m3taversal
1fec6a82fb
- What: Rewrote all remaining existing MetaDAO decision records with full verbatim proposal text, correct v1.metadao.fi URLs, Summary & Connections - Records (16): Q3 Roadmap, Create Spot Market, Multi-Option Proposals, Execute Spot Market, Hire Advaith, Hire Robin Hanson, Dutch Auction Liquidity, Migrate v0.1, Migrate v0.2, Migrate META Token, Release Launchpad, Services Agreement, Swap $150K ISC, Token Split (failed), Saber Vote Market, Create Futardio (failed) - This completes the backfill of ALL 27 existing MetaDAO governance decision records. Combined with batch 1 (5 new) and batch 2 (10 rewrites), all 32 MetaDAO governance proposals now have full text with correct URLs. - Only metadao-vc-discount-rejection remains without full source text (from Q1 2026 update, not Ben's API) Pentagon-Agent: Rio <5551F5AF-0C5C-429F-8915-1FE74A00E019>
80 lines
4.4 KiB
Markdown
80 lines
4.4 KiB
Markdown
---
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type: decision
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entity_type: decision_market
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name: "MetaDAO: Hire Advaith Sekharan as Founding Engineer"
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domain: internet-finance
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status: passed
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parent_entity: "[[metadao]]"
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platform: metadao
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proposer: "Nallok, Proph3t"
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proposal_url: "https://v1.metadao.fi/metadao/trade/B82Dw1W6cfngH7BRukAyKXvXzP4T2cDsxwKYfxCftoC2"
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proposal_date: 2024-10-22
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resolution_date: 2024-10-26
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category: hiring
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summary: "Proposal 7 (Autocrat v0.3) — Hire founding engineer. $180K/year + 1% token supply (237 META) on same convex payout terms as co-founders. 4-year cliff to Nov 2028. 8-month clawback."
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key_metrics:
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proposal_number: 7
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proposal_account: "B82Dw1W6cfngH7BRukAyKXvXzP4T2cDsxwKYfxCftoC2"
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autocrat_version: "0.3"
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salary: "$180,000/year"
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token_allocation: "237 META (1% of diluted supply)"
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tags: [metadao, hiring, founding-engineer, compensation, passed]
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tracked_by: rio
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created: 2026-03-11
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last_updated: 2026-03-24
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---
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# MetaDAO: Hire Advaith Sekharan as Founding Engineer
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## Summary & Connections
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**Proposal 7 (Autocrat v0.3) — first engineering hire via futarchy.** $180K/year cash + 1% of diluted token supply (237 META) on the same convex payout terms as the co-founders ([[metadao-compensation-proph3t-nallok]]). 4-year cliff (no unlock before Nov 2028). 8-month clawback. Start date: October 2024.
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**Outcome:** Passed (2024-10-26).
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**Connections:**
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- Follows directly from [[metadao-fundraise-2]] which specified "hire a small team" as the use of funds. This is the first concrete hire from that raise.
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- Same convex payout structure as co-founders — 1% allocation vs their 10% each. Linear unlocks from $500M to $5B market cap. This standardizes the compensation mechanism across the team.
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- "Build a core team in San Francisco" — MetaDAO competing directly with traditional startups for engineering talent. $180K + 1% equity-equivalent is competitive for a founding engineer role.
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- The 8-month clawback (until July 2025) gives the DAO an exit if the hire doesn't work out — performance enforcement through governance, not just compensation design.
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---
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## Full Proposal Text
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### Type
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Operations Direct Action
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### Author(s)
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Nallok, Proph3t
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### Overview
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As specified in "MetaDAO Fundraise #2," 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.
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### Specifications
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The terms of its release would be the same as Nallok and Proph3t, except that the vest would begin in November 2024. Specifically:
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- **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.
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- **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.
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- **Unlock Criteria**: Decided at a later date, potentially using a simple moving average (SMA) over a month or an option-based system.
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- **Start Date**: November 2024 for the purposes of vesting. October 16th for the purposes of retroactive salary.
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- **Vesting Period**: No tokens unlock before November 2028, no matter what milestones are hit. This signals long-term commitment to building the business.
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- **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.
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- **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.
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---
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## Raw Data
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- Proposal account: `B82Dw1W6cfngH7BRukAyKXvXzP4T2cDsxwKYfxCftoC2`
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- Proposal number: 7
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- DAO account: `CNMZgxYsQpygk8CLN9Su1igwXX2kHtcawaNAGuBPv3G9`
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- Proposer: `613BRiXuAEn7vibs2oAYzpGW9fXgjzDNuFMM4wPzLdY`
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- Autocrat version: 0.3
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- Completed: 2024-10-26
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## Relationship to KB
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- [[metadao]] — parent entity, first engineering hire
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- [[metadao-compensation-proph3t-nallok]] — same convex payout structure
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- [[metadao-fundraise-2]] — this hire was funded by that raise
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- [[advaith-sekharan]] — hired engineer
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