diff --git a/entities/internet-finance/advaith-sekharan.md b/entities/internet-finance/advaith-sekharan.md new file mode 100644 index 00000000..63544e26 --- /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 tied to market cap milestones. His compensation structure mirrors the co-founder allocation model with linear unlocks beginning at $500M market cap and full unlock at $5B market cap. + +## Timeline +- **2024-10-22** — [[metadao-hire-advaith-sekharan]] proposed: $180K salary + 237 META (1% supply) with 4-year vest starting Nov 2024, no unlock before Nov 2028, 8-month clawback period +- **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 +- [[performance-unlocked-team-tokens-with-price-multiple-triggers-and-twap-settlement-create-long-term-alignment-without-initial-dilution]] — compensation structure example \ 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..34fb63c4 --- /dev/null +++ b/entities/internet-finance/metadao-hire-advaith-sekharan.md @@ -0,0 +1,46 @@ +--- +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: "Hire Advaith Sekharan as founding engineer with $180K salary and 237 META tokens (1% supply) vesting over 4 years with market-cap-based unlocks" +tracked_by: rio +created: 2026-03-11 +--- + +# MetaDAO: Hire Advaith Sekharan as Founding Engineer + +## Summary +Proposal to hire Advaith Sekharan as MetaDAO's founding engineer with $180,000 annual salary and 237 META tokens (1% of supply excluding DAO holdings). Compensation mirrors co-founder structure with performance-based unlocks tied to market cap milestones, 4-year vesting starting November 2024, and 8-month clawback period. + +## Market Data +- **Outcome:** Passed +- **Proposer:** Nallok, Proph3t +- **Proposal Account:** B82Dw1W6cfngH7BRukAyKXvXzP4T2cDsxwKYfxCftoC2 +- **Proposal Number:** 7 +- **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 +- **Unlock Schedule:** Linear based on market cap ($500M = 10% unlock, $5B = 100% unlock) +- **Cliff:** No tokens unlock before November 2028 (4-year cliff) +- **Clawback:** DAO can reclaim all tokens until July 2025 (8 months) +- **Market Cap Definition:** $1B = $42,198 per META + +## Significance +This proposal established MetaDAO's founding team compensation model, extending the performance-based token structure used for co-founders (Nallok and Proph3t) to the first engineering hire. The structure aligns long-term incentives through market-cap-based unlocks rather than time-based vesting, and includes significant downside protection for the DAO through the 8-month clawback period and 4-year cliff. + +## Relationship to KB +- [[metadao]] — core team expansion +- [[advaith-sekharan]] — hired as founding engineer +- [[performance-unlocked-team-tokens-with-price-multiple-triggers-and-twap-settlement-create-long-term-alignment-without-initial-dilution]] — compensation mechanism example \ No newline at end of file diff --git a/entities/internet-finance/metadao.md b/entities/internet-finance/metadao.md index 9f0ae560..8ad65863 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 (1% supply) +- **2024-10-26** — [[metadao-hire-advaith-sekharan]] passed: first engineering hire approved via futarchy governance ## 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..4643412c 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: "Factual hiring proposal with structured compensation terms. No novel claims about futarchy mechanisms or governance dynamics—compensation structure already covered by existing claim on performance-unlocked team tokens. Created entity pages for new person (Advaith Sekharan) and decision market (hiring proposal), plus timeline updates for MetaDAO parent entity." --- ## 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 supply excluding DAO holdings: 19,755.7 META (2024-10-22) +- MetaDAO supply including co-founder allocations: 23,705.7 META (2024-10-22) +- 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/