ZIP 1014: copyediting from Daira's review.

Originally
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Signed-off-by: Daira Hopwood <daira@jacaranda.org>
This commit is contained in:
Daira Hopwood 2020-01-07 11:38:05 +00:00
parent f20542877c
commit 08f48b1b9b
1 changed files with 6 additions and 6 deletions

View File

@ -222,13 +222,13 @@ following additional constraints:
ZF's Community Advisory Panel. The Major Grant Review Committee's funding
decisions will be final, requiring no approval from the ZF Board, but are
subject to veto if the Foundation judges them to violate the ZF's operating
documents or US law.
documents or U.S. law.
7. Major Grant Review Committee members have a one year term and can sit
7. Major Grant Review Committee members have a one-year term and can sit
for reelection. The Major Grant Review Committee is subject to the same
conflict of interest policy that governs the ZF board of directors.
(i.e. they must recuse themselves when voting on proposals where they have
a financial interest) Additionally, no one with interest in or association
a financial interest). Additionally, no one with interest in or association
with the ECC may sit on the Major Grant Review Committee --- since the ECC
can be a beneficiary, this avoids those potential conflicts altogether.
The ZF will continue to operate the Community Advisory Panel and will work
@ -244,8 +244,8 @@ through ZF's usual grant process, allowing for public discussion and public
funding. It is intended that small one-time grants will be funded by drawing
on the ZF-GU slice (where they also compete with other ZF activities), whereas
large long-duration will be funded from the dedicated ZF-MG slice; though
this is at ZF's discretion. (e.g. if there are no Major Grant applications the
ZF may opt to direct the ZF-MG to smaller grants)
this is at ZF's discretion (e.g. if there are no Major Grant applications the
ZF may opt to direct the ZF-MG to smaller grants).
ZF shall strive to define target metrics and key performance indicators, and
hopes the Major Grant Review Committee will utilize these in its funding
@ -287,7 +287,7 @@ The Funding Target may be changed only by unanimous agreement of ZF, ECC, and
the majority vote of the Community Advisory Panel. (In case of excessive
accumulation of reserves, the community can condition an increase of the
Funding Target on the redirection of some of the reserves to a different
entity, miners or an airdrop).
entity, miners or an airdrop.)
Dev Fund ZEC that has been received, not placed in the Volatility Reserve,
and has not yet been used or disbursed, will be kept by the corresponding