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.