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burn deposit documentation update #1473

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May 13, 2022
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burn deposit documentation update #1473

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burn deposit documentation update
hxrts May 6, 2022
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Update docs/governance/process.md
hxrts May 6, 2022
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5 changes: 1 addition & 4 deletions docs/governance/process.md
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Expand Up @@ -18,10 +18,7 @@ In the past, different people have considered contributions amounts differently.

#### Burned deposits

Deposits are burned when proposals:
1. **Expire** - deposits will be burned if the deposit period ends before reaching the minimum deposit (64 ATOM)
2. **Fail** to reach quorum - deposits will be burned for proposals that do not reach quorum ie. 40% of all staked ATOM must vote
3. **Are vetoed** - deposits for proposals with 33.4% of voting power backing the 'NoWithVeto' option are also burned
Deposits are burned only when proposals are vetoed i.e. 33.4% of voting power backing the 'NoWithVeto' option.
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Is it worth adding a link to https://github.com/cosmos/cosmos-sdk/blob/main/x/gov/spec/01_concepts.md#deposit-refund-and-burn ?

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makes sense. see below

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### 2. Voting Period

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