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Proposal #11
DROPPED- TitleDecrease the minimum deposit amount for governance proposals
- Description
(This proposal was posted up as CdC felt that setting the minimum deposit to 5,000 CRO as per proposal #10 was too steep of a change and had opted to increase it to a more conservative 10,000 CRO. The minimum deposits can be look into again when the CRO price increases in the future)
Currently the minimum deposit amount required for raising a governance proposal is 20,000 CRO, which amounts to about US$11.5k at time of writing, or $19.3k if using CRO's all-time-high price.
The amount needed (in terms of US dollars) is way too high when compared with other Cosmos ecosystem projects. For example:
Akash = 1000 AKT ~ $2.1k
Osmosis = 500 OSMO ~ $3.4k
Cosmos = 64 ATOM ~ $2.3k
Secret = 100 SCRT ~ $590
Iris = 1000 IRIS ~ $88
I would propose reducing the minimum deposit amount required so that the cost of raising a proposal in terms of fiat value will be more in line with other cosmos-based chains.
I would suggest setting the minimum deposit required to 10,000 CRO which translates to approximately US$4.5k at the time of drafting this proposal. This will allow more shareholders to be able to raise a governance proposal while at the same time, ensuring that the threshold is not set too low to limit spam proposals
- TypeParameter Change
- Proposer
- Total Deposit1 CRO
- Submit Time19 Jan 2022 14:23:53 GMT
- Deposit End Time02 Feb 2022 14:23:53 GMT