This is a great BIP write up and I like the different categories. However I think the payouts should be in a specific USD amount of badger. Otherwise you have teams getting payed wildly different amounts for similar work just based on what the price is at the time they are payed. Some people, especially full-time developers would need to sell their badger as they are paid for living expenses and would maybe getting paid extremely well one month but not so good the next. At the very least have a mechanism to change the amounts once a month or so. Another idea is to give the grant recipient the option to be paid either way; in a specific amount of badger or usd amount of badger at time of payment.
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