Summary

This proposal is to increase the minimum deposit required for proposing a new governance proposal on Passage chain. This change is required in-order to prevent spamming on the governance with spam proposals. Due to less deposit requirement currently 1000 PASG (~15$), we see increase in the number of spam proposals. Increasing this to 20000 PASG (i.e., ~150$) would help preventing spam proposals on Passage chain.

Deposit Refund and Burn Concept:

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. If the proposal is vetoed with greater than 1/3 (33.4%) of voting power, deposit(s) will be burned from the governance ModuleAccount, and the proposal information, along with its deposit information will be removed from state.

Important Note:

Community Members must not be priced out of making proposals on chain. 20000 PASG is likely a large enough deposit to deter spam while still within the reach of most community members to campaign for a deposit or provide one themselves. Multiple users can also fund any proposal deposit, so this remains within the realm of most Cosmos users to campaign for and crowdsource funding from other community members and validators, where a good proposal may exist, but funding for a deposit is lacking. # Voting By voting

• YES, you agree that for a proposal to enter the voting period should be increased from 1000 PASG to 20000 PASG.
• By voting NO, you disagree in part or in entirety with one or more of the above statements.
• By voting ABSTAIN, you formally decline to vote either for or against the proposal.
• By voting NOWITHVETO, expresses that you would like to see depositors penalized by revocation of their proposal deposit, and contributes towards an automatic 1/3 veto threshold.