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Co-authored-by: Daira-Emma Hopwood <daira@jacaranda.org>
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8
draft-nuttycom-funding-allocation.rst
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@ -35,7 +35,7 @@ in a future ZIP in order to make these funds available for funding grants to
ecosystem participants. ecosystem participants.
The proposed lockbox addresses significant issues observed with ZIP 1014 The proposed lockbox addresses significant issues observed with ZIP 1014
[#zip-1014]_, such as regulatory risks, inefficiencies in funding organizations [#zip-1014]_, such as regulatory risks, inefficiencies due to funding of organizations
instead of projects, and centralization. While the exact disbursement mechanism instead of projects, and centralization. While the exact disbursement mechanism
for the lockbox funds is yet to be determined and will be addressed in a future for the lockbox funds is yet to be determined and will be addressed in a future
ZIP, the goal is to employ a decentralized mechanism that ensures community ZIP, the goal is to employ a decentralized mechanism that ensures community
@ -85,7 +85,7 @@ funds. The alternatives presented here are intended to address the following:
3. **Centralization Concerns**: The current model centralizes decision-making 3. **Centralization Concerns**: The current model centralizes decision-making
power within a few organizations, contradicting the decentralized ethos of power within a few organizations, contradicting the decentralized ethos of
blockchain technology. Traditional organizational structures with boards and blockchain technology. Traditional organizational structures with boards and
executives introduce a single point of failure and limit community executives introduce single points of failure and limit community
involvement in funding decisions. involvement in funding decisions.
4. **Community Involvement**: The current system provides minimal formal input 4. **Community Involvement**: The current system provides minimal formal input
@ -109,7 +109,7 @@ Requirements
2. **Regulatory Considerations**: The allocation of funds should minimize 2. **Regulatory Considerations**: The allocation of funds should minimize
regulatory risks by avoiding direct funding of specific organizations. The regulatory risks by avoiding direct funding of specific organizations. The
design should ensure compliance with applicable laws and regulations to design should enable and encourage compliance with applicable laws and regulations to
support the long-term sustainability of the funding model. support the long-term sustainability of the funding model.
Non-requirements Non-requirements
@ -146,7 +146,7 @@ pool.
Some of the alternatives described below do not specify a termination height Some of the alternatives described below do not specify a termination height
for the funding streams they propose. In these cases, the termination height for the funding streams they propose. In these cases, the termination height
is set to `u32::MAX_VALUE`. A future network upgrade that alters the is given as "no end height". A future network upgrade that alters the
maximum possible block height MUST also alter these termination heights. maximum possible block height MUST also alter these termination heights.
Alternatives Alternatives