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Proposal #12

PASSED

  • 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 as a compromise, had agreed to reduce 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$8.7k 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 ~ $4.7k

    Cosmos = 64 ATOM ~ $2.3k

    Secret = 100 SCRT ~ $896

    Iris = 1000 IRIS ~ $86

    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$4.3k 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 Deposit
    20,001 CRO
  • Submit Time
    19 Jan 2022 14:31:00 GMT
  • Deposit End TimeEnded
  • Voting Start Time
    19 Jan 2022 23:05:05 GMT
  • Voting End Time
    02 Feb 2022 23:05:05 GMT
Results

  • Abstain
    74,621,334.87567777 CRO
    (2.43%)
  • No
    282,999.69359341 CRO
    (0.00%)
  • No With Veto
    195,538.64457725 CRO
    (0.00%)
  • Yes
    2,987,492,301.84619422 CRO
    (97.54%)