This thread is intended to serve as a temperature check prior to a onchain proposal, and a place for the community members to provide feedback. It is also the continuation of previous discussion from here.
Summary
The current deposit amount of 100 AXL appears to be insufficient and unfortunately attracts spam proposals, as we recently observed with proposals #32 and #34. In order to tackle the spam issues while still encouraging community participation in Axelar governance, we should raise the minimum deposit amount.
Proposal Deposit Approach:
Users can submit proposals with a deposit. Once the minimum deposit is reached, the proposal enters voting period.
To prevent spam, proposals must be submitted with a deposit in the coins defined by the MinDeposit param.
Participants can vote on proposals that reached MinDeposit.
Deposit refund and burn
When a proposal is finalized, the coins from the deposit are either refunded or burned according to the final tally of the proposal:
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).
When the proposal is vetoed with greater than 1/3, deposits will be burned from the governance ModuleAccount and the proposal information along with its deposit information will be removed from state.
Proposal to Increase Minimum Deposit
The current threshold of 100 AXL appears to be too low and attracts spam proposals. With a minimum deposit of sufficient size, new spam proposals will be discouraged. Nonetheless, we must consider the community and ensure that the new amount is still within the means of those who wish to meaningfully participate in governance.
Cosmos: 250 ATOM or approximately $3,670.
Osmosis: 1600 OSMO or approximately $1,680.
Evmos: 3500 EVMOS or approximately $1,550.
If you agree that the current minimum deposit should be increased, please share your thoughts on the appropriate amount, either through the poll or in the comments section below.
What would be an ideal number to raise the minimum deposit on Onchain proposals?
Based on past but also potential future markets, 2000 AXL would provide good flexibility for some time, while still protecting from a wave of scam proposals.
Thank you for this governance proposal. It certainly makes sense to use a mechanism like this to eliminate spam proposals and as such we are supportive of a change to 2000AXL.
i think we should be a bit careful with increasing voting periods thought. it’s good to be able to react to any potential bugs pretty quickly if needed. at least for now. we should increase it over time though.
[but ideally, cosmos sdk should support diff “urgency levels” for upgrades.]
I Agree to increase to minimum Deposit Governance Proposals. And i think we should VOTE for this soon as possible. Becouse today +2 scam proposals in on our network.
The target of scammer is a scam website. Where user can click, connect wallet and “finito la story”
guys, we need to make an absolute slashing proposal deposit, when the “no_with_veto” votes to maximum. Because when it rejected (check this one hour only in this proposal Interchain Explorer by Cosmostation) the deposit returns to scammer. Or am I wrong?
