db79b76590
- 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>
2.6 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 extend an offer to Advaith Sekharan for founding engineer role at $180,000 annual cash compensation and 237 META tokens (1% of supply excluding DAO holdings), with vesting terms matching co-founder allocations but starting November 2024. The compensation structure includes linear unlocks tied to market cap milestones ($500M = 10% unlock, $5B = 100% unlock) with a 4-year cliff (no tokens unlock before November 2028) and 8-month clawback period.
Market Data
- Outcome: Passed
- Proposer: Nallok, Proph3t
- Proposal Account: B82Dw1W6cfngH7BRukAyKXvXzP4T2cDsxwKYfxCftoC2
- Proposal Number: 7
- Completed: 2024-10-26
Key Terms
- Fixed Token Allocation: 237 META (1% of 23,705.7 supply including co-founder allocations)
- Linear Unlocks: 100% at $5B market cap, proportional below (e.g., 10% at $500M)
- Market Cap Definition: $1B = $42,198 per META
- Vesting Cliff: No tokens unlock before November 2028 regardless of milestones
- Clawback Period: DAO can reclaim all tokens until July 2025 (8 months)
- Start Date: November 2024 for vesting; October 16, 2024 for retroactive salary
Significance
This proposal demonstrates MetaDAO's execution on its San Francisco core team buildout strategy from Fundraise #2. The compensation structure mirrors co-founder terms, signaling equal treatment of early team members while maintaining long-term alignment through the 4-year cliff and performance-based unlocks. The 8-month illiquid vest with clawback provisions balances commitment verification against team member security.
Relationship to KB
- metadao — hiring decision for founding engineer role
- advaith-sekharan — hired individual
- metadao-fundraise-2 — strategic context for core team buildout
- metadao-compensation-proph3t-nallok — parallel compensation structure for co-founders
- performance-unlocked-team-tokens-with-price-multiple-triggers-and-twap-settlement-create-long-term-alignment-without-initial-dilution — implements this compensation philosophy