Summary
This proposal suggests increasing the required proposal deposit from the current level (e.g., 5,000 IRIS) to 100,000 IRIS, in order to discourage spam or low-effort proposals that dilute the seriousness and governance efficiency of the IRISnet ecosystem.
Motivation
As the market price of IRIS has declined significantly, the current deposit amount (~5,000 IRIS, equivalent to approximately $8–10 USD) no longer serves as an effective deterrent against low-quality or spammy governance proposals.
Increasing the deposit will:
Prevent unserious or test proposals that waste community resources
Improve the overall quality of proposals reaching the voting phase
Enhance the trust and legitimacy of the governance process
Details
Current Deposit: 5,000 IRIS (approx. $10 USD)
Proposed New Deposit: 100,000 IRIS (approx. $250 USD)
Deposit Refund Condition: Unchanged – deposit is refunded if the proposal reaches the minimum threshold to enter the voting period.
Rationale
Other Cosmos SDK-based chains have adopted similar thresholds:
Chain Deposit Requirement Approx. USD Value
Cosmos Hub 64 ATOM (~$480 USD) Effective quality filter
Osmosis 250 OSMO (~$250 USD) Active deterrent
Juno 500 JUNO (~$200 USD) Spam suppression tool
This proposal aligns IRISnet governance with best practices across the Cosmos ecosystem, while accounting for the current token valuation.
Conclusion
Raising the proposal deposit to 100,000 IRIS reflects the seriousness required to participate in governance, prevents misuse of the proposal mechanism, and supports a more sustainable and trustworthy governance process.