For a proposal to be considered for voting, someone has to deposit at least 512 LUNA to the proposal. So minimum deposit represents the pre-vote stage whether the proposal is qualified or not. But, the low minimum deposit may increase frivolent governance proposals. As the cosmos hub’s minimum deposit is 512 ATOM, which is about 14 times bigger than the fiat value of Columbus-3 minimum deposit, we can say that our current minimum deposit is not enough to work as solid pre-vote stage.
Considering our current participation on governance proposal, we need to be selective on governance proposals. I propose to change the current minimum deposit(512 Luna) to 5120 Luna. By increasing minimum deposit for governance proposals, we can be more selective on governance proposals, and also forcing luna holder’s attention on proposals.
Would love to hear your thoughts or alternate proposal.