As a step towards Economic Model for System Para Collators, this motion reduces the number of "invulnerable" collators on Statemint from four to two, and opens six positions that anyone can register in by placing a bond.
The call consists of three parts:
- Set the bond to 1,000 DOT (weight: 114,791,000)
- Reduce the Invulnerables from four to two (weight: 177,434,000)
- Set the desired number of non-invulnerable collators (from zero) to six (weight: 114,572,000)
Since batch calls are not expected to work over XCM in v9290, the message in this motion contains three separate Transact instructions.
All three of these calls require the UpdateOrigin, which is set to "more than 50% of the Council". Therefore, I have opened this as a motion requiring approval from 7 of 13 councillors. If discussion shows that people think that this is controversial, then we can reject the motion and make it a referendum.
I also recommend leaving this open for a few days to make sure that node operators can set up their Statemint nodes.