# 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.

<figure><img src="https://80973155-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FhPBz9KXxVpJGYMWiyhhx%2Fuploads%2FSzEBYXIAuFIervNXeKSW%2FProposal%20v3.png?alt=media&#x26;token=60534093-a9f5-41a8-89c6-cc63a7d323db" alt="" width="563"><figcaption></figcaption></figure>

{% hint style="info" %}
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.
{% endhint %}

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