# Governance Transaction Notice – 25th July 2024

**URL:** <https://forum.pokt.network/t/governance-transaction-notice-25th-july-2024/5351>\
**Category:** Foundation\
**Created:** [July 26, 2024, 5:36pm UTC](https://forum.pokt.network/t/governance-transaction-notice-25th-july-2024/5351 "2024-07-26T17:36:13Z")\
**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:** [July 26, 2024, 5:36pm UTC](https://forum.pokt.network/t/governance-transaction-notice-25th-july-2024/5351/1 "2024-07-26T17:36:13Z")

</div>

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

# Gateway Fee Burn

71,356.48 POKT of gateway fees was burned ([tx](https://poktscan.com/tx/1230C72C3911D1650F88244A02A93A8D8201299F176E3F846A1412D5A028DE6A)) 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/252B506DA28B6966BBDCC2BA9417768E895D78851D102FAD8CF1F63CC4D544EB)

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 392 (0.000392 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 ~561,306,198, 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/60CDB092CFF2499B9962790AC5999A5B4FE382E7EB4583764C4B2A020524017B)

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 3.18, reflecting the average bin of servicers.

# DAO Payments

- SCAN July Payment [tx](https://poktscan.com/tx/5331B29E89DAFFF96995FF5FE751FEC34B27D821DE45D7E25F26BAB90FFA314A)
- PEP-70 July Payment [tx](https://poktscan.com/tx/43A22BFCB7E98CD4BE6E576C9FA414F4C51AC02EFAC83BB2B318C05A551BE2E7) [tx](https://poktscan.com/tx/34AB74E0E6DAE6CC5A6A756889DD2524C06090249FADD0B18D5901AE962468EA) [tx](https://poktscan.com/tx/48420EB3051E156C7B6911BA88387C66D59FA458B2E71BE904EFAFBB439A2702)
- MODS July Payment [tx](https://poktscan.com/tx/4280277DF654224F3D705DD93C954BF010B417A5B6AE81FC7B2E24530986F7D5) [tx](https://poktscan.com/tx/2D462C19D974CD85469A32F928BC0E661433E01CA9843BF723AE7708D90EE52E)