The dYdX community has initiated a temperature check proposal to "reduce the minimum deposit for governance voting to 2000 DYDX."

ChainCatcher news, a new proposal has been posted on the dYdX community forum aimed at reducing the minimum deposit amount required for users to submit governance proposals from 10,000 DYDX to 2,000 DYDX, and extending the maximum deposit period from 2 days to 7 days.

It is reported that the proposal was put forward by Chorus One, with the intention of encouraging community members with less funding to participate in on-chain governance activities and providing more time for community members to meet proposal requirements, thereby promoting the development and growth of dYdX. The current deposit amount is approximately $28,000, which may pose a significant burden on community members and limit their ability to participate in on-chain governance.

Additionally, the proposal points out that increasing the deposit period will provide greater flexibility for community members who wish to propose on-chain. If the proposal does not encounter strong opposition, the community may conduct on-chain voting as early as February 12 (Monday).