Increase Minimum Deposit for Governance Proposals to 100,000 PASG
Proposer not recorded (legacy proposal) · Deposit 20,000 PASG, returnedSummary
Written by the proposer · plain text### Summary This proposal is to increase the minimum deposit required for submitting a new governance proposal^Cn Passage Chain. Deposits protect against harmful spam proposals, which often contain malicious links.
The current deposit is 20,000 PASG (~$50). It is proposed to raise the amount to 100,000 PASG, an amount we believe would prevent spam proposals but not be a hindrance to the submission of legitimate proposals.
### Deposit Refund and Burn Concept If the proposal is approved or rejected but not vetoed, each deposit will be automatically refunded to its respective depositor, transferred from the governance ModuleAccount.
If the proposal is vetoed with greater than 1/3 (33.4%) of voting power, deposit(s) will be burned from the governance ModuleAccount, and the proposal information, along with its deposit information will be removed from state.
### Important Note Community members must not be priced out of making proposals on-chain. 100,000 PASG is likely a large enough deposit to deter spam while still within the reach of most community members to campaign for a deposit or provide one themselves.
Multiple users can also fund any proposal deposit, so this remains within the realm of most Cosmos users to campaign for and crowdsource funding from other community members and validators, where a good proposal may exist, but funding for a deposit is lacking.
### Voting By voting:
- **YES**: You agree that the deposit for a proposal to enter the voting period should be increased from 20,000 PASG to 100,000 PASG. - **NO**: You disagree in part or entirely with one or more of the above statements. - **ABSTAIN**: You formally decline to vote either for or against the proposal. - **NOWITHVETO**: You express that you would like to see depositors penalized by revocation of their proposal deposit, and contribute towards an automatic 1/3 veto threshold.
Messages · 1
- Content
- /cosmos.params.v1beta1.ParameterChangeProposal
- gov · depositparams
- {"min_deposit":[{"denom":"upasg","amount":"100000000000"}]}
Votes
The chain deletes individual votes once a proposal is tallied, so only the final tally remains. While a proposal is in voting, this list shows each vote live.Final tally
Result
- Met: Quorum reached467,552,160 PASG voted · 50% of bonded stake needed
- Met: PassedYes 100%, above the 50% threshold (abstain excluded)
- Met: Not vetoedNo with veto 0%, at or below 50%