This proposal is for 10000 HBD/hour of funding to the HBD stabilizer. The HBD stabilizer is described in several past posts in my blog. In summary, the funding is used to buy, sell, or convert HBD in order to stabilize the peg and generate a profit for DHF, with all proceeds returned to DHF.
Previously there were proposals of various smaller amounts (100, 200, etc.) with the intent that stakeholders could vote different proposals to adjust the funding provided. This has never been used and, in practice, stakeholders have used these stabilizer proposals as a substitute "return" proposal where excess budget left over after other proposals are funded is used to stabilize the HBD market and channel excess demand for HBD, with the proceeds then returned to DHF rather than the immediate automatic "return" proposal, which does nothing else.
Due to the size of this proposal and the expectation that it functions as a 'return' type proposal, stakeholders should take care to not "overvote" beyond what is needed to clear the original return proposal. Any other proposals with fewer votes than this one are unlikely to receive continued funding
The new funding cap of 10000 per hour is more than enough for the likely available budget in upcoming months (currently around 6000 per hour of DHF funding is available after all other approved proposals are paid).
Over the past several months, available funding to the stabilizer has been 3600 per hour. That proposal is due to expire in the next few days. Upon approval of this proposal, funding will immediately increase to approximately 6000 per hour, which should further improve the peg stabilization and potentially increase generated profit to DHF, to the extent there are demand imbalances pushing HBD away from the peg.
This proposal will allow the HBD stabilizer to continue its work, and to expand available budget for stabilization as the daily DHF budget continues to grow.
A recent estimate from @dalz was that the HBD stabilizer had generated a profit of well over $1 million, adding funding for the DHF, helping to stabilize HBD, and, on net, removing many millions of HIVE from circulation.
Proposal number is 213
100% beneficiary to @hbdstabilizer