Clarify API3 v. DAO smart contracts (#709)

docs/explore/dao-members/index.md

@@ -17,43 +17,43 @@ tags:
 
 # {{$frontmatter.title}}
 
-API3 is governed by a Decentralized Autonomous Organization (DAO). The DAO is a
+API3 delegates much of its governance to the vote of a Decentralized Autonomous Organization (DAO). API3 is a
 collaborative effort to build, manage and monetize dAPIs at scale. To achieve
-this in a fully decentralized way, the incentives of the participants are
+delegated governance and apportion grants in a fully decentralized way, the incentives and processes of the participants are
 reconciled through the governance, security, and
 [value capture utilities](/explore/dao-members/dao-pool.md#token-utilities) of
-the API3 token.
+the API3 token and its powers in the API3 DAO.
 
 The API3 project has a completely open, decentralized and direct governance
-model. Any API3 token holder can stake the DAO pool and obtain direct voting
-privileges in the DAO and thus participate in the governance of the project
-directly. In addition, stakers receive
+model. Any API3 token holder can stake in the DAO pool and obtain direct voting
+abilities in the DAO smart contract and thus participate in many aspects of the governance of the project
+directly. In addition, stakers receive immutably-coded
 [inflationary rewards](/explore/dao-members/rewards.md) and any additional
 benefits that the DAO may decide on in the future. The staked API3 tokens will
 back an on-chain [Service Coverage](/explore/dapis/using-dapis.md) as collateral
 to provide dAPI users with quantifiable and trustless security guarantees.
 
 The DAO votes on high-level matters such as staking incentives and
-collateralization, as well as grant proposals that provide DAO treasury funds to
-teams working in support of the DAO.
+collateralization (parameters of the DAO smart contract itself), as well as grant proposals that directly transfer DAO treasury assets to
+teams working in support of API3.
 
 > <img src="../assets/images/06-a-API3_DAO-Op1.png" width="450"/>
 
-## DAO Structure
+## DAO Contributors Structure
 
-The DAO organizational structure is comprised of hierarchical teams and subDAOs
-both of which manage, streamline, and secure the success of the DAO.
+The organizational structure of contributors which receive grants from the DAO is often comprised of hierarchical teams and subDAOs
+both of which manage, streamline, and secure the success of their deliverables to API3.
 
 ### Hierarchical Teams
 
 More granular tasks are conducted through hierarchical team structures for
 scalable governance.
 
-The expected workflow is to form off-chain teams and apply for grants to execute
-one-time projects or continuous operations that will benefit the DAO. The team
+A best-practice workflow is to form off-chain teams and apply for grants to execute
+one-time projects or time-defined operations that will benefit API3. The team
 makes the grant application with a multisig that has the team members assigned
-as users, and the DAO grants the funds to the multisig if the grant proposal is
-accepted.
+as users, and the DAO permissionlessly transfers the grant to the multisig if the grant proposal is
+accepted and passed by the DAO contract logic.
 
 This team-based governance scheme is scalable in terms of gas costs, as it
 requires fewer proposals to be voted on at the DAO level. It is also more
@@ -69,15 +69,15 @@ of the API3 Whitepaper</a>.
 
 ### subDAO
 
-The DAO governs by selectively allocating funds and delegating authority. When a
+The DAO is leveraged to selectively allocate funds and decisions in line with the mission of API3. When a
 task reaches a scale that can no longer be fulfilled by a team, it is assigned
 to a subDAO.
 
 > <img src="../assets/images/dao-subdao-teams.png" width="350"/>
 
 ## Principles
 
-The DAO focuses on two principles for effective governance:
+API3 focuses on two principles for effective governance:
 
 - Least Privilege
 - Transparency
@@ -96,7 +96,7 @@ specific responsibilities.
 ### Transparency
 
 Each team is expected to produce sufficiently detailed progress reports that
-enable the DAO to evaluate team performance with respect to proposed goals.
+enable the DAO's participants to evaluate team performance with respect to proposed goals.
 These public reports have the additional benefit of increased accountability as
 dAPI users and the general public can audit API3 operations.