Decentralized Hive Fund [DHF] & Return Proposal

Hey All,

Incase you are not aware then let me remind you that we have our own dedicated HIVE Blockchain Decentralized Hive Fund (DHF) which is an on chain decentralized autonomous system that allows users to submit proposals for funding and vote on which proposals should be funded. The DHF account on the Hive blockchain (currently Hive account@hive.fund) receives 10% of the annual new supply and hence funds in this account comes from here. And as of writing this article only one proposal is receiving funds from DHF which is by ecency - "Ecency development and maintenance #4" and it gets a funding of 396 HBD [HIVE BACKED DOLLAR] paid out daily. If I am not mistaken earlier there were many active proposal receiving a pay out of HBD daily but recently only the Return Proposal got a bump of HIVE POWER and right now its surpassing 60 Million HP of vote - which means if any proposal wants a funding from DHF then that needs to have a HP vote greater than 60 Million and right now its just one proposal by ecency receiving the funding. How good is that? Here are the both the active proposals ::

And this is the situation right now when we break down the DHF funding to daily funded, daily budgeted and total funds in DHF...

Daily Funded: 396 HBD

DHF Daily Budget: 233,134.814 HBD

DHF Total Budget: 23,313,481.438 HBD

Out of the daily budget 233K HBD right at the moment only 396 HBD is being paid out. Can this be the reason of the recent #HIVE surge. To be honest I am not sure but what I can add is that there is right now a tough benchmark created by the Return Proposal in terms of getting funds from DHF. Just that everyone is clear Return Proposal is not getting any funding here it just has to do with a benchmark of HIVE POWER votes which in simple terms means that a proposal to be funded needs to have HIVE POWER vote more than what the Return Proposal has and right now its 60+ Million HIVE POWER vote. Hence the aim of the Return Proposal is simply to prevent proposals with little to no approval from receiving funding. Think of it like:

I think that any proposal, that has less approval than Return Proposal I vote for, shouldn’t receive funding from Decentralized Hive Fund.

So right now the situation is all the funds coming into the Hive account@hive.fund will keep growing as it need not give out until more proposals are passed i.e. they achieve that high benchmark that has been set. Will this lead to less of development here on the chain OR will it raise the bar for serous development being taken place with some real actions and proof to justify the funding. Lets hope all of these lead to a positive outcome for #HIVE in general and right now the recent #HIVE uptick is in the right direction and I just hope we continue to see HIVE thrive further and we get to see $1 for HIVE coming pretty soo... Cheers..

Have Your Say on DHF & The Return Proposal 60+ Million Vote HIVE POWER

Did notice the Return Proposal Vote power? Is this good for #HIVE in general? DHF with only one active proposal Are others suffering from it? Would love to hear your thoughts around it in the comment box below?

Decentralized Hive Fund [DHF] & Return Proposal - Does this has to do with recent #HIVE Surge - Some Random Thoughts...

#dhf #hive #hbd #payment #return #returnproposal #hivefunding #hbdfunding #crypto #hodl #hivefunds

Best Regards

Image Courtesy:: peakd

PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've have an interest in BlockChain & Cryptos and have been investing in many emerging projects..