Proposal Deposit Concept :-

• For governance proposals to enter voting, a proposal must be submitted with a deposit of the amount defined by the min_deposit param in the governance module before the deposit end time.
• A proposal minimum deposit can be contributed to and submitted by multiple different accounts, not just a single, and it does not have to be fully submitted by the proposer account.
• The proposer account is only required to deposit 1 JUNO.

Deposit Refund and Burn Concept :-

• If the proposal is approved or rejected but not vetoed, each deposit will be automatically refunded to its respective depositor, transferred from the governance ModuleAccount.
• If the proposal is vetoed with greater than 1/3 (33.4%) of voting power, deposit(s) will be burned from the governance ModuleAccount and the proposal information along with its deposit information will be removed from state.

Proposition :-

By the time of writing and at the current token price value, the minimum deposit costs 500 JUNO or approximately 1,500 in USD equivalent, which currently appears to be inadequate at preventing spam proposals. Historically, the cost of submitting a governance proposal into voting period has been much higher to deter spam proposals.

With the passing of this proposal, the minimum deposit will be increased to 1000 JUNO or approximately 3,000 in USD equivalent. This change will not be permanent and can be changed again later via governance.

Voting :-

• By voting YES, you agree that the minimum deposit for a proposal to enter the voting period should be increased from 500 JUNO to 1000 JUNO.
• By voting NO, you disagree in part or in entirety with one or more of the above statements.
• By voting ABSTAIN, you formally decline to vote either for or against the proposal.
• By voting NOWITHVETO, you seek penalizing the proposal depositors by burning their deposit of 500 JUNO, and contribute towards an automatic 1/3 veto threshold, which would result in proposal failure if reached.

This proposal was submitted by Junonaut