Polkadot (DOT) Price: Impact of Referendum 1890 and Expectations
— Invezz
Polkadot (DOT) is trading around $1.24-$1.25 amid the effects of Referendum 1890.
Polkadot (DOT) is trading around $1.24-$1.25 amid the effects of Referendum 1890, which mandates validators to hold a minimum of 10,000 DOT.
- Referendum 1890 requires validators to maintain a minimum self-stake of 10,000 DOT, translating to about $12,400 in locked capital per validator.
- The new rule aims to enhance network security by increasing validators' financial exposure to their performance.
- The uncertainty around how many validators will need to adjust their positions may create short-term selling pressure on DOT.
Referendum 1890 could lead to selling pressure on DOT if validators need to adjust their positions, potentially impacting the price negatively.