The only way a DHF proposal should pass IMO is

1. The platform can't generate revenue (core development or applications that make hive better and easier to use)
2. The program is able to replace those funds and provide more value then what it's taking. Or that the funds help catapult the application for 1 year max at which point the application needs to become self funding and profitable.

As for the APR that should have been reduced well over a year ago to 15% at least but really 10%.

But I also agree that the DHF is pumping out just stupid amounts of money for the very little it contributing to hive overall and like your figures said that's not even counting one of the biggest exit points which is the valueplan which I believe is near 1 million in itself a year especially with their little round of burst revenue they just pushed through two weeks ago.