(If you are not familiar with the HBD stabilizer, please review my previous posts.)For the next proposal, I will be maintaining the existing budget for the stabilizer, which is 500 HBD per hour. To review, this budget is used to buy or sell HBD depending on the current market price (below or above 1 USD), with the proceeds entirely returned to the DHF. Accordingly, there is no actual "cost" to the DHF. In fact, previous proposal have returned more to the DHF than was paid out. @dalz has made several posts reporting on the flows and estimating the net profit to Hive as being millions of dollars.

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%.

Previous HBD stabilizer proposals have grown with available funding from DHF. With this proposal, funding is being scaled back, with the intent that it operate as a more ordinary DHF proposal and no longer as a substitute for the "return proposal", absorbing all available budget.

This proposal is for 10000 HBD/hour of funding to the HBD stabilizer. The HBD stabilizer is described in several past posts in my blog. In summary, the funding is used to buy, sell, or convert HBD in order to stabilize the peg and generate a profit for DHF, with all proceeds returned to DHF.

This proposal is for 10000 HBD/hour of funding to the HBD stabilizer. The HBD stabilizer is described in several past posts in my blog. In summary, the funding is used to buy, sell, or convert HBD in order to stabilize the peg and generate a profit for DHF, with all proceeds returned to DHF.

This proposal seeks reimbursement for 140 HBD of fees paid for the HBD stabilizer funding proposal (as well as this proposal)The HBD stabilizer is run with no profit or compensation to me.Proposal number is 192Hivesigner link to approve reimbursementPeakd proposal link for reimbursementEcency proposal link for reimbursement