**IMPORTANT: This proposal was not correctly set up for whitelist and will not successfully pass. Reopened at [#55](https://polkadot.polkassembly.io/referenda/55)**

Nomination pool usage is increasing, and nomination pool commission has now rolled out on Polkadot. This referendum changes the following nomination pool settings to account for this:

- `maxPools` from 256 -> 512 (currently at 129 pools)
- `maxPoolMembers` from 16,384 -> 49,152 (currently at >12,000 members)
- `globalMaxCommission` from 0% -> 10%, enabling pool commission on Polkadot.

Further reading:
- Polkadot Forum: https://forum.polkadot.network/t/next-revision-of-increasing-nomination-pool-limits/2498/5
- GitHub tracking issue: https://github.com/paritytech/substrate/issues/14321

Here is a summary of the SubSquare post content:

- People are using nomination pools more often on Polkadot.
- The referendum proposes to increase the maximum number of pools from 256 to 512.
- The maximum number of members in a pool will increase from 16,384 to 49,152.
- The global maximum commission will increase from 0% to 10%, which means pools can charge a commission on Polkadot.
- For more information, you can read the Polkadot Forum and the GitHub tracking issue.

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Next revision of increasing nomination pool limits & commission

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