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docs: Updated atoms amount in governance process #2566

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Jun 8, 2023
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docs: Updated atoms amount in governance process #2566

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84ba14b
Updated atoms amount in governance process
mmulji-ic Jun 6, 2023
0e109b3
Missed some references
mmulji-ic Jun 7, 2023
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2 changes: 1 addition & 1 deletion docs/governance/best-practices.md
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Expand Up @@ -155,7 +155,7 @@ See the [submitting guide](./submitting.md) for more on submitting proposals.

### The Deposit Period

The deposit period currently lasts 14 days. If you submitted your transaction with the minimum deposit (64 ATOM), your proposal will immediately enter the voting period. If you didn't submit the minimum deposit amount (currently 64 ATOM), then this may be an opportunity for others to show their support by contributing (and risking) their ATOMs as a bond for your proposal. You can request contributions openly and also contact stakeholders directly (particularly stakeholders who are enthusiastic about your proposal). Remember that each contributor is risking their funds, and you can [read more about the conditions for burning deposits here](./process.md#burned-deposits).
The deposit period currently lasts 14 days. If you submitted your transaction with the minimum deposit (250 ATOM), your proposal will immediately enter the voting period. If you didn't submit the minimum deposit amount (currently 250 ATOM), then this may be an opportunity for others to show their support by contributing (and risking) their ATOMs as a bond for your proposal. You can request contributions openly and also contact stakeholders directly (particularly stakeholders who are enthusiastic about your proposal). Remember that each contributor is risking their funds, and you can [read more about the conditions for burning deposits here](./process.md#burned-deposits).

This is a stage where proposals may begin to get broader attention. Some block explorers display proposals in the deposit period, while others don't show them until they hit voting period.

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10 changes: 5 additions & 5 deletions docs/governance/process.md
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Expand Up @@ -6,7 +6,7 @@ order: 2

## Governance Parameters
Several of the numbers involved in governance are parameters and can thus be changed by passing a parameter change proposal.
- Minimum deposit: 64 ATOM
- Minimum deposit: 250 ATOM
- Maximum deposit period: 14 days
- Voting period: 14 days
- Quorum: 40% of participating voting power
Expand All @@ -16,12 +16,12 @@ Several of the numbers involved in governance are parameters and can thus be cha

## 1. Deposit Period

The deposit period lasts either 14 days or until the proposal deposit totals 64 ATOMs, whichever happens first.
The deposit period lasts either 14 days or until the proposal deposit totals 250 ATOMs, whichever happens first.

### Deposits
Prior to a governance proposal entering the voting period (i.e., for the proposal to be voted upon), there must be at least a minimum number of ATOMs deposited (64). Anyone may contribute to this deposit, though it is usually filled by the proposal maker. Deposits of passed and failed proposals are returned to the contributors.
Prior to a governance proposal entering the voting period (i.e., for the proposal to be voted upon), there must be at least a minimum number of ATOMs deposited (250). Anyone may contribute to this deposit, though it is usually filled by the proposal maker. Deposits of passed and failed proposals are returned to the contributors.

In the past, different people have considered contributions amounts differently. There is some consensus that this should be a personal choice. There is also some consensus that this can be an opportunity for supporters to signal their support by adding to the deposit amount, so a proposer may choose to leave contribution room (i.e., a deposit below 64 ATOMs) so that others may participate. It is important to remember that any contributed ATOMs are at risk of being burned.
In the past, different people have considered contributions amounts differently. There is some consensus that this should be a personal choice. There is also some consensus that this can be an opportunity for supporters to signal their support by adding to the deposit amount, so a proposer may choose to leave contribution room (i.e., a deposit below 250 ATOMs) so that others may participate. It is important to remember that any contributed ATOMs are at risk of being burned.

### Burned deposits

Expand All @@ -46,7 +46,7 @@ Voting 'NoWithVeto' has no immediate additional financial cost to the voter - yo

There are four criteria:

1. Deposit is filled: A minimum deposit of 64 ATOM is required for the proposal to enter the voting period
1. Deposit is filled: A minimum deposit of 250 ATOM is required for the proposal to enter the voting period
- anyone may contribute to this deposit
- the deposit must be reached within 14 days (this is the deposit period)
2. Quorum is reached: A minimum of 40% of the network's total voting power (staked ATOM) is required to participate
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