# Governance Transaction Notice – 5th August 2024

**URL:** https://forum.pokt.network/t/governance-transaction-notice-5th-august-2024/5356
**Category:** Foundation
**Created:** [August 6, 2024, 12:00am UTC](https://forum.pokt.network/t/governance-transaction-notice-5th-august-2024/5356 "2024-08-06T00:00:50Z")
**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 6, 2024, 12:00am UTC](https://forum.pokt.network/t/governance-transaction-notice-5th-august-2024/5356/1 "2024-08-06T00:00:50Z")

</div>

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

# Gateway Fee Burn

211,842.07 POKT of gateway fees was burned ([tx](https://poktscan.com/tx/F9F28099931F82438A2551040B42EBE68C9D36D88AD31398A359879E79235D69)) corresponding with last two 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/C592406DDF8E6CB8E5D0F045CB5B352B3E9754B520579ED0F9C53063AC7B6792)

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 372 (0.000372 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 ~590,758,339.14, 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/EA9AEC461284862170E893665C9B86F35C35E6A82F7F97F917992F967C3E0C44)

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.