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Proposal #563

Reduce Tokenfactory Denom Creation Gas

PassedParameter Change Proposal

Passed on 19 Jul 2023 with 99.1% of the votes for yes.

Yes

99.1%

100.0% without abstain

Veto

0.0%

of votes cast

Ended

19 Jul 2023

The ballotvotes cast · final tally
Yes

99.12%

of votes cast

Abstain

0.87%

of votes cast

No

0.01%

of votes cast

Veto

0.00%

of votes cast

This proposal would change the gas required to create a Tokenfactory Denom to 1,000,000 from 40,000,000.

Background

The Tokenfactory parameter DefaultCreationGasFee was set to 40,000,000 during the v16 upgrade as a spam prevention measure, as recommended in [Hidden link].

The current mempool max gas per transaction value is set to 25,000,000, which causes any transaction that uses more than this amount of gas to fail automatically.

This proposal, therefore, lowers the DefaultCreationGasFee to 1,000,000 as an arbitrarily high number for spam prevention measures while being below the max gas per transaction value.

Forum Thread: [Hidden link]

Timeline

  1. Submitted14 Jul 2023
  2. Voting started14 Jul 2023
  3. Voting ended19 Jul 2023
  4. Deposit deadline28 Jul 2023

Proposer

Address
Deposit1.6K

Rules

Not recorded for this proposal.