# CP57: Distribution of unpaid Collators rewards **URL:** \ **Category:** Proposals\ **Tags:** treasury, cp2, passed\ **Created:** [July 13, 2023, 5:17pm UTC](https://gov.centrifuge.io/t/cp57-distribution-of-unpaid-collators-rewards/5566 "2023-07-13T17:17:27Z")\ **Posts on this page:** 4\ **Page:** 1
**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:** [July 13, 2023, 5:17pm UTC](https://gov.centrifuge.io/t/cp57-distribution-of-unpaid-collators-rewards/5566/1 "2023-07-13T17:17:27Z")
Good day Community! ✋ ```auto Uses component: CP2 Author(s): Governance and Coordination Group (@ImdioR, @Rhanon) Beneficiary: Centrifuge Collators Wallet: 4cTwGSYkbpeZn5byhuLe2MrZa22aQJ6st3HJHg7Fyx3RLg7m (GCG Multi-sig wallet) Date proposed: 2023-07-13 ``` ### Short Summary - Payment of remuneration for the Collators’ work done ### High-level objective - This proposal will repay 43,165 CFG to the 1st and 2nd batch of Collators. #### Background Collators could not be paid since the onboarding as the Centrifuge Treasury was empty. But with the implementation of Block Rewards and Collators Cycle with [CP54](https://gov.centrifuge.io/t/cp54-runtime-upgrade-1019/5533/2) the Centrifuge Treasury started to get funded and Collators started to receive direct payment in accordance with [CP6](https://github.com/centrifuge/cps/blob/main/cps/CP6.md). - The first batch of collators ( Masternode24, Ryabina, [Moonli.me](http://Moonli.me), Validatrium, StakeCraft) was onboarded on 31.10.2022 ( [Referendum 21](https://centrifuge.subscan.io/referenda/21?tab=timeline)) - The second batch of collators ( Good Karma, Polkadotters, Staker Space, PathRockNetwork, The Phunky One) was onboarded on 16.06.2023 ([Referendum 36](https://centrifuge.subscan.io/referenda/36) ) The Collator Cycle was activated the 03.07.2023 #### Description of Activity - Calculation of the total amount that should be distributed and repayment of rewards #### Alignment to the mission of Centrifuge DAO - This proposal will repay the Collators’ rewards for the 8 months of service provided for Centrifuge DAO. ### Budget #### What amount is requested and how is it calculated? Total amount requested: **43,165 CFG** We are calculating the payment since the enactment of the Referendum 21 and 36. #### How the amount is calculated: Centrifuge Collators payment: 1000 CFG/month - 1st batch: Full 8 months +2 days= (8000+33,3CFG\*2) CFG/Collator \*5 Collators = 40333 CFG - 2nd batch: 17 days = 33,3 CFG/day_17 days_5 Collators= 2830.5 CFG #### How are the funds distributed within the group? - 8066 CFG to each collator: Masternode24, Ryabina, [Moonli.me](http://Moonli.me), Validatrium, StakeCraft - 566.1 CFG to each collator: Good Karma, Polkadotters, Staker Space, PathRockNetwork, The Phunky One #### Delivery and Reporting - The funds will be transferred to all collators immediately after receiving them. All transactions can be verified on [Subscan](https://centrifuge.subscan.io/account/4cTwGSYkbpeZn5byhuLe2MrZa22aQJ6st3HJHg7Fyx3RLg7m?tab=transfer) and we will link to all of them if this proposal passes. Please note that this will be a direct request from the treasury and the total supply will not be increased. The RFC topic will be open for 7 days. Please note: This will be a direct request from the treasury and the total supply will not be increased. _There will be no Opensquare snapshot vote (or public referendum) for this proposal._ **Looking forward to any feedback and any concerns that you might have with this proposal.** ---
**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:** [July 21, 2023, 11:22am UTC](https://gov.centrifuge.io/t/cp57-distribution-of-unpaid-collators-rewards/5566/2 "2023-07-21T11:22:48Z")
Good day Community! This proposal was now submitted on Github as CP57 - [https://github.com/centrifuge/cps/blob/main/cps/CP57.md](https://github.com/centrifuge/cps/blob/main/cps/CP57.md) The Centrifuge Treasury Proposal 1 is also live on-chain now and Centrifuge Councillors can vote on it at their earliest convenience. ![image](https://europe1.discourse-cdn.com/flex013/uploads/centrifuge1/original/2X/1/159879da7f3b1de74a49aa63f5a33b6fa0255966.png) ---
**Author:** ![lucasvo](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.centrifuge.io/lucasvo/32/21_2.png) [@lucasvo](https://gov.centrifuge.io/u/lucasvo)\ **Post date:** [July 21, 2023, 12:49pm UTC](https://gov.centrifuge.io/t/cp57-distribution-of-unpaid-collators-rewards/5566/3 "2023-07-21T12:49:05Z")
I just proposed it. This is now council motion #69 @ImdioR ! ---
**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:** [July 24, 2023, 8:28pm UTC](https://gov.centrifuge.io/t/cp57-distribution-of-unpaid-collators-rewards/5566/4 "2023-07-24T20:28:41Z")
Good day Community The Council Motion 69 was voted on and approved by Centrifuge Councilors. The motion was just closed. Once the funds will be transferred to multi-sig wallet GCG will start immediately the distribution process. Thanks, everyone 🙌