The HIVE is converted to HBD slowly over time, like water dripping. This is to prevent the inflation rate from going through the roof and the market being flooded with tokens. All proposals on the DAO are paid out in HBD, thus providing a consistent stream of funding. This is coded in meaning it requires a fork to change it.

How does that process of transforming HIVE into HBD work for the DAO how much is transforming daily 😕? I thought the DAO only receives (& distributes) HBD.