It is only 10% of the currently daily pay based on the current HBD amount in the DAO.
Soon, all of the HIVE in the DAO will be converted to HBD and will be made available for proposals as well! Plenty of development work will be able to get funded by the token amount in the DAO.
At the current price of HIVE/HBD, the @steem.dao has 15,006,636.9 HBD to be converted from the HIVE balance. This will happen slowly overtime in a coming hard fork.
OT
Is that decided already? That’s a lot of debt.
Yes it will happen slowly over a period of time.
Also, there is discussion to have the @steem.dao HBD balance not be processed during the debt calculation.
Cool, thanks for the info. And good news on the debt calculation discussion as daily printing of HBD for DAO in itself already represents a massive amount of debt.
So only the HBD that is in circulation would count for the debt ratio?
That's a possible implementation, yes. Still needs to be discussed and modeled.
Excellent. I’d noticed the increased “balance sheet” already, but knew it wasn’t enough to account for all the Steemit Inc. stake I’d heard had been moved to the DAO. Thanks for the explanation!