Polkadot Validators Must Lock 10,000 DOT as Staking Redesign Kicks In

Polkadot's staking redesign is set to undergo a significant change, as validators will soon be required to lock 10,000 DOT of their own tokens by May 31. This move, outlined in Referendum 1890, aims to shift the slashing risk from ordinary stakers to validators themselves.

The new rule, which has already received 100% support on Polkadot's governance system OpenGov, will make nominators unslashable and reduce the unbonding period from 28 days to 24-48 hours. This change is seen as a crucial step towards a wider staking redesign, with new validator rewards expected to be introduced by mid-June.

The current economic structure of Polkadot has been undergoing significant changes throughout this year, including the introduction of a slashable 10,000 DOT self-stake floor and a 10% minimum commission for validators. The upcoming change is expected to address one of the major concerns holding back staking participation: the fear of losing funds due to slashing.

By mid-June, Polkadot plans to introduce rewards for validators in unlocked DOT tied to their self-stake, which will carry a one-year vesting period. This move aims to incentivize validators to take on more risk and participate in the staking process, ultimately leading to a healthier and more decentralized network.