# Increase the minimum deposit requirement
**URL:** https://forum.osmosis.zone/t/increase-the-minimum-deposit-requirement/357
**Category:** ION
**Created:** [September 18, 2023, 1:21pm UTC](https://forum.osmosis.zone/t/increase-the-minimum-deposit-requirement/357 "2023-09-18T13:21:22Z")
**Posts on this page:** 6
**Page:** 1
### Author:  [@kwaskoff](https://forum.osmosis.zone/u/kwaskoff)
#### Post date: [September 18, 2023, 1:21pm UTC](https://forum.osmosis.zone/t/increase-the-minimum-deposit-requirement/357/1 "2023-09-18T13:21:22Z")
We can already see two spam proposals:
> **[ION DAO | Proposal](https://www.ion.wtf/proposal/15)**
>
> ION DAO Governance
> **[ION DAO | Proposal](https://www.ion.wtf/proposal/14)**
>
> ION DAO Governance
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.
---
### Author:  [@kwaskoff](https://forum.osmosis.zone/u/kwaskoff)
#### Post date: [September 18, 2023, 1:23pm UTC](https://forum.osmosis.zone/t/increase-the-minimum-deposit-requirement/357/2 "2023-09-18T13:23:02Z")
my heart said me something that:
```auto
[
{
"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
---
### Author:  [@Jiwon-MNTS](https://forum.osmosis.zone/u/Jiwon-MNTS)
#### Post date: [September 19, 2023, 2:35am UTC](https://forum.osmosis.zone/t/increase-the-minimum-deposit-requirement/357/3 "2023-09-19T02:35:23Z")
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
---
### Author:  [@Jiwon-MNTS](https://forum.osmosis.zone/u/Jiwon-MNTS)
#### Post date: [September 19, 2023, 2:39am UTC](https://forum.osmosis.zone/t/increase-the-minimum-deposit-requirement/357/4 "2023-09-19T02:39:40Z")
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 🙂
---
### Author:  [@SasoLithops](https://forum.osmosis.zone/u/SasoLithops)
#### Post date: [September 19, 2023, 2:09pm UTC](https://forum.osmosis.zone/t/increase-the-minimum-deposit-requirement/357/5 "2023-09-19T14:09:04Z")
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.
---
### Author:  [@Jiwon-MNTS](https://forum.osmosis.zone/u/Jiwon-MNTS)
#### Post date: [September 21, 2023, 4:57am UTC](https://forum.osmosis.zone/t/increase-the-minimum-deposit-requirement/357/6 "2023-09-21T04:57:27Z")
Hey, @kwaskoff!
First, please have discussions in the ION community to clarify the amounts you will propose.
[Telegram: View @IONGovernanceWorkingGroup](https://t.me/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:
```auto
(() => {
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.](https://codebeautify.org/json-to-base64-converter)**
>
> Converts JSON data into Base64 String. It's easy to use JSON to Base64 encoder which helps to encode JSON String.
### **json**
```auto
{
"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
```auto
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
```
After that, you can put the value to the **{paste here}** in the below. That’s it.
```auto
[
{
"wasm": {
"execute": {
"contract_addr": "osmo1k8re7jwz6rnnwrktnejdwkwnncte7ek7gt29gvnl3sdrg9mtnqkse6nmqm",
"msg": "{paste here}",
"funds": []
}
}
}
]
```
To see if the outcome is valid: [https://celatone.osmosis.zone/osmo-test-5/execute](https://celatone.osmosis.zone/osmo-test-5/execute).
