June-July 2022 - Two months in Cosmos Hub governance

Lots has been happening in Cosmos Hub governance! We’re posting monthly or bimonthly summaries of the latest governance discussions, as well as highlighting proposals that have been up for consideration on the Cosmos Hub. It has been a fairly quiet two months in governance so we are adjusting the frequency of our digests to accommodate that.

This work is happening as part of our forum activation work, which we scoped in Proposal #63 (view in block explorer, see forum discussion).

We’d love to get feedback so let us know if there’s anything else you’d like to see in these updates.

Upcoming proposals

Establishing a definition of NoWithVeto

View in block explorer, see forum discussion.

Following Proposal #69, the definition of NoWithVeto has been the subject of much debate. This proposal suggests a clear definition and provides further detail and context in the forum post: “A ‘NoWithVeto’ vote indicates a proposal either (1) is deemed to be spam, i.e., irrelevant to Cosmos Hub, (2) disproportionately infringes on minority interests, or (3) violates or encourages violation of the rules of engagement as currently set out by Cosmos Hub governance.”

Gaia v8-Rho Upgrade

See forum discussion.

v8-Rho is expected to be released in Q3 and focuses on public goods offerings on the Hub including updates to the gov module and the introduction of the groups module, which will allow a wider variety of multisig and DAO behaviour. This is the first of three software upgrade posts intended to encourage discussion of the roadmap as it develops.

Gaia v9-Lambda Upgrade

See forum discussion.

v9-Lambda will focus on interchain security.

Gaia v10-Epsilon Upgrade

See forum discussion.

v10-Epsilon will focus on the ATOM monetary policy.

On-Chain and Closed Proposals

Make the Cosmos Hub the main sponsor of HackATOM Seoul 2022

View in block explorer, see forum discussion,

37500 ATOM were given to HackATOM 2022 to fund prizes for interoperability, interchain security, and Cosmos-SDK development. Prizes from this proposal will be distributed from the multisig account no later than August 14.

Gift to Cosmos stakeholders

View in block explorer.

Proposal #73 was duplicated on the Cosmos Hub, Osmosis, Juno, and Evmos. The text implied potential rewards for ‘Yes’ voters and asked ATOM holders if they like “using governance as gift notification?”. This proposal was vetoed by a slim margin with 66.77% of the participating vote selecting NoWithVeto.

Bringing Liquid Staking and DeFi to the Cosmos Hub with Interchain Security

View in block explorer, see forum discussion.

150k ATOM from the Community Pool were transferred to a multisig of Jelena (Informal Systems), Jack (StrangeLove Ventures), Zaki (Iqlusion), and David (Galileo Group). This money will be used to fund future CosmWasm projects as consumer chains using the Hub’s validators through Interchain Security. Discussion on this continues in the forum and we can expect to see implementation once Interchain Security is available.

Governance meta

Governance advertisements

Recently we’ve seen a proposal where the submitter attempted to use on-chain governance as an advertising platform for an unrelated project. Beyond vetoing and burning the deposit, voters can discourage this behavior by making it clear that submitting such proposals brings reputational damage to the submitter and is ultimately harmful to the product or service being advertised.

Malicious links in proposals

Token holders on other chains have reported proposals in the deposit period containing malicious links. Reports of this have circulated on Reddit (Osmosis Prop #298 New Osmosis Token, Juno Prop #33 New Atom Project on Juno) and the proposals did not make it into the voting period. Be cautious about clicking links in proposals, particular ones that are light on details and suggest something that ought to have been discussed in depth elsewhere (such as a new token).

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