Deter Spam: Increase Required Deposit for Governance Proposals

Don’t look now, there’s spam spreading throughout the cosmos governance process. Oh no, a phishing link here, oh no, a fake airdrop there. What are we going to do?!

Stargaze has been hit with 7 spam proposals in the last 6 days. Their response has been to raise the fiat value of deposit from $115 to $460. But they’ve got to endure 3 more days of spam during the voting period until the new amount goes into effect. So far everyone has voted YES!

Gravity Bridge has also been hit with 7 spam proposals in the last 7 days. Their response has been to raise the value from $10 to $480.

It’s spreading, Ixo was just hit with its first spam.

Regen current cost is only $34, below what the spammers have been willing to pay to have their malware links posted to mintscan and keplr … and immutably forever on the blockchain.

Regen should take proactive measures to prevent the spam links from being posted in our community.

I recommend a value of at least $150 but best would be about $400. So between 900 and 2500 regen.

The max deposit period is 14 days, plenty of time for validators and community to contribute to valid proposals if the proposer does not have the required deposit amount.

Looking forward to hearing your feedback. Thanks

Apologies for rushing to get this proposal up so quickly in order to protect the Regen community from these nonsense attacks; usually the government process should move much slower.

Posted on-chain: https://www.mintscan.io/regen/proposals/27