m3taversal
1d8f936726
Adds complete proposal text to all 28 MetaDAO governance records that previously had only hand-built summaries. This was the original batch from PR #1748 that was closed without merge due to rebase conflict. Records updated: - Proposals 1-15: LST vote market, Autocrat migrations (v01/v02), Saber vote market, spot market creation, AMM program, multi-option proposals, OTC trades (Ben Hawkins, Pantera, Colosseum), Dutch auction, burn 99.3% META, FaaS development, benevolent dictators, compensation - Proposals 16-36: Fundraise 2, Q3 roadmap, create Futardio, services agreement, hire Advaith, swap ISC, hire Robin Hanson, token split, release launchpad, OTC Theia, migrate META token, fund futarchy research Source: inbox/archive/internet-finance/ proposal archives from futard.io Pentagon-Agent: Rio <5551F5AF-0C5C-429F-8915-1FE74A00E019>
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---
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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: "futardio"
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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: "Hire Advaith Sekharan as founding engineer with $180K salary and 237 META tokens (1% supply) vesting to $5B market cap"
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tracked_by: rio
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created: 2026-03-11
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---
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# MetaDAO: Hire Advaith Sekharan as Founding Engineer?
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## Summary
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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 vesting tied to market cap milestones, 4-year cliff starting November 2028, and 8-month clawback period. Retroactive salary begins October 16, 2024.
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## Market Data
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- **Outcome:** Passed
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- **Proposer:** Nallok, Proph3t
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- **Proposal Account:** B82Dw1W6cfngH7BRukAyKXvXzP4T2cDsxwKYfxCftoC2
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- **Proposal Number:** 7
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- **Completed:** 2024-10-26
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## Compensation Structure
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- **Cash:** $180,000/year (retroactive to October 16, 2024)
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- **Tokens:** 237 META (1% of 23,705.7 supply including co-founder allocations)
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- **Vesting Start:** November 2024
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- **Unlock Schedule:** Linear from $500M market cap (10% unlock) to $5B market cap (100% unlock)
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- **Cliff:** No tokens unlock before November 2028 regardless of milestones
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- **Clawback:** DAO can reclaim all tokens until July 2025 (8 months)
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- **Market Cap Basis:** $1B = $42,198 per META
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## Significance
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This hiring decision demonstrates MetaDAO's execution on its San Francisco core team buildout strategy from Fundraise #2. The compensation structure is notable for mirroring co-founder terms rather than standard employee equity, signaling founding-level commitment expectations. The 4-year cliff with market-cap-based unlocks creates extreme long-term alignment but also substantial risk for the hire.
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## Relationship to KB
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- [[metadao]] — hiring decision for core team
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- [[advaith-sekharan]] — hired individual
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- [[metadao-fundraise-2]] — strategic context for hiring
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- [[performance-unlocked-team-tokens-with-price-multiple-triggers-and-twap-settlement-create-long-term-alignment-without-initial-dilution]] — compensation mechanism example
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## Full Proposal Text
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*Source: futard.io, tabled 2024-10-22*
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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](https://futarchy.metadao.fi/metadao/proposals/9BMRY1HBe61MJoKEd9AAW5iNQyws2vGK6vuL49oR3AzX)," 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](https://futarchy.metadao.fi/metadao/proposals/BgHv9GutbnsXZLZQHqPL8BbGWwtcaRDWx82aeRMNmJbG).
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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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[Github](https://github.com/advaith101)
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[LinkedIn](https://www.linkedin.com/in/advaith-sekharan-78b52b277/) |