diff --git a/nym-wallet/src/pages/settings/index.tsx b/nym-wallet/src/pages/settings/index.tsx
index ea00fe30c5..d3a59a3e29 100644
--- a/nym-wallet/src/pages/settings/index.tsx
+++ b/nym-wallet/src/pages/settings/index.tsx
@@ -44,9 +44,7 @@ export const Settings = () => {
             </Alert>
           )}
           {selectedTab === 0 && mixnodeDetails && <Profile />}
-          {selectedTab === 1 && mixnodeDetails && (
-            <SystemVariables mixnodeDetails={mixnodeDetails.mix_node} pledge={mixnodeDetails.pledge_amount} />
-          )}
+          {selectedTab === 1 && mixnodeDetails && <SystemVariables mixnodeDetails={mixnodeDetails.mix_node} />}
           {selectedTab === 2 && mixnodeDetails && <NodeStats mixnodeId={mixnodeDetails.mix_node.identity_key} />}
         </>
       </NymCard>
diff --git a/nym-wallet/src/pages/settings/system-variables.tsx b/nym-wallet/src/pages/settings/system-variables.tsx
index befdbd72bc..0ad6b50e25 100644
--- a/nym-wallet/src/pages/settings/system-variables.tsx
+++ b/nym-wallet/src/pages/settings/system-variables.tsx
@@ -1,4 +1,4 @@
-import React, { useContext, useState } from 'react'
+import React, { useContext, useEffect, useState } from 'react'
 import {
   Box,
   Button,
@@ -15,24 +15,18 @@ import { AccessTimeOutlined, PercentOutlined } from '@mui/icons-material'
 import { yupResolver } from '@hookform/resolvers/yup'
 import { useForm } from 'react-hook-form'
 import { InfoTooltip } from '../../components/InfoToolTip'
-import { EnumNodeType, TMixnodeBondDetails } from '../../types'
+import { TMixnodeBondDetails } from '../../types'
 import { validationSchema } from './validationSchema'
-import { bond, unbond } from '../../requests'
-import { ClientContext } from '../../context/main'
+import { getGasFee, updateMixnode } from '../../requests'
+import { ClientContext, MAJOR_CURRENCY } from '../../context/main'
 
 type TFormData = {
   profitMarginPercent: number
-  signature: string
 }
 
-export const SystemVariables = ({
-  mixnodeDetails,
-  pledge,
-}: {
-  mixnodeDetails: TMixnodeBondDetails['mix_node']
-  pledge: TMixnodeBondDetails['pledge_amount']
-}) => {
+export const SystemVariables = ({ mixnodeDetails }: { mixnodeDetails: TMixnodeBondDetails['mix_node'] }) => {
   const [nodeUpdateResponse, setNodeUpdateResponse] = useState<'success' | 'failed'>()
+  const [configFee, setConfigFee] = useState<string>()
 
   const {
     register,
@@ -40,28 +34,28 @@ export const SystemVariables = ({
     formState: { errors, isSubmitting },
   } = useForm({
     resolver: yupResolver(validationSchema),
-    defaultValues: { profitMarginPercent: mixnodeDetails.profit_margin_percent.toString(), signature: '' },
+    defaultValues: { profitMarginPercent: mixnodeDetails.profit_margin_percent.toString() },
   })
 
+  useEffect(() => {
+    ;(async () => {
+      const fee = await getGasFee('UpdateMixnodeConfig')
+      setConfigFee(fee.amount)
+    })()
+  }, [])
+
   const { userBalance } = useContext(ClientContext)
 
   const onSubmit = async (data: TFormData) => {
-    await unbond(EnumNodeType.mixnode)
-    await bond({
-      type: EnumNodeType.mixnode,
-      data: { ...mixnodeDetails, profit_margin_percent: data.profitMarginPercent },
-      pledge: { denom: 'Minor', amount: pledge.amount },
-      //hardcoded for the moment as required in bonding but not necessary
-      ownerSignature: data.signature,
-    })
-      .then(() => {
+    try {
+      await updateMixnode({ profitMarginPercent: data.profitMarginPercent }).then(() => {
         userBalance.fetchBalance()
         setNodeUpdateResponse('success')
       })
-      .catch((e) => {
-        setNodeUpdateResponse('failed')
-        console.log(e)
-      })
+    } catch (e) {
+      setNodeUpdateResponse('failed')
+      console.log(e)
+    }
   }
 
   return (
@@ -80,13 +74,6 @@ export const SystemVariables = ({
             error={!!errors.profitMarginPercent}
             disabled={isSubmitting}
           />
-          <TextField
-            {...register('signature')}
-            label="Owner signature"
-            error={!!errors.signature}
-            helperText={!!errors.signature && errors.signature.message}
-            disabled={isSubmitting}
-          />
           <Divider />
           <DataField
             title="Estimated reward"
@@ -128,7 +115,9 @@ export const SystemVariables = ({
         ) : nodeUpdateResponse === 'failed' ? (
           <Typography sx={{ color: 'error.main', fontWeight: 600 }}>Node updated failed</Typography>
         ) : (
-          <Box />
+          <Typography sx={{ color: 'nym.fee' }}>
+            Fee for this transaction: {`${configFee} ${MAJOR_CURRENCY}`}{' '}
+          </Typography>
         )}
         <Button
           variant="contained"
diff --git a/nym-wallet/src/pages/settings/validationSchema.ts b/nym-wallet/src/pages/settings/validationSchema.ts
index 4e76f3a6d4..5b96add517 100644
--- a/nym-wallet/src/pages/settings/validationSchema.ts
+++ b/nym-wallet/src/pages/settings/validationSchema.ts
@@ -2,5 +2,4 @@ import * as Yup from 'yup'
 
 export const validationSchema = Yup.object({
   profitMarginPercent: Yup.number().typeError('profit margin percent must be a number').min(0).max(100).required(),
-  signature: Yup.string().required(),
 })
diff --git a/nym-wallet/src/requests/index.ts b/nym-wallet/src/requests/index.ts
index 3af0344bdb..59286b6efb 100644
--- a/nym-wallet/src/requests/index.ts
+++ b/nym-wallet/src/requests/index.ts
@@ -51,6 +51,7 @@ export const undelegate = async ({
 
 export const send = async (args: { amount: Coin; address: string; memo: string }): Promise<TauriTxResult> =>
   await invoke('send', args)
+
 export const checkMixnodeOwnership = async (): Promise<boolean> => await invoke('owns_mixnode')
 
 export const checkGatewayOwnership = async (): Promise<boolean> => await invoke('owns_gateway')
@@ -90,3 +91,6 @@ export const getMixnodeStakeSaturation = async (identity: string): Promise<Stake
 
 export const getMixnodeStatus = async (identity: string): Promise<MixnodeStatusResponse> =>
   await invoke('mixnode_status', { identity })
+  
+export const updateMixnode = async ({ profitMarginPercent }: { profitMarginPercent: number }) =>
+  await invoke('update_mixnode', { profitMarginPercent })