Increase the minimum deposit requirement

[kwaskoff]

We can already see two spam proposals:

ION DAO | Proposal

ION DAO | Proposal

We need to increase the minimum deposit requirement to submit a proposal from 0.05 ION (~$20) to 1 ION (~$390) and to make a proposal open from 0.5 ION (~$200) to 5 ION (~$1900)

You know, we haven’t easy way tool for proposal creation. We don’t have manual for proposal creation!!

I try to create the proposal but system answer is “Query failed with (18): failed to execute message; message index: 0: Error parsing into type ion_dao::msg::ExecuteMsg: Invalid type: execute wasm contract failed: invalid request”.

And I can’t solve it.

[kwaskoff]

my heart said me something that:

[
{
		"wasm": {
			"execute": {
				"contract_addr": "osmo1k8re7jwz6rnnwrktnejdwkwnncte7ek7gt29gvnl3sdrg9mtnqkse6nmqm",
				"msg": "",
				"funds": []
			}
		}
	},
{
	"wasm": {
		"execute": {
			"contract_addr": "osmo1k8re7jwz6rnnwrktnejdwkwnncte7ek7gt29gvnl3sdrg9mtnqkse6nmqm",
			"msg": {
				"update_config": {
					"name": "ION DAO",
					"description": "DAO of the ION holders",
					"threshold": {
						"threshold": "0.5",
						"quorum": "0.3",
						"veto_threshold": "0.3"
					},
					"voting_period": {
						"time": 604800
					},
					"deposit_period": {
						"time": 604800
					},
					"proposal_deposit": "500000",
					"proposal_min_deposit": "50000"
				}
			},
			"funds": []
		}
	}
}
]

but it’s still not enough

[Jiwon-MNTS]

Hi, @kwaskoff!

I’m really happy to see this proposal up here and strongly agree with increasing the deposit thresholds

Before moving on, can I ask the rational why you proposed much higher deposit thresholds (1 ION to submit and 5 ION to open the voting period)?

Let me inform you of some details about changes in the dollar value of deposits.

ION DAO

At the launch of the DAO

• Submit: 0.05 ION ≈ $50
• Open: 0.5 ION ≈ $500

Present

• Submit: 0.05 ION ≈ $18.7
• Open: 0.5 ION ≈ $187

Proposed by you

• Submit: 1 ION ≈ $374
• Open: 5 ION ≈ $1,870

Osmosis

Current Deposit Policy of the Osmosis Governance

• Submit: 500 OSMO ≈ $168.139
• Open: 1,600 OSMO ≈ $538.0448

[Jiwon-MNTS]

Regarding the message payload, you had to encode it as base64.

If you upload the message again, I can help you check the availability with some engineers

[SasoLithops]

Absolutely agree @kwaskoff . But would maybe do it with submit 0.5 ION and open with 3 ION(at these ION prices).

It somehow should be available for anyone to submit, but need community help to open.

[Jiwon-MNTS]

Hey, @kwaskoff!

First, please have discussions in the ION community to clarify the amounts you will propose.
Telegram: Contact @IONGovernanceWorkingGroup and here.

Maybe some people feel like the minimum 3 ION and, 5 ION for voting could be too high.

Now, let me help you encode it as base64.

If you’re a dev, you can refer to:

(() => {
  const base64Str = Buffer.from(
    JSON.stringify({
      update_config: {
        name: "ION DAO",
        description: "DAO of the ION holders",
        threshold: {
          threshold: "0.5",
          quorum: "0.3",
          veto_threshold: "0.3",
        },
        voting_period: {
          time: 604800,
        },
        deposit_period: {
          time: 604800,
        },
        proposal_deposit: "500000",
        proposal_min_deposit: "50000",
      },
    }),
  ).toString("base64");

  return [
    {
      wasm: {
        execute: {
          contract_addr:
            "osmo1k8re7jwz6rnnwrktnejdwkwnncte7ek7gt29gvnl3sdrg9mtnqkse6nmqm",
          msg: base64Str,
          funds: [],
        },
      },
    },
  ];
})();

If you’re not a dev, I recommend referring to the below link first to encode it as base64.

JSON to Base64 Converter to convert JSON data to Base64 String.

json

{
  "update_config": {
    "name": "ION DAO",
    "description": "DAO of the ION holders",
    "threshold": {
      "threshold": "0.5",
      "quorum": "0.3",
      "veto_threshold": "0.3"
    },
    "voting_period": {
      "time": 604800
    },
    "deposit_period": {
      "time": 604800
    },
    "proposal_deposit": "5000000",
    "proposal_min_deposit": "1000000"
  }
}

Once you encode the json as base64, you will see the value below.

value

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

After that, you can put the value to the {paste here} in the below. That’s it.

[
	{
		"wasm": {
			"execute": {
				"contract_addr": "osmo1k8re7jwz6rnnwrktnejdwkwnncte7ek7gt29gvnl3sdrg9mtnqkse6nmqm",
				"msg": "{paste here}",
				"funds": []
			}
		}
	}
]

To see if the outcome is valid: Explorer | Celatone Explorer for Cosmos chain.