This new proposal aims to enact the same as [motion 157](https://polkadot.polkassembly.io/motion/157): to temporarily increase the nomination limit to `160` DOTs. This allows for the permissionless `chill_other` transaction to be used and prune the number of nominators, in order to keep the nomination ecosystem of Polkadot active, whilst we wait for the enactment of the next runtime upgrade on Polkadot.

The enacted proposal unfortunately contained a major flaw: the numerical values are not in DOTs, but rather in PLANKs, the smallest unit of the DOT currency. Thus, the correct value for minimum nominator bond should have been set to `160 * (10^10)`, i.e. `1600,000,000,000`.
 
All values are unchanged except for `minNominatorBond`.

The correct call hash and data:

- Call data: `0x071700806e877401000000000000000000000000000000000000000000000000000001e457000001b0040000015a`

- Call hash: `0xbdf1c925dbca9e1e55de029db3786ea71949ff872e5b53588f46d0db6ccae379`

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.

- The proposal wants to increase the nomination limit to 160 DOTs temporarily.
- There was a mistake in the previous proposal, and the correct value should be 1600,000,000,000 PLANKs.
- All values are the same except for minNominatorBond.
- The correct call data is `0x071700806e877401000000000000000000000000000000000000000000000000000001e457000001b0040000015a`.
- The correct call hash is `0xbdf1c925dbca9e1e55de029db3786ea71949ff872e5b53588f46d0db6ccae379`.

#34 Polkadot’s Update to 160 DOTs as minimum nomination limit: A follow-up proposal fixing a unit mistake

No Active Proposals