The staking team requested a new proposal to increase the minimum bond and allow new nominators above the threshold to participate in the network’s security mechanism. As mentioned by the Staking team on [this message](https://matrix.to/#/!FdCojkeGzZLSEoiecf:web3.foundation/$YNsqfhHKXoRbW_QKvtG5EKn8HodUGFts6abJJdSAoVA?via=matrix.parity.io&via=matrix.org&via=corepaper.org), Polkadot currently has 22500 nominators and the configuration of the staking system prevents further nominators to join.

The team suggests to update the staking parameters: The proposal has the goal to increase the minimum bond to allow new nominators above the threshold to participate in the network’s security mechanism, and for less staked nominators to be chilled. **Note that after the latest runtime upgrade (9090), existing nominators can always update their preference at all conditions.**

The proposal the team suggested aims to change the staking parameters to allow more nominators with higher backing stake be able to join the staking system. The existing parameters as follows:

- Minimum validator bond: None
- Maximum validator count: `1200`
- Minimum nominator bond: `80` DOT
- Maximum nominator count: `22500`
- Chill threshold: 90%

The new proposed parameters aim to update one value:

- New minimum nominator bond: `120` DOTs

The team aims to increase the limit enough so that we won't need to do another tweak for at least a month. **Multiple tracks of optimization are ongoing by the development team**, and you can read more about them on this [issue](https://github.com/paritytech/substrate/issues/9511). Furthermore, a monthly progress report will be released [here](https://gist.github.com/kianenigma/aa835946455b9a3f167821b9d05ba376) to communicate the technical details. Please note that increasing the value of the parameter to **120 DOTs** will hopefully give the team another more time until the new threshold is reached and we have made progress on a more permanent solution. Please leave your comments and feedback on the proposal. Keep in mind these measure is **temporary**, and the overall goal is the stability and security of the network.

- Preimage [HERE](https://drive.google.com/file/d/10FRH_Hzs8kqwI_lfMZhC6bu6Dt0bQdCf/view?usp=sharing) - submitted.
- Hash: `0xb862a50c4e8541c013637e9766f3059af75218f0f9630dc8b6c85dc8f633a971`

Please vote at your convenience!

 Schedule the currently externally-proposed majority-carries referendum to be tabled
 immediately. If there is no externally-proposed referendum currently, or if there is one
 but it is not a majority-carries referendum then it fails.

 The dispatch of this call must be `FastTrackOrigin`.

 - `proposal_hash`: The hash of the current external proposal.
 - `voting_period`: The period that is allowed for voting on this proposal. Increased to
   `FastTrackVotingPeriod` if too low.
 - `delay`: The number of block after voting has ended in approval and this should be
   enacted. This doesn't have a minimum amount.

 Emits `Started`.

 Weight: `O(1)`

 Update the various staking limits this pallet.

 * `min_nominator_bond`: The minimum active bond needed to be a nominator.
 * `min_validator_bond`: The minimum active bond needed to be a validator.
 * `max_nominator_count`: The max number of users who can be a nominator at once.
   When set to `None`, no limit is enforced.
 * `max_validator_count`: The max number of users who can be a validator at once.
   When set to `None`, no limit is enforced.

 Origin must be Root to call this function.

 NOTE: Existing nominators and validators will not be affected by this update.
 to kick people under the new limits, `chill_other` should be called.



- Polkadot currently has 22500 nominators and the configuration of the staking system prevents further nominators to join
- The team suggests to increase the minimum nominator bond from 80 DOT to 120 DOT 
- The staking system's parameters such as max validator count, max nominator count, and chill threshold remain unchanged
- Multiple tracks of optimization are ongoing by the development team
- Increased value of this parameter will give the team more time until the new threshold is reached and a more permanent solution is developed
- Preimage [HERE](https://drive.google.com/file/d/10FRH_Hzs8kqwI_lfMZhC6bu6Dt0bQdCf/view?usp=sharing) - Hash: `0xb862a50c4e8541c013637e9766f3059af75218f0f9630dc8b6c85dc8f633a971`

Summary: 
- Staking team requested a new proposal to increase the minimum bond and allow new nominators above the threshold to participate in the network’s security mechanism
- The proposal, to update the

#20 Increasing nominators’ min bond on Polkadot