diff --git a/CHANGELOG.md b/CHANGELOG.md
index 02f118ae5c..b78a7588f3 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -46,6 +46,7 @@ Ref: https://keepachangelog.com/en/1.0.0/
 * Upgrade provenance to 0.45 cosmos sdk release [#607](https://github.com/provenance-io/provenance/issues/607)
 * Upgrade wasmd to v0.22.0 Note: this removes dependency on provenance-io's wasmd fork [#479](https://github.com/provenance-io/provenance/issues/479)
 * Add support for Scope mutation via wasm Smart Contracts [#531](https://github.com/provenance-io/provenance/issues/531)
+* Increase governance deposit amount and add create proposal msg fee [#632](https://github.com/provenance-io/provenance/issues/632)
 
 ### Improvements
 
diff --git a/app/upgrades.go b/app/upgrades.go
index ffe90b4dc1..2e9ef5caeb 100644
--- a/app/upgrades.go
+++ b/app/upgrades.go
@@ -7,6 +7,7 @@ import (
 	storetypes "github.com/cosmos/cosmos-sdk/store/types"
 	sdk "github.com/cosmos/cosmos-sdk/types"
 	"github.com/cosmos/cosmos-sdk/types/module"
+	govtypes "github.com/cosmos/cosmos-sdk/x/gov/types"
 	upgradetypes "github.com/cosmos/cosmos-sdk/x/upgrade/types"
 	"github.com/cosmos/ibc-go/v2/modules/core/exported"
 	ibcctmtypes "github.com/cosmos/ibc-go/v2/modules/light-clients/07-tendermint/types"
@@ -47,6 +48,13 @@ var handlers = map[string]appUpgrade{
 				return false
 			})
 
+			// set governance deposit requirement to 50,000HASH
+			govParams := app.GovKeeper.GetDepositParams(ctx)
+			beforeDeposit := govParams.MinDeposit
+			govParams.MinDeposit = sdk.NewCoins(sdk.NewCoin(sdk.DefaultBondDenom, sdk.NewInt(50_000_000_000_000)))
+			app.GovKeeper.SetDepositParams(ctx, govParams)
+			ctx.Logger().Info(fmt.Sprintf("Updated governance module minimum deposit from %s to %s", beforeDeposit, govParams.MinDeposit))
+
 			// set attribute param length to 1,000 from 10,000
 			attrParams := app.AttributeKeeper.GetParams(ctx)
 			beforeLength := attrParams.MaxValueLength
@@ -73,27 +81,30 @@ var handlers = map[string]appUpgrade{
 
 // AddMsgBasedFees adds pio specific msg based fees for BindName, AddMarker, AddAttribute, WriteScope, P8EMemorializeContract requests for v1.8.0 upgrade
 func AddMsgBasedFees(app *App, ctx sdk.Context) error {
-	ctx.Logger().Info("Adding a 10 hash (10,000,000,000 nhash) msg fee to MsgBindNameRequest (1/5)")
+	ctx.Logger().Info("Adding a 10 hash (10,000,000,000 nhash) msg fee to MsgBindNameRequest (1/6)")
 	if err := app.MsgFeesKeeper.SetMsgFee(ctx, msgfeestypes.NewMsgFee(sdk.MsgTypeURL(&nametypes.MsgBindNameRequest{}), sdk.NewCoin("nhash", sdk.NewInt(10_000_000_000)))); err != nil {
 		return err
 	}
-	ctx.Logger().Info("Adding a 100 hash (100,000,000,000 nhash) msg fee to MsgAddMarkerRequest (2/5)")
+	ctx.Logger().Info("Adding a 100 hash (100,000,000,000 nhash) msg fee to MsgAddMarkerRequest (2/6)")
 	if err := app.MsgFeesKeeper.SetMsgFee(ctx, msgfeestypes.NewMsgFee(sdk.MsgTypeURL(&markertypes.MsgAddMarkerRequest{}), sdk.NewCoin("nhash", sdk.NewInt(100_000_000_000)))); err != nil {
 		return err
 	}
-	ctx.Logger().Info("Adding a 10 hash (10,000,000,000 nhash) msg fee to MsgAddAttributeRequest (3/5)")
+	ctx.Logger().Info("Adding a 10 hash (10,000,000,000 nhash) msg fee to MsgAddAttributeRequest (3/6)")
 	if err := app.MsgFeesKeeper.SetMsgFee(ctx, msgfeestypes.NewMsgFee(sdk.MsgTypeURL(&attributetypes.MsgAddAttributeRequest{}), sdk.NewCoin("nhash", sdk.NewInt(10_000_000_000)))); err != nil {
 		return err
 	}
-	ctx.Logger().Info("Adding a 10 hash (10,000,000,000 nhash) msg fee to MsgWriteScopeRequest (4/5)")
+	ctx.Logger().Info("Adding a 10 hash (10,000,000,000 nhash) msg fee to MsgWriteScopeRequest (4/6)")
 	if err := app.MsgFeesKeeper.SetMsgFee(ctx, msgfeestypes.NewMsgFee(sdk.MsgTypeURL(&metadatatypes.MsgWriteScopeRequest{}), sdk.NewCoin("nhash", sdk.NewInt(10_000_000_000)))); err != nil {
 		return err
 	}
-	ctx.Logger().Info("Adding a 10 hash (10,000,000,000 nhash) msg fee to MsgP8EMemorializeContractRequest (5/5)")
+	ctx.Logger().Info("Adding a 10 hash (10,000,000,000 nhash) msg fee to MsgP8EMemorializeContractRequest (5/6)")
 	if err := app.MsgFeesKeeper.SetMsgFee(ctx, msgfeestypes.NewMsgFee(sdk.MsgTypeURL(&metadatatypes.MsgP8EMemorializeContractRequest{}), sdk.NewCoin("nhash", sdk.NewInt(10_000_000_000)))); err != nil {
 		return err
 	}
-
+	ctx.Logger().Info("Adding a 100 hash (100,000,000,000 nhash) msg fee to MsgSubmitProposal (6/6)")
+	if err := app.MsgFeesKeeper.SetMsgFee(ctx, msgfeestypes.NewMsgFee(sdk.MsgTypeURL(&govtypes.MsgSubmitProposal{}), sdk.NewCoin("nhash", sdk.NewInt(100_000_000_000)))); err != nil {
+		return err
+	}
 	return nil
 }