[Whitelisted Caller] Step #1 of Validator Set Reduction
Inline with the plan raised in the Polkadot forum a few weeks ago, this proposal aim to execute the first step in the validator set reduction.
In short, this proposal will reduce the validator set to 500, reflected in the first era after the call is enacted, and adjusted the validator incentive budget of the DAP to a lower proportional value.
The enactment time is set to relay block number https://polkadot.subscan.io/block/33814400, a week from now, enabling better overview of the change.
More specifically, it does the following:
Comments (6)
Voting Aye. A commendable step toward fiscal discipline. A touch of prudence and proportionality regarding our shared resources never goes amiss—delighted to see this plan put into motion. Quite happy to do my duty from here on out, keeping two collators humming along nicely on my end.
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Proposal Passed
The config changes apply at a session boundary, but the validator count changes at the next era’s election. I haven't checked the enacting block, but we could have a short window with 600 validators in groups of 4.