I just want to echo what @tromer said. But also to point out that even an entire year’s worth of the funding requested in this grant constitutes a small percentage of a single month’s worth of the ZOMG share of the dev fund.
Having been through various grant proposal processes, I’m sympathetic to the frustration that comes with putting in a lot of work to demonstrate a PoC, then having a grant committee withhold funding. Normally this is understandable because the number of fundable proposals is much greater than the funds available. Here we are kind of in the opposite situation. It would be a catastrophe to lose one of the best wallets in the ecosystem over what is basically a rounding error in ZOMG’s budget.
I am not urging ZOMG to spend profligately. But I would love to see better security achieved more through overspending (eg more security reviews, redundant competing projects) rather than withholding funds from projects with a track record.