📢 Important development in Polkadot! 🔓 On October 23, approximately 100 million DOTs locked in Polkadot's first Crowdloan will be unlocked. To prepare for this situation and adapt to Polkadot 2.0, the community initiated its 166th governance vote. 🚀
- The proposal aims to increase the ideal collateral rate of the Polkadot network from 52.5% to 60%.
- So that the network can accept new DOTs once unlocked and not have to reduce collateral rewards.
- This proposal was expedited by the Fellowship and is currently in the public voting phase, receiving 99.4% approval.
If the vote is successful, this setting is expected to be implemented two days before unlocking. 🌐
- The proposal aims to increase the ideal collateral rate of the Polkadot network from 52.5% to 60%.
- So that the network can accept new DOTs once unlocked and not have to reduce collateral rewards.
- This proposal was expedited by the Fellowship and is currently in the public voting phase, receiving 99.4% approval.
If the vote is successful, this setting is expected to be implemented two days before unlocking. 🌐