moneromoo is well-known contributor with a string of commits and good pull requests: https://github.com/monero-project/bitmonero/commits/master?author=moneromooo-monero

I personally support his application for funding, as does the rest of the core team. He has committed to working for 260 hours over 6 months or so (until they run out) at a total cost of 7800 XMR, ie. 30 XMR per hour. This is obviously a vastly reduced rate for a competent C / C++ developer, and moneromoo is taking on the effort in his spare time in the hopes that the XMR will be worth significantly more some day.

Milestones will be time based, with 1300 XMR released every 45 hours worked (or 35 hours for the last bit). As with all funding using the FFF (forum funding system) the funds will only be released to him on completion of a milestone and on a general community agreement that there was work done in that period. He will not be expected to put in a timesheet, per se, but he will be expected to provide a list of things he worked on and associated PRs / commits for that period.