.md
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@ -41,6 +41,12 @@ This structure is untested in practice. Key risks:
- 18-month cliff may be too long for early-stage projects with high burn rates, creating team retention risk
- No precedent for whether TWAP-based triggers actually prevent manipulation in low-liquidity token markets
### Additional Evidence (confirm)
*Source: [[2024-10-22-futardio-proposal-hire-advaith-sekharan-as-founding-engineer]] | Added: 2026-03-15*
MetaDAO's founding engineer offer implements performance-based unlocking with specific market cap triggers: 100% unlock at $5B market cap ($42,198 per META), with linear scaling (e.g., 10% unlock at $500M). The structure includes a 4-year minimum vest period regardless of price milestones, 8-month clawback window, and tokens vesting into a smart contract/multisig inaccessible to founders. This demonstrates the mechanism in production use for core team compensation.
---
Relevant Notes:

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inbox/archive/2024-10-22-futardio-proposal-hire-advaith-sekharan-as-founding-engineer.md
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@ -6,9 +6,13 @@ url: "https://www.futard.io/proposal/B82Dw1W6cfngH7BRukAyKXvXzP4T2cDsxwKYfxCftoC
date: 2024-10-22
domain: internet-finance
format: data
status: unprocessed
status: enrichment
tags: [futardio, metadao, futarchy, solana, governance]
event_type: proposal
processed_by: rio
processed_date: 2026-03-15
enrichments_applied: ["MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale.md", "performance-unlocked-team-tokens-with-price-multiple-triggers-and-twap-settlement-create-long-term-alignment-without-initial-dilution.md"]
extraction_model: "anthropic/claude-sonnet-4.5"
---
## Proposal Details
@ -71,3 +75,11 @@ 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 proposal B82Dw1W6cfngH7BRukAyKXvXzP4T2cDsxwKYfxCftoC2 to hire Advaith Sekharan passed on 2024-10-26
- MetaDAO supply excluding DAO holdings is 19,755.7 META; including co-founder allocations is 23,705.7 META
- MetaDAO defines $1B market cap as $42,198 per META token
- Founding engineer compensation at MetaDAO: $180k/year cash + 237 META (1% of supply)
- MetaDAO founding engineer tokens have 8-month clawback period and 4-year minimum vest before any unlocks