Staking: set min validator bond to 10K DOT

Whitelisted by https://collectives.subsquare.io/fellowship/referenda/527

What

As communicated in the forum post here , we propose a MinValidatorBond (minimum self stake) of 10k DOT to be enforced to secure the network on Polkadot AssetHub.

The current value of MinValidatorBond is 0.
After the 10k DOT min self-stake is enacted, new validators must be compliant with the new requirement.
set_staking_configs to 10k DOT does not kick existing validators but pre-existing under-bonded validators will face significant risk of chilling.

This change, and having all active validators comply with the minimum self-stake, is a mandatory pre-requirement before being able to make nominators unslashable and fast-unbondable.

Snapshot of validators' current self stake here.

Full explanation here https://hackmd.io/@sigurpol77/S10g64OJMl

Edited

Polkadot wants all validators to pledge at least 10,000 DOT of their own money.
This rule is to make the network safer.
New validators must follow the rule right away.
Existing validators who have less than 10,000 DOT risk getting kicked out.
This change is needed before making other big updates to the system.

Source

Whitelisted by https://collectives.subsquare.io/fellowship/referenda/527

What

As communicated in the forum post here , we propose a MinValidatorBond (minimum self stake) of 10k DOT to be enforced to secure the network on Polkadot AssetHub.

The current value of MinValidatorBond is 0.
After the 10k DOT min self-stake is enacted, new validators must be compliant with the new requirement.
set_staking_configs to 10k DOT does not kick existing validators but pre-existing under-bonded validators will face significant risk of chilling.

This change, and having all active validators comply with the minimum self-stake, is a mandatory pre-requirement before being able to make nominators unslashable and fast-unbondable.

Snapshot of validators' current self stake here.

Full explanation here https://hackmd.io/@sigurpol77/S10g64OJMl

Edited