remove proposed

Author: yaronvel

ERCS/erc-7770.md

@@ -33,7 +33,7 @@ This standard does not aim to dictate economic risk management practices, but ra
 ## Specification
 
 The key words "MUST", "MUST NOT", "REQUIRED", "SHALL", "SHALL NOT", "SHOULD", "SHOULD NOT", "RECOMMENDED", "NOT RECOMMENDED", "MAY", and "OPTIONAL" in this document are to be interpreted as described in RFC 2119 and RFC 8174.
-The proposed standard has the following requirements:
+The standard has the following requirements:
 * **MUST** be [ERC-20](./eip-20.md) compatible.
 ### Interface
 ```
@@ -85,7 +85,7 @@ The `fractionalReserveMint` **SHOULD** be used in conjunction with a lending ope
 This standard does not dictate how distribution should occur.  
 
 ## Rationale
-The proposed standard aims to standardise how multiple lending markets and risk providers can interact with a fractional reserve token. The actual lending operation should be done carefully by trusted entities, and it is the token owner's responsibility to make sure the parties who have fractional reserve minting credentials are reliable.
+The standard aims to standardise how multiple lending markets and risk providers can interact with a fractional reserve token. The actual lending operation should be done carefully by trusted entities, and it is the token owner's responsibility to make sure the parties who have fractional reserve minting credentials are reliable.
 
 At the core of the coordination relies the need to understand how much additional supply is available for borrow, and at what interest rate. The additional borrowable supply is deduced from the required reserve ratio, and the total, borrowable and segregated supply.
 The interest rate **SHOULD** be monotonically increasing with the current reserve ratio.
@@ -136,7 +136,7 @@ contract FractionalReserveToken is ERC20, Ownable {
     }
 
     // ------------------------------------------------------------------------------
-    // Code below is not part of the proposed standard
+    // Code below is not part of the standard
     // ------------------------------------------------------------------------------
     uint256 internal segregatedSupply; // supply of segregated tokens