2.5 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 (1% supply) using co-founder vesting terms | rio | 2026-03-11 |
MetaDAO: Hire Advaith Sekharan as Founding Engineer
Summary
Proposal to extend an offer to Advaith Sekharan for founding engineer role at MetaDAO with $180,000 annual cash compensation and 237 META tokens (1% of supply excluding DAO holdings). Token allocation uses same performance-based vesting structure as co-founders Nallok and Proph3t, with linear unlocks tied to market cap milestones from $500M to $5B and a 4-year cliff before any tokens unlock regardless of price.
Market Data
- Outcome: Passed
- Proposer: Nallok, Proph3t
- Proposal Account: B82Dw1W6cfngH7BRukAyKXvXzP4T2cDsxwKYfxCftoC2
- Completed: 2024-10-26
Compensation Structure
- Cash: $180,000/year (retroactive to October 16, 2024)
- Tokens: 237 META fixed allocation (1% of 23,705.7 supply including co-founder allocations)
- Vesting Start: November 2024
- Unlock Schedule: Linear from $500M market cap (10% unlock = 23.7 META) to $5B (100% unlock)
- Cliff: No tokens unlock before November 2028 (4 years)
- Clawback: DAO can reclaim all tokens until July 2025 (8-month illiquid vest)
- Market Cap Definition: $1B = $42,198 per META
Significance
This proposal establishes MetaDAO's founding engineer compensation template, extending the performance-based vesting model from co-founders to early team members. The structure aligns long-term incentives through market cap milestones while maintaining DAO control through extended clawback period. Part of MetaDAO's strategy to build core team in San Francisco following Fundraise #2.
Relationship to KB
- metadao — hiring decision for founding team
- advaith-sekharan — hired engineer
- performance-unlocked-team-tokens-with-price-multiple-triggers-and-twap-settlement-create-long-term-alignment-without-initial-dilution — implements this compensation model
- Related to metadao-compensation-proph3t-nallok — uses same vesting structure