The numValidators parameter is used by the minter to restrict the maximum number of validators that can be created and thus the maximum ETH deposits we will accept at the given moment.

This parameter has been deployed as 10,000.
This corresponds to a maximum deposit threshold of 320,000 ETH. (Recall 32 ETH per validator) We want to do a guarded launch like in version 1, but leave it to the community to pick an appropriate number.

You can see the current params at the contract here: https://etherscan.io/address/0x85Bc06f4e3439d41f610a440Ba0FbE333736B310#readContract or via the stake gauge on the stake page in the sharedstake.org UI

Options (caveat: must be multiples of 32)

1. 10 - 320 ETH - same as v1 gaurded launch limit
2. 100 - 3200 ETH
3. 500 - 16,000 ETH - current TVL
4. 1000 - 32,000 ETH - similar to v1 final cap
5. 2000 - 64,000 ETH - suggested by community on twitter spaces
6. 10,000 - 320,000 ETH - i.e. leave it as it is and save some gas

Next steps

Once governance picks a number, SGT Multisig will call setNumValidators(uint num) on the minter at 0x85Bc06f4e3439d41f610a440Ba0FbE333736B310