diff --git a/bin/node/runtime/src/constants.rs b/bin/node/runtime/src/constants.rs
index 840324f94fbd7..0240e108e305d 100644
--- a/bin/node/runtime/src/constants.rs
+++ b/bin/node/runtime/src/constants.rs
@@ -59,7 +59,7 @@ pub mod time {
 	// 1 in 4 blocks (on average, not counting collisions) will be primary BABE blocks.
 	pub const PRIMARY_PROBABILITY: (u64, u64) = (1, 4);
 
-	pub const EPOCH_DURATION_IN_BLOCKS: BlockNumber = 4 * HOURS;
+	pub const EPOCH_DURATION_IN_BLOCKS: BlockNumber = 5 * MINUTES;
 	pub const EPOCH_DURATION_IN_SLOTS: u64 = {
 		const SLOT_FILL_RATE: f64 = MILLISECS_PER_BLOCK as f64 / SLOT_DURATION as f64;
 
diff --git a/bin/node/runtime/src/lib.rs b/bin/node/runtime/src/lib.rs
index 12bd2e03a720b..942121d14498a 100644
--- a/bin/node/runtime/src/lib.rs
+++ b/bin/node/runtime/src/lib.rs
@@ -547,13 +547,13 @@ impl pallet_election_provider_multi_phase::Config for Runtime {
 }
 
 parameter_types! {
-	pub const LaunchPeriod: BlockNumber = 1 * 24 * 60 * MINUTES;
-	pub const VotingPeriod: BlockNumber = 1 * 24 * 60 * MINUTES;
-	pub const FastTrackVotingPeriod: BlockNumber = 3 * 60 * MINUTES;
+	pub const LaunchPeriod: BlockNumber = 5 * MINUTES;
+	pub const VotingPeriod: BlockNumber = 5 * MINUTES;
+	pub const FastTrackVotingPeriod: BlockNumber = 5 * MINUTES;
 	pub const InstantAllowed: bool = true;
-	pub const MinimumDeposit: Balance = 5000 * DOLLARS;
-	pub const EnactmentPeriod: BlockNumber = 1 * 24 * 60 * MINUTES;
-	pub const CooloffPeriod: BlockNumber = 7 * 24 * 60 * MINUTES;
+	pub const MinimumDeposit: Balance = 10 * DOLLARS;
+	pub const EnactmentPeriod: BlockNumber = 5 * MINUTES;
+	pub const CooloffPeriod: BlockNumber = 5 * MINUTES;
 	// One cent: $10,000 / MB
 	pub const PreimageByteDeposit: Balance = 1 * CENTS;
 	pub const MaxVotes: u32 = 100;
@@ -606,7 +606,7 @@ impl pallet_democracy::Config for Runtime {
 }
 
 parameter_types! {
-	pub const CouncilMotionDuration: BlockNumber = 7 * DAYS;
+	pub const CouncilMotionDuration: BlockNumber = 5 * MINUTES;
 	pub const CouncilMaxProposals: u32 = 100;
 	pub const CouncilMaxMembers: u32 = 100;
 }
@@ -628,7 +628,7 @@ parameter_types! {
 	// 1 storage item created, key size is 32 bytes, value size is 16+16.
 	pub const VotingBondBase: Balance = deposit(1, 64);
 	pub const VotingBondFactor: Balance = 1 * DOLLARS;
-	pub const TermDuration: BlockNumber = 7 * DAYS;
+	pub const TermDuration: BlockNumber = 5 * MINUTES;
 	pub const DesiredMembers: u32 = 13;
 	pub const DesiredRunnersUp: u32 = 20;
 	pub const ElectionsPhragmenModuleId: LockIdentifier = *b"phrelect";
@@ -658,7 +658,7 @@ impl pallet_elections_phragmen::Config for Runtime {
 }
 
 parameter_types! {
-	pub const TechnicalMotionDuration: BlockNumber = 5 * DAYS;
+	pub const TechnicalMotionDuration: BlockNumber = 5 * MINUTES;
 	pub const TechnicalMaxProposals: u32 = 100;
 	pub const TechnicalMaxMembers: u32 = 100;
 }
@@ -694,14 +694,14 @@ impl pallet_membership::Config<pallet_membership::Instance1> for Runtime {
 parameter_types! {
 	pub const ProposalBond: Permill = Permill::from_percent(5);
 	pub const ProposalBondMinimum: Balance = 100 * DOLLARS;
-	pub const SpendPeriod: BlockNumber = 1 * DAYS;
+	pub const SpendPeriod: BlockNumber = 5 * MINUTES;
 	pub const Burn: Permill = Permill::from_percent(0);
-	pub const TipCountdown: BlockNumber = 1 * DAYS;
+	pub const TipCountdown: BlockNumber = 5 * MINUTES;
 	pub const TipFindersFee: Percent = Percent::from_percent(20);
 	pub const TipReportDepositBase: Balance = 1 * DOLLARS;
 	pub const DataDepositPerByte: Balance = 1 * CENTS;
 	pub const BountyDepositBase: Balance = 1 * DOLLARS;
-	pub const BountyDepositPayoutDelay: BlockNumber = 8 * DAYS;
+	pub const BountyDepositPayoutDelay: BlockNumber = 5 * MINUTES;
 	pub const TreasuryModuleId: ModuleId = ModuleId(*b"py/trsry");
 	pub const BountyUpdatePeriod: BlockNumber = 90 * DAYS;
 	pub const MaximumReasonLength: u32 = 16384;
@@ -963,10 +963,10 @@ parameter_types! {
 	pub const CandidateDeposit: Balance = 10 * DOLLARS;
 	pub const WrongSideDeduction: Balance = 2 * DOLLARS;
 	pub const MaxStrikes: u32 = 10;
-	pub const RotationPeriod: BlockNumber = 80 * HOURS;
+	pub const RotationPeriod: BlockNumber = 5 * MINUTES;
 	pub const PeriodSpend: Balance = 500 * DOLLARS;
 	pub const MaxLockDuration: BlockNumber = 36 * 30 * DAYS;
-	pub const ChallengePeriod: BlockNumber = 7 * DAYS;
+	pub const ChallengePeriod: BlockNumber = 15 * MINUTES;
 	pub const MaxCandidateIntake: u32 = 10;
 	pub const SocietyModuleId: ModuleId = ModuleId(*b"py/socie");
 }
@@ -1113,6 +1113,21 @@ construct_runtime!(
 	}
 );
 
+impl pallet_babe::migrations::BabePalletPrefix for Runtime {
+	fn pallet_prefix() -> &'static str {
+		"Babe"
+	}
+}
+
+pub struct BabeEpochConfigMigrations;
+impl frame_support::traits::OnRuntimeUpgrade for BabeEpochConfigMigrations {
+	fn on_runtime_upgrade() -> frame_support::weights::Weight {
+		pallet_babe::migrations::add_epoch_configuration::<Runtime>(
+			BABE_GENESIS_EPOCH_CONFIG,
+		)
+	}
+}
+
 /// The address format for describing accounts.
 pub type Address = sp_runtime::MultiAddress<AccountId, AccountIndex>;
 /// Block header type as expected by this runtime.
@@ -1150,7 +1165,7 @@ pub type Executive = frame_executive::Executive<
 	frame_system::ChainContext<Runtime>,
 	Runtime,
 	AllPallets,
-	(),
+	BabeEpochConfigMigrations,
 >;
 
 impl_runtime_apis! {