# Council Motion 52: (CP21) Updating Tinlake Rewards Allocation 2022-12

**URL:** <https://gov.centrifuge.io/t/council-motion-52-cp21-updating-tinlake-rewards-allocation-2022-12/4975>\
**Category:** Proposals\
**Tags:** council-motion, tinlake, jan, 2023\
**Created:** [January 6, 2023, 10:21pm UTC](https://gov.centrifuge.io/t/council-motion-52-cp21-updating-tinlake-rewards-allocation-2022-12/4975 "2023-01-06T22:21:28Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![ImdioR](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.centrifuge.io/imdior/32/1011_2.png) [@ImdioR](https://gov.centrifuge.io/u/ImdioR)\
**Post date:** [January 6, 2023, 10:21pm UTC](https://gov.centrifuge.io/t/council-motion-52-cp21-updating-tinlake-rewards-allocation-2022-12/4975/1 "2023-01-06T22:21:28Z")

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Councillors,

The OpenSquare Snapshot for [Updating Tinlake Rewards Allocation (CP21)](https://voting.opensquare.io/space/centrifuge/proposal/QmWSgMxq436g5EWs6RAnx9pkYcwY8dBHMGHsqYNGWJwkev)) has passed and a Council motion has been created.

Council Motion 52 is now live: [SubSquare](https://centrifuge.subsquare.io/council/motion/2051324_0x352a9217c0bcc7612383c6b587a629892e8251840dd9e7ad59e20e35a466e46b)

The proposal has the following hash: `0x153abcf2872f3beeaf2aff1fe0c5cba6df13adec475e22df157ae261b6ea984e`  
The proposal text can be found at: [Pinata](https://gateway.pinata.cloud/ipfs/QmR1d7HBf5j7J4qHwSHesKA7qVggZYt4PCaKY4i6nJuA6E)

### 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]`([CP21 (GI): Updating Tinlake Rewards Allocation 2022-12](https://voting.opensquare.io/space/centrifuge/proposal/QmWSgMxq436g5EWs6RAnx9pkYcwY8dBHMGHsqYNGWJwkev)) `  
@cassidy @mikiquantum @lucasvo @branan @Yarosl6 @prankstr25 @Ash @vedhavyas @thespaceacatjr

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

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<div class="post-metadata">

**Author:** ![ImdioR](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.centrifuge.io/imdior/32/1011_2.png) [@ImdioR](https://gov.centrifuge.io/u/ImdioR)\
**Post date:** [January 9, 2023, 7:46pm UTC](https://gov.centrifuge.io/t/council-motion-52-cp21-updating-tinlake-rewards-allocation-2022-12/4975/2 "2023-01-09T19:46:18Z")

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Good day Councillors  
We need just 1 vote more.  
@cassidy@mikiquantum@vedhavyas  
Please vote at your earliest convenience.  
Thank you.

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<div class="post-metadata">

**Author:** ![ImdioR](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.centrifuge.io/imdior/32/1011_2.png) [@ImdioR](https://gov.centrifuge.io/u/ImdioR)\
**Post date:** [January 16, 2023, 9:46pm UTC](https://gov.centrifuge.io/t/council-motion-52-cp21-updating-tinlake-rewards-allocation-2022-12/4975/3 "2023-01-16T21:46:48Z")

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Good evening Community! ✋  
[Referendum 25](https://centrifuge.subscan.io/referenda/25) has passed with SimpleMajority at block [1858903](https://centrifuge.subscan.io/block/2122391).

 ![image](https://europe1.discourse-cdn.com/flex013/uploads/centrifuge1/original/2X/d/d2b8857fb964682b98b5115446b828f6009ba51b.png)

Result: Aye (124) 8.6760 MCFG

Thank everyone for voting!