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Update gov-fund.md
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Updated for Season 5
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oplavande authored Dec 14, 2023
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Expand Up @@ -18,15 +18,15 @@ You can read more about the total allocation of OP in the [Allocations section](
The learn more about the purpose of the Governance Fund please read the [Governance Fund Charter](https://gov.optimism.io/t/governance-fund-charter/3944).


## Phase 2
Phase 2 will distribute grants that align with Mission Requests. Please see [Get a Grant](https://community.optimism.io/docs/governance/get-a-grant/) for further details.

## Phase 1

Phase 1 will distribute grants to projects in the Optimism ecosystem.
Phase 1 distributed grants to projects in the Optimism ecosystem.
You can see how Phase 1 grants have been distributed to date in [the Governance Tracker](https://docs.google.com/spreadsheets/d/1eaHOlWB34ij1KGsXdaNyTQg4tt1Pu2JurJsElBb6a8k/edit#gid=0).

Any project on Optimism can [apply for a grant via the Optimism Grants Council](https://foul-porch-0eb.notion.site/Optimism-Grants-Council-090bb648d1854136b9630c608da7a8bc).

When a project gets a proposal approved, they are still eligible to apply for further proposals.
The Optimism Foundation recommends that projects distribute their initial allocation of tokens before requesting further tokens.
Projects are also encouraged to reference data from the success of their initial distribution to strengthen their case in future proposals.


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