This proposal is suggesting to reduce Moonbeam self bond from 2m to 500k GLMR. The main purpose of this reduction is to ease onboarding of new collators to the active list. Currently self bond in $ value is ~$180k, while Moonriver for example is $3k. Therefore, in order to attract new collators, we should reduce the entrance barrier. In addition, this change is reversible. Exactly as we increased the self bond from 100k to 2m GLMR almost 2 years ago, and now may decrease it to 500k GLMR - we can always raise it back again up to community decision.
The community had a decent discussion about it <a href="https://forum.moonbeam.network/t/reducing-moonbeam-self-bond-back-to-100k-glmr/2026?u=legendnodes">here</a>. The original suggestion was to decrease it directly to 100k GLMR, however eventually the majority thought it's better to start with 500k GLMR and reassess it in the future. If referendum passes &mdash; the change will enact in the next RT upgrade.

This proposal is suggesting to reduce Moonbeam self bond from 2m to 500k GLMR.  
  
The main purpose of this reduction is to ease onboarding of new collators to the active list. Currently self bond in $ value is ~$180k, while Moonriver for example is $3k. Therefore, in order to attract new collators, we should reduce the entrance barrier.  
  
In addition, this change is reversible. Exactly as we increased the self bond from 100k to 2m GLMR almost 2 years ago, and now may decrease it to 500k GLMR - we can always raise it back again up to community decision.

The community had a decent discussion about it [here](https://forum.moonbeam.network/t/reducing-moonbeam-self-bond-back-to-100k-glmr/2026?u=legendnodes). The original suggestion was to decrease it directly to 100k GLMR, however eventually the majority thought it's better to start with 500k GLMR and reassess it in the future.  
  
If referendum passes — the change will enact in the next RT upgrade.

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- **Problem Statement:** Reduce Moonbeam self bond from 2m to 500k GLMR to facilitate new collators' onboarding.
- **Significance:** Current self bond is ~$180k, hindering new collators compared to Moonriver's $3k, necessitating a reduction to attract more participants.
- **Proposed Solution:** Decrease self bond from 2m to 500k GLMR, with the flexibility to adjust it based on community decisions.
- **Expected Outcomes:** Lowering the barrier for new collators, encouraging participation, and potentially increasing network activity.

#105 Reducing Moonbeam self bond to 500k GLMR