Increase Deposit for Proposals to 1600 OSMO

• Voting YES for this proposal will adjust the deposit required for a proposal to enter the voting period to 1600 OSMO.
• Voting NO for this proposal will keep the deposit required for a proposal to enter the voting period at 500 OSMO.

Details The current deposit for a governance proposal is 500 OSMO, worth approximately $500 in the current market. This was last adjusted in Proposal 16 to align with the value of the deposit to propose on the Cosmos Hub. At the time this had a market value of $860. 1600 OSMO has a current market value of approximately $1650 and represents a more significant penalty to discourage spam proposals such as Proposal 277.

Deposits may be filled by more than one party using the command line or wallet interfaces, such as Commonwealth and ping.pub, to ensure that the community is not priced out of governance.

Governance participants should regularly re-evaluate this parameter against OSMO price to ensure it is an appropriate spam deterrent whilst also being accessible.

At the current 25% deposit requirement for submission, a new proposal would also require a deposit of 400 OSMO to be filled to be posted to chain initially.

Commonwealth Post: https://gov.osmosis.zone/discussion/6211-increase-deposit-required-for-governance-proposals