The May update to the stabilizer funding proposal has just about run its course so it is time to consider what path to take going forward.
The reduced funding provided in May has proved to be largely sufficient. During occasional periods of dislocation (which have not been frequent nor severe during this time), some independent traders have entered the market to take advantage of the deviation and in doing so, assist the stabilizer to quickly restore the peg. Most of the time the stabilizer has been the most active participant in the market, and has kept the internal market reasonably stable around 1.00, often even within 0.1%.
While we have not yet seen additional stabilizer proposals, I've been approached for advice by a few parties who have considered it and may be working on it.
For the next period, I propose to make another step down in funding, from 1000 HBD per hour to 500 HBD per hour. This will continue to push HBD toward the peg and will continue to generate profits for Hive (via additional funds returned to DHF which can be used as stakeholders see fit). However, it will further widen the opportunity for additional stabilizer proposals and independent traders, the presence of which strengthens the decentralization and can contribute to a more robust system.
In addition, the stabilizer continues to receive a few thousand HBD per day from daily votes on the ten 
I've been involved in several discussions with stakeholders who feel that the global reward pool is too large given the size of the user base and organic demand for content. The
Funding from the reward pool also has the advantage of providing both HBD and HIVE tokens to the stabilizer, which helps it stabilize in both directions (DHF funding only provides HBD, which can be converted to HIVE when needed, but this process adds friction.)
As a general observation on HBD, in parallel with the improved stabilization performance and we've seen steady growth of both HBD savings, as well as large increases in HBD being used daily for transactions, particularly within the Hive Sucre community. I would encourage the Hive community to continue to expand use cases for HBD as well as developing new ones. These can add a lot of value to Hive both directly and indirectly.
Many people were skeptical that we would be able to stabilize HBD at all, now that we have done so quite effectively for over two years, let's show the world what it can be used for!
The existing proposal will end and the updated continuation proposal will start in a few days. If you support continued operation of the HBD stabilizer, please vote promptly for the new proposal:
Proposal number 288
Hivesigner link to approve
Peakd proposal link
Ecency proposal link
100% beneficiary to 
