@@ -43,10 +43,10 @@ Good proposals all include the following:
4343- A **detailed and clear description of the proposal**. If you're proposing something technical, user stories are a good idea.
4444- An overview of **why you are the right person for the job**. A description of your background, familiarity with the project, and professional/education experience are all good starts.
4545- Your estimate for **date of completion**.
46−- The **amount of funding** you'd like for the project.
46+- The **amount of funding** you'd like for the project, denominated in stars.
4747- What **specific deliverables** will look like.
4848
49−It's recommended to break your project into _milestones_, each of which must have its own completion dates, funding amounts and deliverables. In general, proposals should target a first deliverable within two months of the start of the project.
49+It's recommended to break your project into _milestones_, each of which must have its own completion dates, funding amounts and deliverables. In general, proposals should target a first deliverable within two months of the start of the project. Proposals should have a maximum of five milestones as scoping a project beyond that is impractical, and each milestone should constitute significant enough work to warrant the reward of a full star.
5050
5151Here are some examples of exceptional proposals for reference:
5252
@@ -56,7 +56,7 @@ Here are some examples of exceptional proposals for reference:
5656
5757### Funding
5858
59−The Urbit Foundation will provide funding of up to $50,000 USD for any one grant, paid in [WSTR](https://star.market).
59+The Urbit Foundation will provide funding of up to five stars for any one grant.
6060
6161Our formula for determining how much to value a particular grant is a function of time spent on the project, value to the Urbit universe, and track record of the contributor (either via past work within the grants program, or a relevant external background).
6262
@@ -108,6 +108,6 @@ The Urbit Foundation must comply with international law when distributing addres
108108
109109## Getting Paid
110110
111−After you've finished your work and gotten signoff from your champion, you'll [submit an invoice](https://airtable.com/shrXXCs1uaxtNSBcg) to the Urbit Foundation for the amount in USD agreed upon in your grant or milestone, which the Foundation will pay in WSTR.
111+After you've finished your work and gotten signoff from your champion, you'll [submit an invoice](https://airtable.com/shrXXCs1uaxtNSBcg) to the Urbit Foundation for the amount agreed upon in your grant or milestone, which the Foundation will pay.
112112
113113We approve and issue payments twice per month, **on the 2nd and 17th**, with payments happening over the course of **up to five days following those dates.** It takes a while because we have to issue each payment individually, and weekends/holidays sometimes interfere.