The proposal has the following hash: `0x384751fd17243c97b555eab548958b1ea3e2a7219669c2b97e9f65bf346010ae`
The proposal text can be found at: [IPFS](https://gateway.pinata.cloud/ipfs/QmTQEcQHtVmTdeT5vBNQ7HuYA8QUNyKDH6WQM9SL9U7Jhj)


```
Proposal Text:
# Updating Tinlake Rewards Allocation 2023-03
By casting your vote on-chain, you indicate your approval of changing the Tinlake Rewards on Centrifuge as follows:

1. Mint approximately 1’900’000 CFG into the rewards account 4dpEcgqJNczMyoTnUuFTyTLSe5RuoSSoGZMqu3L6fvc8jBbd (set balance to 8,275,000 CFG)
2. Set rewards rate for TIN at 0.000225 CFG/DAI per day
2. Keep the same rewards rate for 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-2023-03/5213)
2. [GitHub](https://github.com/centrifuge/cps/blob/main/cps/CP40.md)
3. [Opensquare Snapshot CP40](https://voting.opensquare.io/space/centrifuge/proposal/QmVsFJLpacuNFEgMuYzhZ3sZyVdmELvvqPsXQzgWqpwjHT)


<ins>Remember, that you don’t lose your CFG by voting on referenda - they are just locked for the duration of the vote. After that, they will be available for transfer again. You can make your vote count for more by voting with conviction which means that you can vote with up to 6X the amount of tokens you have, by locking them for a longer period of time.</ins>
 
If you want to know how voting with conviction works, you can check this short [post ](https://docs.centrifuge.io/use/onchain-voting/).

- There is a proposal to update the Tinlake Rewards Allocation.
- The proposal suggests minting 1,900,000 CFG into the rewards account.
- The rewards rate for TIN will be 0.000225 CFG/DAI per day.
- The rewards rate for DROP will remain the same at 0.0003 CFG/DAI per day.
- The rewards rate for Asset Originator rewards will also remain the same at 0.0000 CFG/DAI per day.

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

No Active Proposals