Proposed changes

This proposal suggests to change the following governance parameters:

• Voting Period: Change from 7 days to 5 days.
• Max Deposit Period: Change from 14 days to 1 day.

Reasoning

The reasons for these proposed changes are:

• Voting Period: As ecosystem participation is picking up, most proposals get voted on by the majority of the community and validators within the first few days. To allow the project to move faster on some of these things, it is suggested to reduce the voting period.
• Max Deposit Period: While the chain hasn't had any issues with spam proposals, this change would ensure that any proposal which doesn't reach the minimum deposit gets filtered out after 1 day instead of 14 days.

Voting

• By voting YES, you agree with all proposed governance parameter changes.
• By voting NO, you disagree with one or more of the proposed governance parameter changes, and you'll share your arguments on the forum
• By voting NO WITH VETO, you think this is a SPAM proposal, and the proposal’s creator should lose their deposit.
• By voting ABSTAIN, you choose not to participate in this proposal, however, you contribute to the quorum.