Depositing funds

Deposit Phase Overview

The deposit phase is the initial stage in a proposal's lifecycle on Self Chain. During this phase, the proposal is visible on the blockchain but cannot proceed to a vote until the minimum deposit is met. Stakeholders can contribute funds to the proposal's deposit pool if they support moving it to the voting phase.

Key Points

• Deposit Requirement: A proposal must meet the minimum deposit requirement to progress from the deposit phase to the voting phase.

• Stakeholder Contributions: Stakeholders can contribute to the deposit pool of a proposal they support, helping it reach the required threshold.

• Forfeiture Risk: If the deposit requirement is not met within the specified period, the proposal is rejected, and the deposit may be forfeited.

This guide explains how to deposit funds into an active proposal on Self Chain.

selfchaind tx gov deposit <proposal-id> <amount>  \
    --node http://165.232.125.66:26657 \
    --gas="auto" \
    --chain-id="self-test-1" \
    --gas-prices="0.5uslf" \
    --gas-adjustment="1.2" \
    --keyring-backend file \
    --keyring-dir $SELF_CHAIN_HOME/keys \
    --broadcast-mode sync \
    --from=<your-wallet>

<amount>: 1000000uslf ⇒ 1SLF

After submitting the deposit transaction, confirm that the funds were successfully added to the proposal’s deposit pool.

selfchaind query gov proposal <proposal-id>