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.