Councillors,

The OpenSquare Snapshot for (CP21) [Updating Tinlake Rewards Allocation](https://voting.opensquare.io/space/centrifuge/proposal/QmWSgMxq436g5EWs6RAnx9pkYcwY8dBHMGHsqYNGWJwkev) has passed and a Council motion has been created. 


Council Motion 52 is now live: [SubSquare](https://centrifuge.subsquare.io/council/motion/2051324_0x352a9217c0bcc7612383c6b587a629892e8251840dd9e7ad59e20e35a466e46b)

The proposal has the following hash: `0x153abcf2872f3beeaf2aff1fe0c5cba6df13adec475e22df157ae261b6ea984e`
The proposal text can be found at: [Pinata](https://gateway.pinata.cloud/ipfs/QmR1d7HBf5j7J4qHwSHesKA7qVggZYt4PCaKY4i6nJuA6E)

### Proposal Text:

`# Updating Tinlake Rewards Allocation 2022-12`
`By casting your vote on-chain, you indicate your approval of changing the Tinlake Rewards on` `Centrifuge as follows:`

`1. Mint approximately 1’800’000 CFG into the rewards account` `4dpEcgqJNczMyoTnUuFTyTLSe5RuoSSoGZMqu3L6fvc8jBbd (set balance to 6,980,000 CFG)`
`2. Keep the same rewards rate for TIN/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] (https://gov.centrifuge.io/t/rfc-updating-tinlake-rewards-allocation-2022-12/4893)
2. [GitHub] (https://github.com/centrifuge/cps/blob/main/cps/CP4/CP21.md)
3. [Opensquare Snapshot] 
 (https://voting.opensquare.io/space/centrifuge/proposal/QmWSgMxq436g5EWs6RAnx9pkYcwY8dBHMGHsqYNGWJwkev)

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

- The OpenSquare Snapshot for updating Tinlake Rewards Allocation has passed.
- Council Motion 52 is now live.
- The proposal text can be found at the provided Pinata link.
- The proposal includes minting CFG into the rewards account and keeping the same rewards rates for TIN/DROP and Asset Originator rewards.
- Councillors are asked to vote on the proposal.

#52 (CP21) Updating Tinlake Rewards Allocation 2022-12

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