Decentralized Autonomous Funding on the Hive Blockchain Increased $9M USD | Podcast Clip
1 min readApr 24, 2020
The Hive blockchain has a unique framework for rewarding developers and projects who add value to the blockchain. It’s now commonly referred to as the DAF, or Decentralized Autonomous Funding mechanism.
The DAF has its own holdings of HIVE and HBD, which are used to fund project proposals that are made by community members, developers and applications within the Hive ecosystem.
The mechanism looks exactly like DPoS witness voting — it allows community members to vote for their favorite proposals on a stake-weighted basis. The top voted proposals receive funding autonomously from the DAF.
