diff --git a/Cargo.lock b/Cargo.lock
index e4a7c6b026..73377fdfdf 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -871,7 +871,7 @@ dependencies = [
 
 [[package]]
 name = "basilisk-runtime"
-version = "108.0.0"
+version = "109.0.0"
 dependencies = [
  "cumulus-pallet-aura-ext",
  "cumulus-pallet-dmp-queue",
diff --git a/runtime/basilisk/Cargo.toml b/runtime/basilisk/Cargo.toml
index 8020c2580c..7263249c7a 100644
--- a/runtime/basilisk/Cargo.toml
+++ b/runtime/basilisk/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "basilisk-runtime"
-version = "108.0.0"
+version = "109.0.0"
 authors = ["GalacticCouncil"]
 edition = "2021"
 homepage = "https://github.com/galacticcouncil/Basilisk-node"
diff --git a/runtime/basilisk/src/governance.rs b/runtime/basilisk/src/governance.rs
index 0526d6e34f..856a8fa27b 100644
--- a/runtime/basilisk/src/governance.rs
+++ b/runtime/basilisk/src/governance.rs
@@ -112,9 +112,9 @@ parameter_types! {
 	pub const DesiredMembers: u32 = 7;
 	pub const DesiredRunnersUp: u32 = 9;
 	pub const ElectionsPhragmenPalletId: LockIdentifier = *b"phrelect";
-	pub const MaxElectionCandidates: u32 = 1_000;
-	pub const MaxElectionVoters: u32 = 1_000;
-	pub const MaxVotesPerVoter: u32 = 5;
+	pub const MaxElectionCandidates: u32 = 100;
+	pub const MaxElectionVoters: u32 = 768;
+	pub const MaxVotesPerVoter: u32 = 10;
 }
 
 impl pallet_elections_phragmen::Config for Runtime {
@@ -181,7 +181,7 @@ impl pallet_collective::Config<TechnicalCollective> for Runtime {
 
 parameter_types! {
 	pub const DataDepositPerByte: Balance = CENTS;
-	pub const TipCountdown: BlockNumber = 2 * HOURS;
+	pub const TipCountdown: BlockNumber = 24 * HOURS;
 	pub const TipFindersFee: Percent = Percent::from_percent(1);
 	pub const TipReportDepositBase: Balance = 10 * DOLLARS;
 	pub const TipReportDepositPerByte: Balance = CENTS;
diff --git a/runtime/basilisk/src/lib.rs b/runtime/basilisk/src/lib.rs
index 3faad1886d..91515b5cfb 100644
--- a/runtime/basilisk/src/lib.rs
+++ b/runtime/basilisk/src/lib.rs
@@ -102,7 +102,7 @@ pub const VERSION: RuntimeVersion = RuntimeVersion {
 	spec_name: create_runtime_str!("basilisk"),
 	impl_name: create_runtime_str!("basilisk"),
 	authoring_version: 1,
-	spec_version: 108,
+	spec_version: 109,
 	impl_version: 0,
 	apis: RUNTIME_API_VERSIONS,
 	transaction_version: 1,