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Proposal #16

Decrease the minimum deposit amount for governance proposals

PassedParameter Change Proposal

Passed on 01 Aug 2021 with 86.4% of the votes for yes.

Yes

86.4%

88.8% without abstain

Veto

0.2%

of votes cast

Ended

01 Aug 2021

The ballotvotes cast · final tally
Yes

86.36%

of votes cast

Abstain

2.79%

of votes cast

No

10.70%

of votes cast

Veto

0.16%

of votes cast

This proposal would lower the minimum deposit for governance proposals from the current 2500 Osmos, to 500 Osmos. The Cosmos hub currently has a minimum deposit of 64 Atoms, at the current exchange rate between Atoms and Osmos (1 Atom to 7.196 Osmo) this is equivalent to ~460 Osmos. Therefore a level of 500 Osmos seems much more reasonable.

Timeline

  1. Submitted22 Jul 2021
  2. Voting started29 Jul 2021
  3. Voting ended01 Aug 2021
  4. Deposit deadline05 Aug 2021

Proposer

Address
Deposit2.5K

Rules

Not recorded for this proposal.