diff --git a/pallets/subtensor/src/lib.rs b/pallets/subtensor/src/lib.rs
index d4a3559d16..d6bf65348b 100644
--- a/pallets/subtensor/src/lib.rs
+++ b/pallets/subtensor/src/lib.rs
@@ -871,6 +871,7 @@ pub mod pallet {
         NetworkMinLockCostSet(u64),   // Event created when the network minimum locking cost is set.
         SubnetLimitSet(u16),          // Event created when the maximum number of subnets is set
         NetworkLockCostReductionIntervalSet(u64), // Event created when the lock cost reduction is set
+        TakeDecreased( T::AccountId, T::AccountId, u16 ), // Event created when the take for a delegate is decreased.
         HotkeySwapped {
             coldkey: T::AccountId,
             old_hotkey: T::AccountId,
@@ -937,6 +938,7 @@ pub mod pallet {
         StakeTooLowForRoot, // --- Thrown when a hotkey attempts to join the root subnet with too little stake
         AllNetworksInImmunity, // --- Thrown when all subnets are in the immunity period
         NotEnoughBalance,
+        InvalidTake, // -- Thrown when take being set is invalid.
     }
 
     // ==================
@@ -1279,6 +1281,38 @@ pub mod pallet {
             Self::do_become_delegate(origin, hotkey, Self::get_default_take())
         }
 
+        // --- Allows delegates to decrease its take value.
+        //
+        // # Args:
+        // 	* 'origin': (<T as frame_system::Config>::Origin):
+        // 		- The signature of the caller's coldkey.
+        //
+        // 	* 'hotkey' (T::AccountId):
+        // 		- The hotkey we are delegating (must be owned by the coldkey.)
+        //
+        // 	* 'take' (u16):
+        // 		- The new stake proportion that this hotkey takes from delegations.
+        //
+        // # Event:
+        // 	* TakeDecreased;
+        // 		- On successfully setting a decreased take for this hotkey.
+        //
+        // # Raises:
+        // 	* 'NotRegistered':
+        // 		- The hotkey we are delegating is not registered on the network.
+        //
+        // 	* 'NonAssociatedColdKey':
+        // 		- The hotkey we are delegating is not owned by the calling coldkey.
+        //
+        // 	* 'InvalidTransaction':
+        // 		- The delegate is setting a take which is not lower than the previous.
+        //
+        #[pallet::call_index(63)]
+        #[pallet::weight((0, DispatchClass::Normal, Pays::No))]
+        pub fn decrease_take(origin: OriginFor<T>, hotkey: T::AccountId, take: u16) -> DispatchResult {
+            Self::do_decrease_take(origin, hotkey, take)
+        }
+
         // --- Adds stake to a hotkey. The call is made from the
         // coldkey account linked in the hotkey.
         // Only the associated coldkey is allowed to make staking and
@@ -1325,6 +1359,7 @@ pub mod pallet {
             Self::do_add_stake(origin, hotkey, amount_staked)
         }
 
+
         // ---- Remove stake from the staking account. The call must be made
         // from the coldkey account attached to the neuron metadata. Only this key
         // has permission to make staking and unstaking requests.
diff --git a/pallets/subtensor/src/staking.rs b/pallets/subtensor/src/staking.rs
index 7f723cb718..d8aa9573b5 100644
--- a/pallets/subtensor/src/staking.rs
+++ b/pallets/subtensor/src/staking.rs
@@ -86,6 +86,87 @@ impl<T: Config> Pallet<T> {
         Ok(())
     }
 
+    // ---- The implementation for the extrinsic decrease_take
+    //
+    // # Args:
+    // 	* 'origin': (<T as frame_system::Config>::RuntimeOrigin):
+    // 		- The signature of the caller's coldkey.
+    //
+    // 	* 'hotkey' (T::AccountId):
+    // 		- The hotkey we are delegating (must be owned by the coldkey.)
+    //
+    // 	* 'take' (u16):
+    // 		- The stake proportion that this hotkey takes from delegations.
+    //
+    // # Event:
+    // 	* TakeDecreased;
+    // 		- On successfully setting a decreased take for this hotkey.
+    //
+    // # Raises:
+    // 	* 'NotRegistered':
+    // 		- The hotkey we are delegating is not registered on the network.
+    //
+    // 	* 'NonAssociatedColdKey':
+    // 		- The hotkey we are delegating is not owned by the calling coldket.
+    //
+    // 	* 'TxRateLimitExceeded':
+    // 		- Thrown if key has hit transaction rate limit
+    //
+    pub fn do_decrease_take(
+        origin: T::RuntimeOrigin,
+        hotkey: T::AccountId,
+        take: u16,
+    ) -> dispatch::DispatchResult {
+        // --- 1. We check the coldkey signature.
+        let coldkey = ensure_signed(origin)?;
+        log::info!(
+            "do_decrease_take( origin:{:?} hotkey:{:?}, take:{:?} )",
+            coldkey,
+            hotkey,
+            take
+        );
+
+        // --- 2. Ensure we are delegating a known key.
+        ensure!(
+            Self::hotkey_account_exists(&hotkey),
+            Error::<T>::NotRegistered
+        );
+
+        // --- 3. Ensure that the coldkey is the owner.
+        ensure!(
+            Self::coldkey_owns_hotkey(&coldkey, &hotkey),
+            Error::<T>::NonAssociatedColdKey
+        );
+
+        // --- 4. Ensure we are not already a delegate (dont allow changing delegate take.)
+        ensure!(
+            !Self::hotkey_is_delegate(&hotkey),
+            Error::<T>::AlreadyDelegate
+        );
+
+        // --- 5. Ensure we are always decreasing take never increasing.
+        let current_take: u16 = Delegates::<T>::get(hotkey.clone());
+        ensure!(
+            take < current_take,
+            Error::<T>::InvalidTake
+        );
+
+        // --- 6. Set the new take value.
+        Delegates::<T>::insert(hotkey.clone(), take);
+
+        // --- 7. Emit the take value.
+        log::info!(
+            "TakeDecreased( coldkey:{:?}, hotkey:{:?}, take:{:?} )",
+            coldkey,
+            hotkey,
+            take
+        );
+        Self::deposit_event(Event::TakeDecreased(coldkey, hotkey, take));
+
+        // --- 8. Ok and return.
+        Ok(())
+    }
+
     // ---- The implementation for the extrinsic add_stake: Adds stake to a hotkey account.
     //
     // # Args: