5170a210d0
- Source: inbox/archive/2024-10-22-futardio-proposal-hire-advaith-sekharan-as-founding-engineer.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 3) Pentagon-Agent: Rio <HEADLESS>
2.3 KiB
2.3 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 with performance-based vesting | rio | 2026-03-11 |
MetaDAO: Hire Advaith Sekharan as Founding Engineer?
Summary
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). The compensation structure mirrors co-founder terms with performance-based unlocks tied to market cap milestones and a 4-year minimum vesting period.
Market Data
- Outcome: Passed
- Proposer: Nallok, Proph3t
- Proposal Date: 2024-10-22
- Resolution Date: 2024-10-26
- Categories: DAO, Treasury
Compensation Structure
- Fixed Token Allocation: 237 META (1% of 23,705.7 total supply including co-founder allocations)
- Linear Unlocks: 100% unlock at $5B market cap, proportional at lower caps (e.g., 10% at $500M)
- Vesting Period: No tokens unlock before November 2028 regardless of milestones
- Illiquid Vest: DAO clawback rights until July 2025 (8 months), then tokens vest to smart contract
- Start Date: November 2024 for vesting, October 16, 2024 for retroactive salary
- Market Cap Definition: $1B = $42,198 per META
Significance
This proposal demonstrates MetaDAO's implementation of performance-based compensation aligned with long-term value creation. The structure eliminates immediate dilution while creating strong alignment through market cap-triggered unlocks. The 4-year minimum vesting and 8-month clawback period signal commitment to sustained execution over speculation.
Relationship to KB
- metadao — core team expansion
- advaith-sekharan — hired as founding engineer
- performance-unlocked-team-tokens-with-price-multiple-triggers-and-twap-settlement-create-long-term-alignment-without-initial-dilution — compensation mechanism example