Funding Cycle Explanation

There are two periods associated with the application process, the Application Period and the Voting Period. These periods will be on an approximately 15 day (648,000 blocks) rotation.

• Application Period _ please see Applicant Flowfor a more detailed explanation on the application process _

• Grant proposal applications and progress reports are accepted
• Validators register to participate in CPS governance

• Voting Period

• Registered Validators vote on submitted proposals and progress reports

Below is what the funding cycle would look like for a successful, 3-month duration grant proposal through the CPS: