* Dev Fund will last for 4 years, and terminate at the 2nd halving in 2024, rather than continuing in perpetuity.
* Forbid ECC equity holders from serving on Zfnd's Board of Directors.
* Zfnd should formally integrate robust means of decentralized community voting into its Board of Director elections by 2021.
* Major Grants are no longer limited in duration, and can be ongoing, but have semiannual review points.
* Require ECC and Zfnd to publish "grant proposals" and reports that are at least as detailed as other Dev Fund recipients.
* Strive for metrics and KPIs in funding decisions.
* Clarify that Volatility Reserve investment profits stay in it, and remove the investment constraints.
* Discussed profit-sharing provisions in grants.
* Another grant priority: supporting ecosystem growth.
This structure makes it clear that the Foundation isn't "paying" the dev
fee recipients -- a logistics mess -- and instead recommends changes per
network upgrade.
... while heavily favoring formal board experience.
A board stacked with researchers isn't representative and is unlikely to
have the leverage it needs.