From 147a8c3db3110436b59867d05478f73e6309f1db Mon Sep 17 00:00:00 2001
From: Gonna <71194715+Dhannte@users.noreply.github.com>
Date: Tue, 9 Apr 2024 07:09:36 -0300
Subject: [PATCH] Update Grants Council Charter v0.1.md

Addition of Hybrid approval for the Growth subcommittee. Growth is now able to approve applications with a portion of OP locked for 1 year.
---
 Grants Council Charter v0.1.md | 2 +-
 1 file changed, 1 insertion(+), 1 deletion(-)

diff --git a/Grants Council Charter v0.1.md b/Grants Council Charter v0.1.md
index 1f5186b..9371aba 100644
--- a/Grants Council Charter v0.1.md	
+++ b/Grants Council Charter v0.1.md	
@@ -26,7 +26,7 @@ The Governance Fund grants process will be managed by an elected Grants Council.
 
 - **Goal:** maximize the number of users interacting with applications that further a specified intent defined by the Optimism Collective
 - **Non-goal:** retroactive airdrops
-- **Format:** proposers receive milestone-based grants to pass on directly to their users as incentives for engaging with a protocol, platform, product or service. 40% of the grant will be distributed to the proposer upfront and the remaining 60% will be distributed upon completion of a mid-way point milestone. Completion of all milestones should be achievable in 3-6 months, but may extend beyond with sub-committee approval of milestones. The Grants Council has the authority to recommend to the Foundation that the second milestone installment not be distributed if milestones are not completed.
+- **Format:** proposers receive milestone-based grants to pass on directly to their users as incentives for engaging with a protocol, platform, product or service. 40% of the grant will be distributed to the proposer upfront and the remaining 60% will be distributed upon completion of a mid-way point milestone. This subcommittee can also approve hybrid applications with locked portions. Completion of all milestones should be achievable in 3-6 months, but may extend beyond with sub-committee approval of milestones. The Grants Council has the authority to recommend to the Foundation that the second milestone installment not be distributed if milestones are not completed.
 - **Reviewers:** 5
 - **Consensus:** 3/5 vote required to name a finalist
 - **Notes:** All grants are subject to the no-sale rule. The sub-committee will publish forms and rubrics in advance of each review period in line with the goals of the sub-committee. The sub-committee will incorporate community feedback.