PolkaWorld proposes adjusting the ideal staking rate to incentivize staking up to 60% to address the upcoming unlock of 100 million DOT.

TechFlow reports, according to PolkaWorld, that approximately 100 million DOT tokens locked in Polkadot's initial Crowdloans will be unlocked on October 23.

To prepare for this unlocking and better adapt to the future Polkadot 2.0 environment, the community has launched Governance Referendum #166, proposing a slight increase in Polkadot’s ideal staking rate from 52.5% to 60%. This adjustment aims to allow the network to absorb the newly unlocked DOT entering the staking system without reducing staking rewards.

The proposal is currently in the public voting phase, with a current approval rate of 99.4%. If the vote passes successfully, the adjustment is expected to be implemented two days before the unlock date.