#52·CP21 (GI): Updating Tinlake Rewards Allocation 2022-12

Councillors,

The OpenSquare Snapshot for (CP21) Updating Tinlake Rewards Allocation has passed and a Council motion has been created.

Council Motion 52 is now live: SubSquare

The proposal has the following hash: 0x153abcf2872f3beeaf2aff1fe0c5cba6df13adec475e22df157ae261b6ea984e
The proposal text can be found at: Pinata

Proposal Text:

# Updating Tinlake Rewards Allocation 2022-12
By casting your vote on-chain, you indicate your approval of changing the Tinlake Rewards on Centrifuge as follows:

1. Mint approximately 1’800’000 CFG into the rewards account 4dpEcgqJNczMyoTnUuFTyTLSe5RuoSSoGZMqu3L6fvc8jBbd (set balance to 6,980,000 CFG)
2. Keep the same rewards rate for TIN/DROP at 0.0003 CFG/DAI per day
3. Keep the same rewards rate for Asset Originator rewards at 0.0000 CFG/DAI per day

These values will be valid until governance proceeds with another vote.

References

1. [RFC] (https://gov.centrifuge.io/t/rfc-updating-tinlake-rewards-allocation-2022-12/4893)
2. [GitHub] (https://github.com/centrifuge/cps/blob/main/cps/CP4/CP21.md)
3. [Opensquare Snapshot]
   (https://voting.opensquare.io/space/centrifuge/proposal/QmWSgMxq436g5EWs6RAnx9pkYcwY8dBHMGHsqYNGWJwkev)

Please vote at your earliest convenience, Councillors.
Thank you.