# Parameter

Parameter proposals affect values stored in governance contracts (Forge, Claim) and new proposals.

Parameters with a status set to ‘deprecated’ can still be queried but can’t be modified.

### Parameter Types:

MVP Parameters:

* uint64
* uint128
* decimal
* percent

v1 Parameters:

* text

{% hint style="info" %}
Text type is a work in progress for **v1** and not available in **MVP** at this time.
{% endhint %}

### Parameter Fields:

* `Reference Name`
* `Name`
* `Description`
* `Lower Range` (optional)
* `Value`
* `Upper Range` (optional)
* `Status`
  * [ ] Active
  * [ ] Deprecated

### Modifying and altering <a href="#modify-parameter" id="modify-parameter"></a>

Governance parameter fields that allow modifying:

* `Value`
* `Status`

Status field allows altering to:

* `Status`
  * [ ] Active
  * [ ] Deprecated