This proposal adds an additional 800 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, and now 800) proposals can be used by stakeholders to vote for any level of funding between 0 and 1500 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 40000 USD worth of HIVE (50000 HIVE) is being purchased and removed from the liquid markets per day.
Of the currently approved budget of 700 HBD/hour, approximately 650 HBD/hour is being used. Approving additional funding will allow this to increase over time as the available HDB budget grows.
Proposal number is 169
100% beneficiary to @hbdstabilizer