# Updating of Grants Management Committee

**URL:** <https://dao.rocketpool.net/t/updating-of-grants-management-committee/1968>\
**Category:** Governance\
**Created:** [10 July 2023 16:46 UTC](https://dao.rocketpool.net/t/updating-of-grants-management-committee/1968 "2023-07-10T16:46:15Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![ShfRyn](https://dao.rocketpool.net/user_avatar/dao.rocketpool.net/shfryn/32/531_2.png) [@ShfRyn](https://dao.rocketpool.net/u/ShfRyn)\
**Post date:** [10 July 2023 16:46 UTC](https://dao.rocketpool.net/t/updating-of-grants-management-committee/1968/1 "2023-07-10T16:46:15Z")

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- The GMC is proposing the elimination of the retrospective award cap, as we envision a new and improved awards process that will not only fulfill the intended utility of the retrospective award cap but also enhance it for future-forward awards.
- We propose the award cycle will take place monthly, allowing sufficient time for negotiation and enabling applicants to submit their applications at any time.
- We have established a GMC Administrator position to facilitate the new awards process and day-to-day GMC duties.

Here are the forum discussions that have taken place about the three major components:

- [Amendment For Retrospective Award Cap](https://dao.rocketpool.net/t/amendment-for-retrospective-award-cap/1767)
- [Rolling Awards Period Proposal](https://dao.rocketpool.net/t/rolling-awards-period-proposal/1819)
- [GMC Administrator Role - Call For Feedback](https://dao.rocketpool.net/t/gmc-administrator-role-call-for-feedback/1820)

You can see the proposed RPIP [here](https://github.com/rocket-pool/RPIPs/blob/main/RPIPs/RPIP-26.md).

_Poll ([view on site](https://dao.rocketpool.net/t/updating-of-grants-management-committee/1968/1))_

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**Author:** ![waqwaqattack](https://dao.rocketpool.net/letter_avatar_proxy/v4/letter/w/45deac/32.png) [@waqwaqattack](https://dao.rocketpool.net/u/waqwaqattack)\
**Post date:** [10 July 2023 16:58 UTC](https://dao.rocketpool.net/t/updating-of-grants-management-committee/1968/2 "2023-07-10T16:58:35Z")

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I strongly strongly strongly support these changes.

These will make the GMC much more efficient in operation, and it will fix many of the sore points between the community and the GMC regarding the rejection of rewards or miscalculation of awarded amounts.