Governance of the Ethereum Community Foundation is fully transparent and driven by coin voting, with all funding decisions, grants, and treasury movements publicly visible

Quotes that support claims

"Coin voting will dictate grant distribution," Cole said, noting that "all funding decisions and discussions [are] 100% transparent." “Every grant is public. Every project commits to ETH alignment. Every dollar moves the number,” Cole said in an address at the Ethereum Community Conference in Cannes, France.