We are overall supportive of this proposition to lower the barrier. Assuming that the current value of 10K dYdX liquid tokens is approximating 30,000$ as of today, this was indeed quite restrictive. Moving it down to more manageable levels around 6,000$ seems like a reasonable outcome.
For context, we are currently ahead of proposing a minDeposit raise in the Cosmos Hub from 250 Atoms to 500. This would roughly mean a 2,500$ up to 5,000$. The reason behind that raise is to attempt a first step to tackle the problem the Hub is facing regarding spam proposals which account for more than 30% of the latest 50 proposals.
We certainly don’t want that to happen in dYdX as this chain also carries a lot more governance risk regarding its much shorter on-chain voting period.
Nevertheless, our final decision regarding the vote is a warm YES, but we also advise to monitor carefully during the next few weeks. If any unwanted governance usage were to happen after that decrease, we may want to reconsider.
