Council Motion 61: Updating Tinlake Rewards Allocation 2023-03

Centrifuge Governance Proposals
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Councillors,

The OpenSquare Snapshot for Updating Tinlake Rewards Allocation (CP40)) has passed and a Council motion has been created.

Council Motion 61 is now live: SubSquare

The proposal has the following hash: 0x384751fd17243c97b555eab548958b1ea3e2a7219669c2b97e9f65bf346010ae
The proposal text can be found at: IPFS

Proposal Text:
# Updating Tinlake Rewards Allocation 2023-03
By casting your vote on-chain, you indicate your approval of changing the Tinlake Rewards on Centrifuge as follows:

1. Mint approximately 1’900’000 CFG into the rewards account 4dpEcgqJNczMyoTnUuFTyTLSe5RuoSSoGZMqu3L6fvc8jBbd (set balance to 8,275,000 CFG)
2. Set rewards rate for TIN at 0.000225 CFG/DAI per day
2. Keep the same rewards rate for 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
  2. GitHub
  3. Opensquare Snapshot CP40

@cassidy @mikiquantum @lucasvo @branan @Yarosl6 @prankstr25 @Ash @vedhavyas @thespaceacatjr

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

1 Like
2

Referendum #31 is not live.

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Please vote at your earliest convenience.
Thank you.

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Referendum #31 has successfully passed - Subscan | Aggregate Substrate ecological network high-precision Web3 explorer

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The result:

  • Aye (129) - 7.3048 MCFG
  • Nay (1) - 244.9000 CFG

Thank you for your participating.