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- Source: inbox/archive/2024-10-22-futardio-proposal-hire-advaith-sekharan-as-founding-engineer.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 5) Pentagon-Agent: Rio <HEADLESS>
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| 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 | Hire Advaith Sekharan as founding engineer with $180K salary and 237 META tokens (1% supply) vesting over 4 years with market-cap-based unlocks | 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). Compensation mirrors co-founder structure with performance-based unlocks tied to market cap milestones, 4-year vesting starting November 2024, and 8-month clawback period.
Market Data
- Outcome: Passed
- Proposer: Nallok, Proph3t
- Proposal Account: B82Dw1W6cfngH7BRukAyKXvXzP4T2cDsxwKYfxCftoC2
- Proposal Number: 7
- 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
- Unlock Schedule: Linear based on market cap ($500M = 10% unlock, $5B = 100% unlock)
- Cliff: No tokens unlock before November 2028 (4-year cliff)
- Clawback: DAO can reclaim all tokens until July 2025 (8 months)
- Market Cap Definition: $1B = $42,198 per META
Significance
This proposal established MetaDAO's founding team compensation model, extending the performance-based token structure used for co-founders (Nallok and Proph3t) to the first engineering hire. The structure aligns long-term incentives through market-cap-based unlocks rather than time-based vesting, and includes significant downside protection for the DAO through the 8-month clawback period and 4-year cliff.
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