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teleo-codex/decisions/internet-finance/metadao-hire-advaith-sekharan.md
m3taversal 1fec6a82fb rio: decision records batch 2b — backfill remaining 16 MetaDAO proposals with full text 
- 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>
2026-03-24 13:37:04 +00:00

4.4 KiB
Raw Blame History

type entity_type name domain status parent_entity platform proposer proposal_url proposal_date resolution_date category summary key_metrics tags tracked_by created last_updated
decision decision_market MetaDAO: Hire Advaith Sekharan as Founding Engineer internet-finance passed metadao metadao Nallok, Proph3t https://v1.metadao.fi/metadao/trade/B82Dw1W6cfngH7BRukAyKXvXzP4T2cDsxwKYfxCftoC2 2024-10-22 2024-10-26 hiring 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.
proposal_number proposal_account autocrat_version salary token_allocation
7 B82Dw1W6cfngH7BRukAyKXvXzP4T2cDsxwKYfxCftoC2 0.3 $180,000/year 237 META (1% of diluted supply)
metadao
hiring
founding-engineer
compensation
passed
rio 2026-03-11 2026-03-24

MetaDAO: Hire Advaith Sekharan as Founding Engineer

Summary & Connections

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.

Outcome: Passed (2024-10-26).

Connections:

  • 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.
  • 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.
  • "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.
  • 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.

Full Proposal Text

Type

Operations Direct Action

Author(s)

Nallok, Proph3t

Overview

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.

Specifications

The terms of its release would be the same as Nallok and Proph3t, except that the vest would begin in November 2024. Specifically:

  • 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.
  • 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.
  • Unlock Criteria: Decided at a later date, potentially using a simple moving average (SMA) over a month or an option-based system.
  • Start Date: November 2024 for the purposes of vesting. October 16th for the purposes of retroactive salary.
  • Vesting Period: No tokens unlock before November 2028, no matter what milestones are hit. This signals long-term commitment to building the business.
  • 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.
  • 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.

Raw Data

  • Proposal account: B82Dw1W6cfngH7BRukAyKXvXzP4T2cDsxwKYfxCftoC2
  • Proposal number: 7
  • DAO account: CNMZgxYsQpygk8CLN9Su1igwXX2kHtcawaNAGuBPv3G9
  • Proposer: 613BRiXuAEn7vibs2oAYzpGW9fXgjzDNuFMM4wPzLdY
  • Autocrat version: 0.3
  • Completed: 2024-10-26

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