What is Decentralized Hive Fund? Explained in a 2-minute video

Hi guys, today I want to talk about decentralized hive fund and why I think it is important to the Hive community. It is one of the cool features of being part of Hive ecosystem, and to become part of the decentralized community funding without any centralized authority.

If you are a web 3 developer, perhaps the decentralized hive fund can help you pursue your niche on what you are building for the world of web 3.

So what is the Decentralized Hive Fund (DHF) in a nutshell?

The Decentralized Hive Fund (DHF) is an on chain decentralized autonomous system that allows users to submit proposals for funding and vote on which proposals should be funded.

What is a proposal?

A proposal is a work plan which is set up by an individual or a group to do some kind of blockchain tool, productivity, trouble-shooting applications that will benefit the hive blockchain or the community.

Personally, I love to check the proposal by going on https://www.peakd.com and click proposals.

Here is the list of every individual or group that already submitted their proposals. Located on the top are the proposals with the highest votes from the community via a stake-voted system.

If we scroll it down, we can notice something called Return Proposal and I want you to take a closer look at the Return Proposal of @gtg that says;

Every proposal with less votes will not receive funds.

The purpose of the Return Proposal is to act in line that separates the unfunded from the funded proposals.

At the time of making this post, the Return Proposal vote value is 31,608,826.195 Hive Power. The implication is that if we want to get our proposal to get funded, it needs to accumulate a vote value of more than the Return Proposal

In my opinion, if the Hive community will see it as beneficial to the community, I have no doubt that it can get funded, just like other proposals have done. So my question for you is;

Can you see yourself submitting a proposal for Decentralized Hive Fund?

You can watch and share it on Youtube