CP40(GI): Updating Tinlake Rewards Allocation 2023-03

Centrifuge Governance Proposals
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This proposal was discussed in the RFC here and the following were changed and added based on feedback received from the Community:

    • Mint approximately 1’900’000 CFG into the rewards account
    • Set rewards rate for TIN at 0.000225 CFG/DAI per day
    • Keep the same rewards rate for DROP at 0.0003 CFG/DAI per day

The modified proposal has been submitted to the Proposal Repository on GitHub so it is now final.

Link to the proposal on GitHub: cps/CP40.md at main · centrifuge/cps · GitHub

Changes or improvements proposed:

  • Mint approximately 1’900’000 CFG into the rewards account
  • Set rewards rate for TIN at 0.000225 CFG/DAI per day

The proposal has now moved on to an OpenSquare Snapshot.

:point_right: :point_right: :point_right: Please vote here: CP40(GI): Updating Tinlake Rewards Allocation 2023-03

The OpenSquare Snapshot will start 09:00 CET 27.03.2023 and be open for 7 days (until 03/04/2023 09:00 CET).

Do you agree with this proposal?

Please vote Yes or No.

Thank you everyone for participating and for the feedback provided.

1 Like
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The OpenSquare snapshot for this proposal has passed.

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image1077×629 141 KB

Results :

  • Voted 5.66M CFG
  • Voters 32

#1 95.50% 5.41M CFG
#2 4.50% 255.1K CFG

1 Like
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:white_check_mark: CP40 (Referendum 31) has passed the on-chain vote.

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The balance of the rewards account will be set to 8,275,000 CFG (~ 1,900,000 CFG minted) and the TIN rewards rate will be set to 0.000225 CFG/DAI per day.

Thank you for voting everyone!