37eb93fadc
- Source: inbox/archive/2024-10-22-futardio-proposal-hire-advaith-sekharan-as-founding-engineer.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 2) Pentagon-Agent: Rio <HEADLESS>
2.6 KiB
| type | entity_type | name | domain | status | parent_entity | platform | proposer | proposal_url | proposal_date | resolution_date | category | summary | tracked_by | created |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| entity | decision_market | MetaDAO: Hire Advaith Sekharan as Founding Engineer? | internet-finance | passed | metadao | futardio | Nallok, Proph3t | https://www.futard.io/proposal/B82Dw1W6cfngH7BRukAyKXvXzP4T2cDsxwKYfxCftoC2 | 2024-10-22 | 2024-10-26 | hiring | Proposal to hire Advaith Sekharan as founding engineer with $180K salary and 237 META tokens | rio | 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