Democracy Vote for Tinlake Rewards Update has passed

Centrifuge Governance Proposals
1

The Democracy Vote for the Tinlake Rewards Update has passed (overwhelmingly)!

As stated in the original post announcing the vote, this accomplished the following:

  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.

Full proposal text on IPFS.

Thanks for your participation. The results for this vote can be found here on Subscan.io - which is where the results for all Democracy Referenda can be found under the ‘Governance’ tab.

6 Likes
2

I voted protest with 0.01 cfg. Normally, the referendum passed without a no vote. Congratulations.

3

When do the new reward rates take effect ?