Application for Major Grants Review Committee

[Shawn]

I’m not sure about this part @mistfpga

@mistfpga

track and evaluate progress through the grant lifetime,

In zip 1014 this is specifically the role of the ZFND, I personally would be very happy to take on this role within the MGRC (my first application was based of this premise, but I scrubbed it after @shawn pointed out that this is specifically give to the ZFND in zip 1014.)

The part of ZIP-1014 that I quoted regarding performance factors:

@Shawn

ZF SHALL strive to define target metrics and key performance indicators, and the Major Grant Review Committee SHOULD utilize these in its funding decisions.

The Zcash Foundation will need to define “key performance indicators” that the MGRC should use.

I think means that the ZF shall set “key performance indicators” but it will remain up to the MGRC to follow up with the teams to see these indicators are met. I my interpretation that means it’s a sort checklist, not too dissimilar to what previous Zcash Foundation grant recipients have had to do when they accepted a grant:

README.md

More of a “starting point” for MGRC to expand upon and adapt to the projects as selected.

Disbursement of funds and contracts will still be handled by the Zcash Foundation for tax/501c purposes but it will be the responsibility of the MGRC members to give a “green light” of sorts (based on the progress reports/milestones) for the next payout to a recipient.

I’m thinking of it like if it were a company. Where the management (MGRC) make the day to day decisions hire/evaluate/fire and hand it over to payroll (ZFND) to make sure everyone gets paperwork and paid properly.