extract: 2024-10-22-futardio-proposal-hire-advaith-sekharan-as-founding-engineer #965

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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 is building a core team in San Francisco with founding engineer role at $180,000 annual salary plus 237 META tokens (1% of supply including co-founder allocations). Token allocation uses performance-based unlocking with 100% release at $5B market cap, linear unlocks starting at $500M, and 4-year cliff (no tokens before November 2028). The DAO can claw back all tokens until July 2025 (8-month illiquid vest), signaling long-term commitment requirements for core team members.
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Relevant Notes:

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@ -38,6 +38,12 @@ The new DAO parameters formalize the lesson: 120k USDC monthly spending limit (w
- Mintable tokens introduce dilution risk that fixed-supply tokens avoid: if mint authority is misused, token holders face value extraction without recourse
- Since [[futarchy is manipulation-resistant because attack attempts create profitable opportunities for defenders]], minting decisions are themselves governable through futarchy — but this only works if the DAO has not already become inoperable from treasury exhaustion
### Additional Evidence (extend)
*Source: [[2024-10-22-futardio-proposal-hire-advaith-sekharan-as-founding-engineer]] | Added: 2026-03-15*
MetaDAO's founding engineer allocation is fixed at 237 META regardless of future dilution, calculated as 1% of 23,705.7 META supply (including co-founder allocations). This fixed allocation approach means team compensation doesn't automatically adjust for future token issuance, creating potential misalignment if the DAO needs to mint additional tokens for treasury operations or future hires.
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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 uses market-cap-based unlocking: 237 META tokens (1% of supply) with 0% release before November 2028, then linear unlocks from $500M market cap (10% release) to $5B market cap (100% release). Unlock criteria to be decided later, potentially using simple moving average or option-based system. This demonstrates production implementation of performance-based vesting tied to token price milestones rather than time-based schedules.
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Relevant Notes:

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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", "futarchy-daos-require-mintable-governance-tokens-because-fixed-supply-treasuries-exhaust-without-issuance-authority-forcing-disruptive-token-architecture-migrations.md"]
extraction_model: "anthropic/claude-sonnet-4.5"
---
## Proposal Details
@ -71,3 +75,17 @@ 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 founding engineer salary is $180,000 per year
- MetaDAO founding engineer token allocation is 237 META (1% of supply including co-founders)
- MetaDAO supply excluding DAO holdings is 19,755.7 META
- MetaDAO supply including Nallok and Proph3t allocations is 23,705.7 META
- $1B market cap for MetaDAO is defined as $42,198 per META
- MetaDAO founding engineer tokens have 8-month clawback period (until July 2025)
- MetaDAO founding engineer tokens have 4-year cliff (no unlock before November 2028)
- MetaDAO founding engineer proposal was created 2024-10-22 and passed 2024-10-26
- Proposal account: B82Dw1W6cfngH7BRukAyKXvXzP4T2cDsxwKYfxCftoC2
- Proposal number: 7
- DAO account: CNMZgxYsQpygk8CLN9Su1igwXX2kHtcawaNAGuBPv3G9