About 100 million DOTs locked in Polkadot’s first batch of Crowdloan will be unlocked on October 24

Odaily Planet Daily News At 1:47 a.m. on October 24, about 100 million DOTs locked in the first batch of Crowdloan in Polkadot will be unlocked. In order to cope with this unlocking and to better adapt to the future situation of Polkadot 2.0, Polkadot launched Referendum 166, proposing to increase the ideal staking rate of the Polkadot network to 60%, so that the network can accommodate the DOTs that newly enter the staking system after the unlocking, and No need to reduce staking rewards. This proposal has now been accelerated by Fellowship and has entered the public voting stage. The current approval rate (Approval) is 99.4%. If the vote passes, the adjustment is expected to be implemented two days before the unlock date. (PolkaWorld)