As we are almost at 50k nominators and we need to avoid a scenario of no one being able to change or set nominations, this external motion aims to outstrip [Referendum 86](https://polkadot.polkassembly.io/referendum/86) aiming to define slightly higher nomination min bond limits, which is currently up for community vote for next 11 days and with a new motion suggest shorter voting and enactment periods. If approved and later fast-tracked by the TC, making [Referendum 86](https://polkadot.polkassembly.io/referendum/86) redundant; Hence, this proposal, along with updating several staking configurations, would also cancel the [Referendum 86](https://polkadot.polkassembly.io/referendum/86). 

Further information about the importance of the higher nomination min bond limits can be found in the initial discussion post [here](https://polkadot.polkassembly.io/post/1224). 

 ![](https://i.postimg.cc/cJJQF6CT/Screenshot-2022-12-02-at-09-24-23.png)

amount

beneficiary

- There is a proposal to change the minimum bond limits for nominators.
- This proposal aims to make the voting and enactment periods shorter.
- If approved, this proposal would cancel another proposal called Referendum 86.
- The importance of higher nomination min bond limits is discussed in a separate post.
- There is an image included in the post.

#303 Redefining Slightly Nomination Minimum Bond Limits and Removing Max Number of Nominators (replacing Referendum 86)

No Active Proposals