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ZIP 1014: copyediting from Daira's review.
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Signed-off-by: Daira Hopwood <daira@jacaranda.org>
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zip-1014.rst
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zip-1014.rst
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@ -222,13 +222,13 @@ following additional constraints:
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ZF's Community Advisory Panel. The Major Grant Review Committee's funding
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decisions will be final, requiring no approval from the ZF Board, but are
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subject to veto if the Foundation judges them to violate the ZF's operating
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documents or US law.
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documents or U.S. law.
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7. Major Grant Review Committee members have a one year term and can sit
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7. Major Grant Review Committee members have a one-year term and can sit
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for reelection. The Major Grant Review Committee is subject to the same
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conflict of interest policy that governs the ZF board of directors.
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(i.e. they must recuse themselves when voting on proposals where they have
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a financial interest) Additionally, no one with interest in or association
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a financial interest). Additionally, no one with interest in or association
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with the ECC may sit on the Major Grant Review Committee --- since the ECC
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can be a beneficiary, this avoids those potential conflicts altogether.
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The ZF will continue to operate the Community Advisory Panel and will work
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@ -244,8 +244,8 @@ through ZF's usual grant process, allowing for public discussion and public
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funding. It is intended that small one-time grants will be funded by drawing
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on the ZF-GU slice (where they also compete with other ZF activities), whereas
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large long-duration will be funded from the dedicated ZF-MG slice; though
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this is at ZF's discretion. (e.g. if there are no Major Grant applications the
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ZF may opt to direct the ZF-MG to smaller grants)
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this is at ZF's discretion (e.g. if there are no Major Grant applications the
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ZF may opt to direct the ZF-MG to smaller grants).
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ZF shall strive to define target metrics and key performance indicators, and
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hopes the Major Grant Review Committee will utilize these in its funding
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@ -287,7 +287,7 @@ The Funding Target may be changed only by unanimous agreement of ZF, ECC, and
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the majority vote of the Community Advisory Panel. (In case of excessive
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accumulation of reserves, the community can condition an increase of the
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Funding Target on the redirection of some of the reserves to a different
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entity, miners or an airdrop).
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entity, miners or an airdrop.)
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Dev Fund ZEC that has been received, not placed in the Volatility Reserve,
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and has not yet been used or disbursed, will be kept by the corresponding
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