This parameter change proposal seeks validator and community approval to set the minimum initial deposit ratio for governance proposal deposits to 20%. At the current minimum deposit amount of 5M LUNC the minimum initial deposit would equate to 1M LUNC. This means, that when a proposer wants to submit a new proposal, he/she must contribute at least 1M LUNC to the initial proposal deposit in order to be eligible to submit the proposal. Otherwise the proposal would be rejected (a.k.a. the transaction would fail). Note: This proposal is not about lowering the proposal deposit amount from 5M to 1M. This proposal is about introducing a barrier of 1M to post proposals into the deposit section. Proposals will still have to fulfill the 5M deposit amount to be elevated into the voting section. It is also worth noting that the initial deposit made by the proposer will count into the overall 5M deposit requirement. As such the initial deposit will be subject to refund as soon as the deposit fails or the voting ends (in case the proposal was not vetoed).al deposit amount should be increased to 1M LUNC to combat spam messages/proposals in the deposit section. See details and discission: https://commonwealth.im/terra-luna-classic-lunc/discussion/15265-set-the-minimum-initial-deposit-to-1m-lunc
Submitted
17 Feb 2024, 21:48:34 UTC
Vote closed
25 Feb 2024, 09:42:48 UTC
Manual review needed
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Current or final voting power, calculated from the on-chain tally.
Quorum
Reached
Proposed values compared with the current module state. A difference may mean a later proposal superseded this one.
Treasury Min Initial Deposit Ratio
Objective network measurements at vote close plus 7, 30, and 90 days. Missing history is shown honestly, never backfilled with estimates.
Average block time
Preferred signal: context
7 days
A close-enough baseline and endpoint sample were not both available.
30 days
A close-enough baseline and endpoint sample were not both available.
90 days
A close-enough baseline and endpoint sample were not both available.
/cosmos.gov.v1.MsgExecLegacyContent/cosmos.params.v1beta1.ParameterChangeProposal93.61% participating
Approval
Passing
92.69% decisive Yes
Veto
Below threshold
0.29% of participation
What this message can change—not a prediction of price.
Staking ratio
Preferred signal: context
7 days
A close-enough baseline and endpoint sample were not both available.
30 days
A close-enough baseline and endpoint sample were not both available.
90 days
A close-enough baseline and endpoint sample were not both available.