ebb6dd29e7
- Source: inbox/archive/2024-10-22-futardio-proposal-hire-advaith-sekharan-as-founding-engineer.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 4) 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 | Proposal to hire Advaith Sekharan as founding engineer with $180K salary and 1% token allocation | 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 salary plus 237 META tokens (1% of supply excluding DAO holdings). Compensation structure mirrors co-founder terms with performance-based vesting tied to market cap milestones, 4-year cliff starting 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
- Salary: $180,000/year (retroactive to October 16, 2024)
- Token Allocation: 237 META (1% of 23,705.7 supply including co-founder allocations)
- Vesting Start: November 2024
- Cliff: No tokens unlock before November 2028
- Performance Unlocks: Linear from $500M market cap (10% unlock) to $5B (100% unlock)
- Market Cap Definition: $1B = $42,198 per META
- Clawback Period: 8 months (until July 2025)
Significance
This hiring decision demonstrates MetaDAO's execution on its San Francisco core team buildout strategy from Fundraise #2. The compensation structure is notable for aligning founding engineer incentives with co-founder terms while maintaining long-term commitment through the 4-year cliff and performance-based unlocks tied to specific market cap milestones rather than time-based vesting.
Relationship to KB
- metadao — hiring decision for core team expansion
- advaith-sekharan — hired individual
- metadao-fundraise-2 — strategic context for hiring
- performance-unlocked-team-tokens-with-price-multiple-triggers-and-twap-settlement-create-long-term-alignment-without-initial-dilution — compensation mechanism example