# \[REVIEW\]\[GF: Phase 1 Proposal V2\] Prime Rating

**URL:** <https://gov.optimism.io/t/review-gf-phase-1-proposal-v2-prime-rating/3216>\
**Category:** Governance Fund: Phase 1\
**Tags:** cycle-8\
**Created:** [August 4, 2022, 9:52am UTC](https://gov.optimism.io/t/review-gf-phase-1-proposal-v2-prime-rating/3216 "2022-08-04T09:52:04Z")\
**Posts on this page:** 1\
**Showing post:** 2

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**Author:** ![AxlVaz](https://dub1.discourse-cdn.com/bc41dd/user_avatar/gov.optimism.io/axlvaz/32/12097_2.png) [@AxlVaz](https://gov.optimism.io/u/AxlVaz)\
**Post date:** [September 21, 2022, 6:06am UTC](https://gov.optimism.io/t/review-gf-phase-1-proposal-v2-prime-rating/3216/2 "2022-09-21T06:06:50Z")

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Hey! you can update your proposal to be evaluated by the new governance committees.

Update your proposal with the new template:

> [@Grant Proposal Template \[OLD\]](https://gov.optimism.io/t/grant-proposal-template/3233):
>
> To apply for a grant through the Grants Council, please go [here](https://app.charmverse.io/op-grants/page-701220845245208)Phase 1 Proposal Template v2 All Governance Fund grant proposals will be processed by a Grants Council in Season 3. Please submit your application to the Grants Council [here](https://foul-porch-0eb.notion.site/Optimism-Grants-Council-090bb648d1854136b9630c608da7a8bc) following the process outlined [here](https://foul-porch-0eb.notion.site/Grants-Council-Internal-Procedures-504521342ee0402980321c56f1488542). ALL CYCLE 11 GRANT PROPOSALS SHOULD USE THE UPDATED TEMPLATE [HERE](https://gov.optimism.io/t/grants-proposal-template-cycle-11/5291). Key information about Governance Fund grants 5.4% of the total initial token supply (231,928,234 OP) will be distributed to Optimism projects and communitie…

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_[View the full topic](https://gov.optimism.io/t/review-gf-phase-1-proposal-v2-prime-rating/3216)._