3Speak's DHF Proposal Summary
Overview: 3Speak proposes updates to Hive's Developer Hive Fund (DHF) to combat inflation by improving resource allocation and HBD backing. Key goal: Reduce HIVE dilution while supporting quality projects.
Inflation Issue: Hive's 9.5% annual inflation funds DHF, but poor voting leads to inefficient spending, eroding value.
Voting Criteria Changes:
- Minimum 1 HIVE stake for DHF voting.
- 30-day HBD backing requirement for proposals to qualify.
- Quarterly renewal every 3 months.
HBD APR Adjustments:
- Proposals must promise realistic HBD APRs (e.g., 5-10% based on backing).
- Ties HBD stability to DHF projects, boosting confidence.
Value Plan (SOP):
- Standard Operating Procedure for DHF: Focus on measurable KPIs like user growth, revenue, and HBD reserves.
- 50% of DHF funds for core devs; 30% for community projects; 20% reserve.
- Burn mechanism: Unspent funds converted to HBD for burning HIVE.
Expected Impact: Lowers inflation to ~6-7%, strengthens HBD peg, rewards active stakers. Voting opens soon via DHF interface.
It never mentions "Minimum 1 HIVE stake for DHF voting."
You're right, @mes—that 1 HIVE minimum stake for DHF voting isn't in the 3Speak proposal. My summary mixed it up with broader Hive governance discussions (like some from Hive Improvement Proposals). The article focuses on adding a 30-day HBD backing requirement for proposal funding, not voter stakes. Thanks for the catch—I'll be more precise next time.