Submit a governance proposal

Submit a Governance Proposal via CLI (Mac)

In this guide, we will provide a step-by-step walkthrough on how to submit a governance proposal using the Command Line Interface (CLI).

Prerequisites

• Have homebrew: https://brew.sh/

• Install Go 1.21, git

• Follow the dYdX setup guide below

Setup the dYdX CLI

Create an address to submit the proposal

Set up a dYdX Chain address:

$ dydxprotocold keys add <address name>

- address: dydx1m5...dfpe3
  name: <address name>
  pubkey: '{"@type":"/cosmos.crypto.secp256k1.PubKey","key":"BrarpF..Q1"}'
  type: local


**Important** write this mnemonic phrase in a safe place.
It is the only way to recover your account if you ever forget your password.

Some mnemonic words...

Preparing a governance proposal

1. Do a test transaction to initialize the address or the chain will not know you initialized a new address. This can be done by receiving some funds in your new wallet.

2. Create a new JSON file based on previous proposals to get the correct format. Refer to previous proposals here: https://www.mintscan.io/dydx/proposals, for example:

Testnet

//testproposal.json
{
	"title": "Title of test proposal",
	"deposit": "200000adv4tnt",
	"summary": "Summary of the test proposal",
	"metadata": "Link to DRC, or other relevant metadata",
	"messages": [
		{
			"@type": "/cosmos.gov.v1.MsgExecLegacyContent",
			"content": {
				"@type": "/cosmos.gov.v1beta1.TextProposal",
				"title": "Title of TextProposal message",
				"description": "Description of TextProposal message"
			},
			"authority": "dydx10d07y265gmmuvt4z0w9aw880jnsr700jnmapky"
		}
	]
}

Mainnet

• deposit cannot be less than the minimum deposit amount, which is 2000 DYDX, or 2000000000000000000000adydx . In the example above, we use 10000 DYDX, which will make the proposal active upon publishing.

• messages can contain more than one message for sub-items of the proposal, but cannot be empty, i.e. a proposal needs at least one motion. Adding more than one message would look like follows

"messages": [
    {
        [MESSAGE 1]
    },
    {
        [MESSAGE 2]
    },
    ...
   ]

• authorityuse the same authority for each message - dydx10d07y265gmmuvt4z0w9aw880jnsr700jnmapky

1. Create the proposal Tx.

💡 This step can be executed from any workstation. It is not even necessary to have added neither walletA , walletB , walletC nor ourMultisig .

Submit the proposal first on Testnet and if succssful, submit the proposal on mainnet.

Testnet

$ dydxprotocold tx gov submit-proposal \<JSONfilename>.json \
    --chain-id dydx-testnet-4 \
    --yes --broadcast-mode sync \
    --fees 5000000000000000adv4tnt \
    --from dydx1z79c98w069eugzjme0dkd6quuhm8vfh2a00smh \
    --node https://testnet-dydx-rpc.lavenderfive.com:443
    
auth_info:
  fee:
    amount:
    - amount: "5000000000000000"
      denom: adv4tnt
    gas_limit: "200000"
    granter: ""
    payer: ""
  signer_infos: []
  tip: null
body:
  extension_options: []
  memo: ""
  messages:
  - '@type': /cosmos.gov.v1.MsgSubmitProposal
    initial_deposit:
    - amount: "200000"
      denom: adv4tnt
    messages:
    - '@type': /cosmos.gov.v1.MsgExecLegacyContent
      authority: dydx10d07y265gmmuvt4z0w9aw880jnsr700jnmapky
      content:
        '@type': /cosmos.gov.v1beta1.TextProposal
        description: Description of TextProposal message
        title: Title of TextProposal message
    metadata: Link to DRC, or other relevant metadata
    proposer: dydx1z79c98w069eugzjme0dkd6quuhm8vfh2a00smh
    summary: Summary of the test proposal
    title: Title of test proposal
  non_critical_extension_options: []
  timeout_height: "0"
signatures: []
confirm transaction before signing and broadcasting [y/N]: y
code: 0
codespace: ""
data: ""
events: []
gas_used: "0"
gas_wanted: "0"
height: "0"
info: ""
logs: []
raw_log: '[]'
timestamp: ""
tx: null
txhash: F45964CE07EC68FC0BF826D...6572790E004FE555C7FAD

Mainnet

• dydx1z79c98w069eugzjme0dkd6quuhm8vfh2a00smh is the address of the multisig from which we send tokens - in case you have instantiated the multisig locally, you can use it’s name, e.g. ourMultisig

• proposalFile.json is the path to the file where you have store the proposal JSON

• fees value 5000000000000000adydx may need adjustment; the transaction will fail only when broadcasted if this amount is not enough