# Governance Transaction Notice – 13th August 2024

**URL:** https://forum.pokt.network/t/governance-transaction-notice-13th-august-2024/5363
**Category:** Foundation
**Created:** [August 13, 2024, 7:46pm UTC](https://forum.pokt.network/t/governance-transaction-notice-13th-august-2024/5363 "2024-08-13T19:46:56Z")
**Posts on this page:** 1
**Page:** 1

<div class="post-metadata">

### Author: ![shane](https://forum.pokt.network/user_avatar/forum.pokt.network/shane/32/3038_2.png) [@shane](https://forum.pokt.network/u/shane)
#### Post date: [August 13, 2024, 7:46pm UTC](https://forum.pokt.network/t/governance-transaction-notice-13th-august-2024/5363/1 "2024-08-13T19:46:56Z")

</div>

The following transactions were executed this week on behalf of the DAO.

# Gateway Fee Burn

78,368 POKT of gateway fees was burned ([tx](https://poktscan.com/tx/573A536F527E708EA3EBAABAF833CE32460CAAB511589E0F0A0D95D9F2366AFA)) corresponding with last week’s gateway fees. See the distribution of per-gateway relays [here](https://poktscan.com/explore?tab=gateways).

# Parameter Changes

## 1. [RelaysToTokensMultiplier parameter change](https://poktscan.com/tx/83DCED5A3EB4EF52F6531BE77B77CA7433622F6824E630BBAF40DF29901CBD71)

Following [PUP-32: ARR](https://forum.pokt.network/t/pup-32-accelerating-the-road-to-revenue-arr/4494), we have updated the RelaysToTokensMultiplier parameter value to 505 (0.000505 POKT/relay) to target a fixed daily emissions value of 220k POKT.

This was calculated based on a Trailing 7-day Avg Daily Relays of ~435,583,046, using [this calculator](https://docs.google.com/spreadsheets/d/1wB68m64SjYvWrvfgXyHBbWn0N3QINp8WDMgNVtErJKE/). Note that we are doing weekly updates and using a 7-day trailing average, following [PUP-29: ACCURATE](https://forum.pokt.network/t/pup-29-a-cadence-change-to-updates-of-rttm-adjustment-for-target-emissions-accurate/3777).

## 2. [ServicerStakeWeightMultiplier parameter change](https://poktscan.com/tx/E952DB885110F8E06DAACCBE0616E10DE468B062907F3AFBD47D56CB9DDBD7A3)

Following [PUP-21](https://forum.pokt.network/t/pup-21-setting-parameter-values-for-the-pip-22-new-parameter-set/3200), we have adjusted the SSWM parameter to 3.19, reflecting the average bin of servicers.

# DAO Payments

- c0d3r for PIP-32 and PIP-33 contributions ([tx](https://poktscan.com/tx/9CD493CE3625B9A3178AD3F14E95B9750E95550234004636AFE622848BB3F45A))