Reduce Tokenfactory Denom Creation Gas
passed
Expected result
Passed
Turnout / Quorum
60.45% / 20.00%
Voting period
Voting ended100.0%
Voting start 2023.07.14 at 20:27:26
Voting end 2023.07.19 at 20:27:26
Vote distribution
99.12%
124 221 126 osmo
Yes
0.01%
8 595 osmo
No
0.00%
2 219 osmo
Veto
0.87%
1 087 834 osmo
Abstain
Details
Proposer
-
Total deposit
1 600 osmo
Submit time
2023.07.14 at 20:26:19
Deposit end time
2023.07.28 at 20:26:19
Description
This proposal would change the gas required to create a Tokenfactory Denom to 1,000,000 from 40,000,000.
Background
The Tokenfactory parameter DefaultCreationGasFee was set to 40,000,000 during the v16 upgrade as a spam prevention measure, as recommended in Proposal 489.
The current mempool max gas per transaction value is set to 25,000,000, which causes any transaction that uses more than this amount of gas to fail automatically.
This proposal, therefore, lowers the DefaultCreationGasFee to 1,000,000 as an arbitrarily high number for spam prevention measures while being below the max gas per transaction value.
Forum Thread: https://community.osmosis.zone/t/reduce-tokenfactory-denom-creation-gas/92
Votes
Voter
Answer