diff --git a/src/components/strings.tsx b/src/components/strings.tsx
index 063081e1a9..10798edd35 100644
--- a/src/components/strings.tsx
+++ b/src/components/strings.tsx
@@ -227,12 +227,10 @@ export const PREVENT_OVERSPENDING_EXPLANATION = (
 
 export const FEES_EXPLANATION = (
   <Trans>
-    Payouts to other Juicebox projects don't incur fees. A 2.5% fee is taken out
-    of all other payouts. You will receive the{' '}
-    <Link href={v2v3ProjectRoute({ projectId: 1 })}>
-      JuiceboxDAO governance token
-    </Link>{' '}
-    when you pay fees.{' '}
+    Payouts to other Juicebox projects don't incur fees. A 2.5% fee is taken
+    from all other payouts. This project's owner will receive{' '}
+    <Link href={v2v3ProjectRoute({ projectId: 1 })}>JBX</Link> in exchange for
+    fees paid.{' '}
     <ExternalLink href={helpPagePath(`/dao/reference/jbx/`)}>
       Learn more
     </ExternalLink>
diff --git a/src/components/v2v3/V2V3Project/V2V3FundingCycleSection/modals/DistributePayoutsModal.tsx b/src/components/v2v3/V2V3Project/V2V3FundingCycleSection/modals/DistributePayoutsModal.tsx
index 5b35bd031a..298a98c593 100644
--- a/src/components/v2v3/V2V3Project/V2V3FundingCycleSection/modals/DistributePayoutsModal.tsx
+++ b/src/components/v2v3/V2V3Project/V2V3FundingCycleSection/modals/DistributePayoutsModal.tsx
@@ -122,7 +122,11 @@ export default function DistributePayoutsModal({
     >
       <div className="flex flex-col gap-6">
         <Form layout="vertical">
-          <Form.Item className="mb-0" label={<Trans>Amount to pay out</Trans>}>
+          <Form.Item
+            className="mb-0"
+            label={<Trans>Amount to pay out</Trans>}
+            extra={<Trans>Recipients will recieve payouts in ETH</Trans>}
+          >
             <FormattedNumberInput
               placeholder="0"
               value={distributionAmount}
@@ -145,9 +149,9 @@ export default function DistributePayoutsModal({
           </Form.Item>
         </Form>
         <div>
-          <h4>
+          <div className="text-md mb-2 font-medium">
             <Trans>Payout recipients</Trans>
-          </h4>
+          </div>
 
           {payoutSplits?.length === 0 ? (
             <Callout.Info className="mb-4">
@@ -168,14 +172,8 @@ export default function DistributePayoutsModal({
             />
           </div>
         </div>
-        <Callout.Info>
-          <>
-            <p>
-              <Trans>Recipients will receive payouts in ETH.</Trans>
-            </p>
-            {FEES_EXPLANATION}
-          </>
-        </Callout.Info>
+
+        <Callout.Info>{FEES_EXPLANATION}</Callout.Info>
       </div>
     </TransactionModal>
   )
diff --git a/src/components/v2v3/shared/ReservedTokensList.tsx b/src/components/v2v3/shared/ReservedTokensList.tsx
index 9dbb7aac30..0102902cf0 100644
--- a/src/components/v2v3/shared/ReservedTokensList.tsx
+++ b/src/components/v2v3/shared/ReservedTokensList.tsx
@@ -43,14 +43,17 @@ export const ReservedTokensList: React.FC<
                   title={<AllocationItemTitle allocation={allocation} />}
                   amount={formatPercent(allocation.percent)}
                   extra={
-                    <DeleteOutlined
-                      onClick={e => {
-                        e.stopPropagation()
-                        removeAllocation(allocation.id)
-                      }}
-                    />
+                    isEditable ? (
+                      <DeleteOutlined
+                        onClick={e => {
+                          e.stopPropagation()
+                          removeAllocation(allocation.id)
+                        }}
+                      />
+                    ) : undefined
                   }
                   onClick={() => {
+                    if (!isEditable) return
                     setSelectedAllocation(allocation)
                     modal.open()
                   }}
diff --git a/src/locales/messages.pot b/src/locales/messages.pot
index f6e83f9d18..a4716f6385 100644
--- a/src/locales/messages.pot
+++ b/src/locales/messages.pot
@@ -2837,6 +2837,9 @@ msgstr ""
 msgid "Pause project token transfers"
 msgstr ""
 
+msgid "Recipients will recieve payouts in ETH"
+msgstr ""
+
 msgid "{0} must be numeric"
 msgstr ""
 
@@ -3437,9 +3440,6 @@ msgstr ""
 msgid "The issuance rate is reduced by this percentage every cycle (every {0}). The higher this rate, the more incentive to pay this project earlier."
 msgstr ""
 
-msgid "Recipients will receive payouts in ETH."
-msgstr ""
-
 msgid "Supporters won't receive tokens when they pay this project."
 msgstr ""
 
@@ -3989,9 +3989,6 @@ msgstr ""
 msgid "<0>Juicebox is a programmable crypto fundraising platform for web3. It helps people fund, operate, and scale their projects transparently using Ethereum, which is a type of programmable cryptocurrency.</0><1>Juicebox is funded and owned by its community.</1>"
 msgstr ""
 
-msgid "Payouts to other Juicebox projects don't incur fees. A 2.5% fee is taken out of all other payouts. You will receive the <0>JuiceboxDAO governance token</0> when you pay fees. <1>Learn more</1>."
-msgstr ""
-
 msgid "Juicecrowd soft target"
 msgstr ""
 
@@ -4436,6 +4433,9 @@ msgstr ""
 msgid "Start"
 msgstr ""
 
+msgid "Payouts to other Juicebox projects don't incur fees. A 2.5% fee is taken from all other payouts. This project's owner will receive <0>JBX</0> in exchange for fees paid. <1>Learn more</1>."
+msgstr ""
+
 msgid "File empty or corrupt. Try again."
 msgstr ""