Proposal #304
Passed on 10 Aug 2022 with 97.6% of the votes for yes.
Yes
97.6%
98.7% without abstain
Veto
0.0%
of votes cast
Ended
10 Aug 2022
97.62%
of votes cast
1.14%
of votes cast
1.23%
of votes cast
0.01%
of votes cast
Voting YES for this proposal will adjust the deposit required for a proposal to enter the voting period to 1600 OSMO.
Voting NO for this proposal will keep the deposit required for a proposal to enter the voting period at 500 OSMO.
Details The current deposit for a governance proposal is 500 OSMO, worth approximately $500 in the current market. This was last adjusted in [Hidden link] to align with the value of the deposit to propose on the Cosmos Hub. At the time this had a market value of $860. 1600 OSMO has a current market value of approximately $1650 and represents a more significant penalty to discourage spam proposals such as [Hidden link].
Deposits may be filled by more than one party using the command line or wallet interfaces, such as [Hidden link] and [Hidden link], to ensure that the community is not priced out of governance.
Governance participants should regularly re-evaluate this parameter against OSMO price to ensure it is an appropriate spam deterrent whilst also being accessible.
At the current 25% deposit requirement for submission, a new proposal would also require a deposit of 400 OSMO to be filled to be posted to chain initially.
Commonwealth Post: [Hidden link]