Proposal

Terraport Governance proposals will be used to propose ideas, migrate contract, fund projects, change parameters and community opinion.

There are 3 types of Proposals:

• Migrate Contract Proposal: To upgrade the smart contracts.

• Execute Contract Proposal: To change the parameters defined in each platform component and spend money from governance.

• Text Proposal: To suggest a change or new initiative in Terraport community. It outlines objectives, motivations, and operational details, inviting members to discuss and vote.

To create a new proposal you will have to freeze a minimum of 10,000 $TERRA (10 Thousand) until the end of voting, this will serve to reduce spam and the risks associated with a malicious person entering the governance system.