I have just put forward the motion to ratify the following proposal:
# 2022-01-15 Centrifuge Tinlake Liquidity Rewards Update By casting your vote on chain, you indicate your approval of changing the Tinlake Rewards on Centrifuge as follows: 1. Mint approximately 2’000’000 CFG into the rewards account (set balance to 2.75M CFG) 2. Split up the LP rewards into separate rates for DROP & TIN tokens 3. Set the issuer reward (formerly AO reward) to 0.00002 CFG per $ per day. 4. Set the DROP token holder reward to 0.00054 CFG per $ per day. 5. Set the TIN token holder reward to 0.00095 CFG per $ per day. These values will be valid until governance proceeds with another vote. ## References 1. [Poll](https://gov.centrifuge.io/t/poll-restructuring-of-tinlake-lp-rewards/3392) 2. [Discussion](https://gov.centrifuge.io/t/centrifuge-lp-rewards-ideas-for-improvements/3237)
This council motion introduced a majority democracy proposal for the token holders to vote on and has the following preimage hash:
0x933207662be0eb731819b50c8998feef84b2074cd978f822f16c3840a8f03f0b. You can verify the proposal by reproducing the preimage as follows. The reward pallet’s account is
This thread will be updated as the vote progresses.