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Joystream / joystream

Joystream Monorepo
http://www.joystream.org
GNU General Public License v3.0
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runtime: reduce `council.minCandidateStake` #4919

Open mochet opened 1 year ago

mochet commented 1 year ago

Problem

There currently aren't enough people applying for the elections. The latest election only had 3 very late applicants which represents a security risk and also a long term risk to the project. One of many reasons that this may be is that a user must have 166k $JOY in transferable tokens, which is not only a high amount but if the token price increases significantly more may present a significant barrier to new or even old users from applying.

Solution

Reduce the minimum stake required to announce. The current value is below: council.minCandidateStake: 1,666,666,666,660,000 (= 166666.6 $JOY)

mochet commented 1 year ago

Community discussion: https://pioneerapp.xyz/#/forum/thread/633