# Governance Transaction Notice – 25th June 2024

**URL:** <https://forum.pokt.network/t/governance-transaction-notice-25th-june-2024/5283>\
**Category:** Foundation\
**Created:** [June 26, 2024, 12:13am UTC](https://forum.pokt.network/t/governance-transaction-notice-25th-june-2024/5283 "2024-06-26T00:13:49Z")\
**Posts on this page:** 1\
**Page:** 1

<div class="post-metadata">

**Author:** ![JackALaing](https://forum.pokt.network/user_avatar/forum.pokt.network/jackalaing/32/39_2.png) [@JackALaing](https://forum.pokt.network/u/JackALaing)\
**Post date:** [June 26, 2024, 12:13am UTC](https://forum.pokt.network/t/governance-transaction-notice-25th-june-2024/5283/1 "2024-06-26T00:13:49Z")

</div>

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

# Gateway Fee Burn

46,385.906262 POKT of gateway fees was burned ([tx](https://poktscan.com/tx/179BD847A03CD1696EAA9D00F16DCA6450F72E186EDB3D688326504644E9D6B1)) 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/AD140E789F44CC2F46E03CA22D9158FC2904418CE9878C7DC659650C55B0240F)

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 365 (0.000365 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 ~602,203,821, 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).

This results in an Effective Annual Emissions of 4.9%, relative to the total supply of ~1.64B recorded on July 10th (the date of the first ARR transaction).

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

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 June Payment [tx](https://poktscan.com/tx/F8224FA541731A055F55C5ABFA432E61F4CC3EF930118FE70C821550FF9B8544)
- ANON June Payment [tx](https://poktscan.com/tx/A9C3C3B782FF60D6C4026177EB623752AAC5104ADCF5CD8603934F49CE6A3E55)
- MODS June Payment [tx](https://poktscan.com/tx/E1905E1DB6362C6E93A17E427FA9F432EA52063CB8E0AE0CB538062ACB824FE2) [tx](https://poktscan.com/tx/B15B494DF958C8D7723DEE300C61BE84A05A35D2A8377734F5223729069A593D)