Good day Community
Short summary about Tinlake LP Rewards Restructuring July 2022.
The last proposal was implemented ( Council Motion 18: Tinlake LP Rewards Restructuring July 2022 - #12 by Rhano ) and the rewards rates were modified according to the proposal.
The actual wallet balance is 982,177 CFG and with the current TVL and a Rewards Rate of 17,442 CFG/day, this balance will be enough for the next 56 days. The annual issuance with the last modification was set to under 2%.
In order to not go into reward deficit and guarantee/permit regular rewards claiming for Tinlake investors and not to rush, we are planning to return back to the discussion in the middle of September.
The small amount of minting permits us to be flexible with market conditions, TVL and keep the annual issuance under 3.5%.
Tinlake: CFG Rewards | Tinlake | Centrifuge
Tinlake Rewards: Overview & Current Numbers: Tinlake Rewards: Overview & Current Numbers [Public] - Google Sheets