This proposal adds an additional 1600 HBD/hour of funding to the HBD stabilizer, described here as well as in several other posts in my blog.
The previous supplemental funding proposal describes how the various (100, 200, 300, 400, 800 and now 1600) proposals can be used by stakeholders to vote for any level of funding between 0 and 3100 HBD/hour in increments of 100 HBD/hour, or can be voted to a position above the return proposal, becoming a destination for otherwise-unused funding.
Based on current prices, daily funding to @hbdstabilizer results in approximately a 40000% annualized (non-compounded) return to the DAO and to Hive stakeholders, accomplished by transmitting excess demand for HBD into demand for HIVE which is then purchased from the market and sequestered back into the DAO. Currently, approximately 46000 USD worth of HIVE (80000 HIVE) is being purchased and removed from the liquid markets per day, of which approximately 15000 USD is daily profit to the DAO and Hive stakeholders.
Of the currently approved budget of 1500 HBD/hour, approximately 1280 HBD/hour is being used. Depending on market conditions, the funding increases by approximately 30 HBD per day, so the current approved budget is about one week from being reached. Approving additional funding will allow this to increase over time as the available HDB budget grows.
Proposal number is 175
100% beneficiary to @hbdstabilizer