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Summary

The Nolus governance module currently allows for the submission of expedited proposals. These proposals enable faster execution when a sufficient number of "YES" votes are gathered. The primary goal is to address urgent matters, such as critical fixes or optimizations that would benefit the blockchain by being implemented promptly, or for less significant matters like code pinning and unpinning. Typically, smart contract migration proposals are preceded by a code pinning proposal, which extends the overall migration timeline and delays a quicker go-to-market strategy.

Structure

To ensure the efficiency and effectiveness of expedited proposals, the following parameters are proposed:

• Minimum Deposit Ratio: 0.01 - needed as a value such that new proposals could be submitted via the default Cosmos SDK governance module.

Voting

By voting "YES" on this proposal, you agree to adopt the above adjustments to the parameters for the gov module.