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Update governance proposal deposit requirements #632

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4 tasks
iramiller opened this issue Feb 1, 2022 · 0 comments · Fixed by #633
Closed
4 tasks

Update governance proposal deposit requirements #632

iramiller opened this issue Feb 1, 2022 · 0 comments · Fixed by #633
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enhancement New feature or request
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@iramiller
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iramiller commented Feb 1, 2022

Summary

Update the deposit required to 50,000HASH to strongly disincentivize spam proposals. Also add a Msg Fee to increase the base cost of creating a governance proposal to 100HASH.

Problem Definition

As part of the upcoming exchange listings of the HASH token and the general wide spread use of the network it was determined that the amount of funds at risk for creating a governance proposal was too small at the current value of the token in USD.

Proposal

Update the green upgrade handler to set the deposit required on governance proposals to 50,000 hash and add a Msg fee for adding proposals.


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@iramiller iramiller added the enhancement New feature or request label Feb 1, 2022
@iramiller iramiller added this to the v1.8.0 milestone Feb 1, 2022
@iramiller iramiller moved this from Todo to In Progress in Provenance Core Protocol Team Feb 1, 2022
@iramiller iramiller self-assigned this Feb 1, 2022
Repository owner moved this from In Progress to Done in Provenance Core Protocol Team Feb 2, 2022
@iramiller iramiller moved this from Done to Archive in Provenance Core Protocol Team Mar 1, 2022
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