From 72ceb2417afe82d5efc7c436525905f3edd0b8e8 Mon Sep 17 00:00:00 2001 From: Skylar Saveland Date: Fri, 5 Jul 2024 11:25:09 -0700 Subject: [PATCH] ideas and guidnace, not requirements --- draft-nuttycom-funding-allocation.html | 8 ++++---- draft-nuttycom-funding-allocation.rst | 7 ++++--- 2 files changed, 8 insertions(+), 7 deletions(-) diff --git a/draft-nuttycom-funding-allocation.html b/draft-nuttycom-funding-allocation.html index 3032e0a7..45cd9c88 100644 --- a/draft-nuttycom-funding-allocation.html +++ b/draft-nuttycom-funding-allocation.html @@ -103,7 +103,7 @@ Pull-Request: <https://githu

Guidance on Future Requirements for Alternative 1

-

To support the motivations outlined, the following guidance is proposed for Alternative 1. Future ZIP(s) will define the disbursement mechanism. These are suggestions to achieve the outlined motivations that should be considered in those future ZIP(s):

+

To support the motivations outlined, the following guidance is proposed for Alternative 1. Future ZIP(s) will define the disbursement mechanism. These are suggestions to achieve the outlined motivations and should be considered in those future ZIP(s). It is important to note that these are ideas and guidance, not hard, enforceable requirements:

  1. Cap on Grants: Grants should be capped to promote more granular accountability and incremental goal-setting. This approach ensures that projects are required to define their work, goals, milestones, KPIs, and achievements in smaller, more manageable increments. Even if a single project is utilizing significant funds quickly, the cap ensures that progress is continuously evaluated and approved based on tangible results and alignment with community priorities.
  2. Decentralized Disbursement Mechanism: The disbursement mechanism should be sufficiently decentralized to ensure the regulatory motivations are fulfilled. A decentralized mechanism could reduce the need for recipients to undergo KYC with a controlling party, preserving privacy and aligning with the ethos of the Zcash project.
    3. @@ -181,7 +181,7 @@ Pull-Request: <https://githu
  3. ZCG Committee members SHALL have a one-year term and MAY sit for reelection. The ZCG Committee is subject to the same conflict of interest policy that governs the FPF Board of Directors (i.e. they MUST recuse themselves when voting on proposals where they have a financial interest). At most one person with association with the BP/ECC, at most one person with association with the ZF, and at most one person with association with FPF are allowed to sit on the ZCG Committee. “Association” here means: having a financial interest, full-time employment, being an officer, being a director, or having an immediate family relationship with any of the above. The ZF SHALL continue to operate the Community Advisory Panel and SHOULD work toward making it more representative and independent (more on that below). Similarly, FPF should also endeavor to establish its own means of collecting community sentiment for the purpose of administering ZCG elections.
  4. A portion of the ZCG Slice shall be allocated to a Discretionary Budget, which may be disbursed for expenses reasonably related to the administration of the ZCG program. The amount of funds allocated to the Discretionary Budget SHALL be decided by the ZF’s Community Advisory Panel or successor process. Any disbursement of funds from the Discretionary Budget MUST be approved by the ZCG Committee. Expenses related to the administration of the ZCG program include, without limitation the following:
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      @@ -209,14 +209,14 @@ Pull-Request: <https://githu

      Transparency and Accountability

      FPF MUST accept the following obligations in this section on behalf of ZCG: * Publication of the ZCG Dashboard, providing a snapshot of ZCG’s current

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      financials and any disbursements made to grantees.

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        diff --git a/draft-nuttycom-funding-allocation.rst b/draft-nuttycom-funding-allocation.rst index e0e58ba2..9f8e27fc 100644 --- a/draft-nuttycom-funding-allocation.rst +++ b/draft-nuttycom-funding-allocation.rst @@ -300,9 +300,10 @@ Guidance on Future Requirements for Alternative 1 ''''''''''''''''''''''''''''''''''''''''''''''''' To support the motivations outlined, the following guidance is proposed for -Alternative 1. Future ZIP(s) will define the disbursement mechanism. These -are suggestions to achieve the outlined motivations that should be considered -in those future ZIP(s): +Alternative 1. Future ZIP(s) will define the disbursement mechanism. These are +suggestions to achieve the outlined motivations and should be considered in +those future ZIP(s). It is important to note that these are ideas and guidance, +not hard, enforceable requirements: 1. **Cap on Grants**: Grants should be capped to promote more granular accountability and incremental goal-setting. This approach ensures that