diff --git a/CHANGELOG.md b/CHANGELOG.md
index f72568f6ba..11953cd12b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -10,6 +10,7 @@ The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/).
 
 - Change Polkadot inflation to 120M DOT per year ([polkadot-fellows/runtimes#471](https://github.com/polkadot-fellows/runtimes/pull/471))
 - Update foreign asset ids in Asset Hub Polkadot and Asset Hub Kusama from v3 to v4 locations ([polkadot-fellows/runtimes#472](https://github.com/polkadot-fellows/runtimes/pull/472))
+- Lower Parachain and Data Deposits to Encourage Experimentation on Kusama ([polkadot-fellows/runtimes#501](https://github.com/polkadot-fellows/runtimes/pull/501))
 
 ## [1.3.3] 01.10.2024
 
diff --git a/relay/kusama/src/lib.rs b/relay/kusama/src/lib.rs
index a29936ec5e..0737a219c3 100644
--- a/relay/kusama/src/lib.rs
+++ b/relay/kusama/src/lib.rs
@@ -830,7 +830,7 @@ parameter_types! {
 	pub const TipCountdown: BlockNumber = DAYS;
 	pub const TipFindersFee: Percent = Percent::from_percent(20);
 	pub const TipReportDepositBase: Balance = 100 * CENTS;
-	pub const DataDepositPerByte: Balance = CENTS;
+	pub const DataDepositPerByte: Balance = CENTS / 10;
 	pub const MaxApprovals: u32 = 100;
 	pub const MaxAuthorities: u32 = 100_000;
 	pub const MaxKeys: u32 = 10_000;
@@ -1468,7 +1468,7 @@ impl parachains_slashing::Config for Runtime {
 }
 
 parameter_types! {
-	pub const ParaDeposit: Balance = 40 * UNITS;
+	pub const ParaDeposit: Balance = 4 * UNITS;
 }
 
 impl paras_registrar::Config for Runtime {