diff --git a/polkadot/service/src/chain_spec.rs b/polkadot/service/src/chain_spec.rs
index 73db6573ec..96c3ad2634 100644
--- a/polkadot/service/src/chain_spec.rs
+++ b/polkadot/service/src/chain_spec.rs
@@ -18,9 +18,9 @@
 
 use primitives::{H256, AuthorityId, ed25519};
 use polkadot_runtime::{
-	GenesisConfig, ConsensusConfig, CouncilSeatsConfig, DemocracyConfig,
+	GenesisConfig, ConsensusConfig, CouncilSeatsConfig, DemocracyConfig, TreasuryConfig,
 	SessionConfig, StakingConfig, TimestampConfig, BalancesConfig, Perbill,
-	CouncilVotingConfig, GrandpaConfig, UpgradeKeyConfig, SudoConfig
+	CouncilVotingConfig, GrandpaConfig, UpgradeKeyConfig, SudoConfig, Permill
 };
 
 const STAGING_TELEMETRY_URL: &str = "wss://telemetry.polkadot.io/submit/";
@@ -35,14 +35,22 @@ pub fn poc_3_testnet_config() -> Result<ChainSpec, String> {
 
 fn staging_testnet_config_genesis() -> GenesisConfig {
 	let initial_authorities = vec![
-		hex!["82c39b31a2b79a90f8e66e7a77fdb85a4ed5517f2ae39f6a80565e8ecae85cf5"].into(),
-		hex!["4de37a07567ebcbf8c64568428a835269a566723687058e017b6d69db00a77e7"].into(),
-		hex!["063d7787ebca768b7445dfebe7d62cbb1625ff4dba288ea34488da266dd6dca5"].into(),
-		hex!["8101764f45778d4980dadaceee6e8af2517d3ab91ac9bec9cd1714fa5994081c"].into(),
+		hex!["4bd3620064cda1f4cf405bf9ab565c9bad69446034c48884ffc5363a5286b145"].into(),
+		hex!["3a92077b16fbb87972be7ebaf1b7e70f5b4fac9636c136936a28d0fb494d1ed4"].into(),
+		hex!["ca8feb6f870330cdaea24e49c2f850b66729340cab164aea86c0a782ddecf57a"].into(),
+		hex!["dcb83e46917c3c0ca35b9a18a32ba6d3912b6d50ab2bd382341d2e4fd2e6946f"].into(),
 	];
 	let endowed_accounts = vec![
 		hex!["f295940fa750df68a686fcf4abd4111c8a9c5a5a5a83c4c8639c451a94a7adfd"].into(),
 	];
+	const MILLICENTS: u128 = 1_000_000_000;
+	const CENTS: u128 = 1_000 * MILLICENTS;    // assume this is worth about a cent.
+	const DOLLARS: u128 = 100 * CENTS;
+
+	const SECS_PER_BLOCK: u64 = 6;
+	const MINUTES: u64 = 60 / SECS_PER_BLOCK;
+	const HOURS: u64 = MINUTES * 60;
+	const DAYS: u64 = HOURS * 24;
 	GenesisConfig {
 		consensus: Some(ConsensusConfig {
 			code: include_bytes!("../../runtime/wasm/target/wasm32-unknown-unknown/release/polkadot_runtime.compact.wasm").to_vec(),	// TODO change
@@ -50,69 +58,74 @@ fn staging_testnet_config_genesis() -> GenesisConfig {
 		}),
 		system: None,
 		balances: Some(BalancesConfig {
-			transaction_base_fee: 100,
-			transaction_byte_fee: 1,
-			existential_deposit: 500,
-			transfer_fee: 0,
-			creation_fee: 0,
-			reclaim_rebate: 0,
-			balances: endowed_accounts.iter().map(|&k|(k, 1u128 << 60)).collect(),
+			balances: endowed_accounts.iter().map(|&k| (k, 10_000_000 * DOLLARS)).collect(),
+			transaction_base_fee: 1 * CENTS,
+			transaction_byte_fee: 10 * MILLICENTS,
+			existential_deposit: 1 * DOLLARS,
+			transfer_fee: 1 * CENTS,
+			creation_fee: 1 * CENTS,
+			reclaim_rebate: 1 * CENTS,
 		}),
 		session: Some(SessionConfig {
 			validators: initial_authorities.iter().cloned().map(Into::into).collect(),
-			session_length: 60,	// that's 5 minutes per session.
+			session_length: 5 * MINUTES,
 		}),
 		staking: Some(StakingConfig {
 			current_era: 0,
 			intentions: initial_authorities.iter().cloned().map(Into::into).collect(),
 			offline_slash: Perbill::from_billionths(1_000_000),
-			session_reward: Perbill::from_billionths(60),
+			session_reward: Perbill::from_billionths(2_065),
 			current_offline_slash: 0,
 			current_session_reward: 0,
-			validator_count: 12,
-			sessions_per_era: 12,	// 1 hour per era
-			bonding_duration: 24 * 60 * 12,	// 1 day per bond.
+			validator_count: 7,
+			sessions_per_era: 12,
+			bonding_duration: 60 * MINUTES,
 			offline_slash_grace: 4,
 			minimum_validator_count: 4,
 		}),
 		democracy: Some(DemocracyConfig {
-			launch_period: 12 * 60 * 24,	// 1 day per public referendum
-			voting_period: 12 * 60 * 24 * 3,	// 3 days to discuss & vote on an active referendum
-			minimum_deposit: 5000,	// 12000 as the minimum deposit for a referendum
-			public_delay: 10 * 60,
+			launch_period: 10 * MINUTES,    // 1 day per public referendum
+			voting_period: 10 * MINUTES,    // 3 days to discuss & vote on an active referendum
+			minimum_deposit: 50 * DOLLARS,    // 12000 as the minimum deposit for a referendum
+			public_delay: 10 * MINUTES,
 			max_lock_periods: 6,
 		}),
-		grandpa: Some(GrandpaConfig {
-			authorities: initial_authorities.clone().into_iter().map(|k| (k, 1)).collect(),
-		}),
 		council_seats: Some(CouncilSeatsConfig {
 			active_council: vec![],
-			candidacy_bond: 5000,	// 5000 to become a council candidate
-			voter_bond: 1000,		// 1000 down to vote for a candidate
-			present_slash_per_voter: 1,	// slash by 1 per voter for an invalid presentation.
-			carry_count: 6,		// carry over the 6 runners-up to the next council election
-			presentation_duration: 12 * 60 * 24,	// one day for presenting winners.
-			approval_voting_period: 12 * 60 * 24 * 2,	// two days period between possible council elections.
-			term_duration: 12 * 60 * 24 * 24,	// 24 day term duration for the council.
-			desired_seats: 0, // start with no council: we'll raise this once the stake has been dispersed a bit.
-			inactive_grace_period: 1,	// one addition vote should go by before an inactive voter can be reaped.
+			candidacy_bond: 10 * DOLLARS,
+			voter_bond: 1 * DOLLARS,
+			present_slash_per_voter: 1 * CENTS,
+			carry_count: 6,
+			presentation_duration: 1 * DAYS,
+			approval_voting_period: 2 * DAYS,
+			term_duration: 28 * DAYS,
+			desired_seats: 0,
+			inactive_grace_period: 1,    // one additional vote should go by before an inactive voter can be reaped.
 		}),
 		council_voting: Some(CouncilVotingConfig {
-			cooloff_period: 75,
-			voting_period: 20,
+			cooloff_period: 4 * DAYS,
+			voting_period: 1 * DAYS,
 			enact_delay_period: 0,
 		}),
-		parachains: Some(Default::default()),
 		timestamp: Some(TimestampConfig {
-			period: 2,					// 2*2=4 second block time.
+			period: SECS_PER_BLOCK / 2, // due to the nature of aura the slots are 2*period
 		}),
-		treasury: Some(Default::default()),
+		treasury: Some(TreasuryConfig {
+			proposal_bond: Permill::from_percent(5),
+			proposal_bond_minimum: 1 * DOLLARS,
+			spend_period: 1 * DAYS,
+			burn: Permill::from_percent(50),
+		}),
+		parachains: Some(Default::default()),
 		upgrade_key: Some(UpgradeKeyConfig {
 			key: endowed_accounts[0],
 		}),
 		sudo: Some(SudoConfig {
 			key: endowed_accounts[0],
 		}),
+		grandpa: Some(GrandpaConfig {
+			authorities: initial_authorities.clone().into_iter().map(|k| (k, 1)).collect(),
+		}),
 	}
 }