To receive funding from the Decentralized Hive Fund (DHF), Hive's DAO, one must first submit a proposal for the community to review and vote upon. In it, details are spelled out such as what the project is, how much HBD is required each day as payment, and how it will benefit the Hive blockchain or ecosystem.
Voting is done by any member of the community who has Hive Power. The weight of the vote is based upon how much is staked. It is an ongoing, real time voting mechanism with users having the ability to add or remove their votes at any time.
Once getting over the threshold for approval, the payouts of HBD will begin when the proposal goes live.
There is no limit to the number of proposals one can vote for.