I had exactly your same reaction about the HBD APR and I think is a mistake, I have been super against the idea of even lowering it from 20% to 15% and the price of Hive was pretty up a few months back yet nobody was trying to get the 15% back up to 20%. That said, I do think that the way that the money is managed can use more structure and accountability.

My idea was to have a group that go into the DHF and keep watch of the current proposals and serve as a way to report a more structured and wholesome information on the projects. So whoever wants to participate and approve they know they should offer more data and not just have the community hoping they are getting their money.

For that also an emergency mechanism need to be coded to halt approved proposals and not print money into dead pits.