Polkadot (DOT) has been trading in a narrow and uncertain range, with recent price action showing DOT hovering around $1.24 to $1.25, after a 1% decline over the past 24 hours. At the centre of attention is Referendum 1890, a governance proposal under Polkadot’s OpenGov system that is set to reshape validator economics. Validator rules take centre stage ahead of May 31 upgrade Referendum 1890 introduces a mandatory requirement for validators to hold a minimum self-stake of 10,000 DOT. At the current price of about $1.24 per DOT, this translates to roughly $12,400 per validator in locked capital. The rule is designed to ensure that validators carry meaningful financial exposure to their own performance.
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