Hive DAO
Proposals
Proposals can be anything (such as development, Marketing, Onboarding, etc) which is good for Hive and adds value to the ecosystem.
A proposal must have:-
1- A short Title
2- Daily requested amount in HBD
3- Proposal permalink(hive Post)
4- Proposal creator(Hive account of the proposer)
5- Proposal receiver(Hive Account, where the Proposer wants to receive funding)
6- Start date
7- End date
Total Hive DAO Budget
The total Hive DAO Budget constitutes 10% of the Reward pool, Donations, and Proposal listing fees.
Daily Hive DAO Budget
Daily Hive DAO budget is 1/100th of the Total Hive DAO Budget.
Return Proposal
A Return proposal is the one in which the proposer sets the beneficiary of the fund as Hive DAO. That means the distributor(Hive DAO) gets the fund back.
The proposals are listed in the order of the aggregated votes from the community with the highest aggregated votes placed in the top rank, the second highest will be placed in the second rank and so on.
If a Return proposal has been voted to a certain rank, then all other proposals with votes less than a Return proposal should not be funded. In other words, it becomes a new threshold for all other proposals to be considered for funding from the Hive DAO. So even if the budget is available, any proposal below a Return proposal is not funded in Hive DAO.
In Hive DAO a proposer can propose anything that brings value to Hive. The proposer then pays the non-refundable listing fees of 10 HBD to Hive DAO for getting the proposal listed. Then it is up for community voting. The proposal which receives the highest aggregated votes is placed at the top. The other proposals are listed in the order of their aggregated votes. The Return proposal demarcates the line up to which the proposals are eligible for funding. Any proposal below the Return proposal is not funded.
Any proposal eligible for funding does not mean that it will be guaranteed by Hive DAO. It does mean that if the DAO daily budget is available on that day, then it will be funded, if not sufficient enough, then maybe partially funded or not funded at all. So it is subject to the availability of the fund and rank of the proposal.
For instance, the daily Hive DAO budget is 400 HBD and there are 4 proposals. The 1st proposal has requested 100 HBD, the second one has requested 150 HBD, the third one has requested 80 HBD and the 4th one has requested 120 HBD, then 1st, 2nd, 3rd will be fully funded on that day and the 4th one will be partially funded with 70 HBD(against his request of 120 HBD). The next day funding shall commence in a similar way and will be subject to the availability of the fund.
Thank you.
The infographics of Hive DAO are prepared by me for a better understanding of the general users.
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