# Governance Transaction Notice – April 16th

**URL:** <https://forum.pokt.network/t/governance-transaction-notice-april-16th/5197>\
**Category:** Foundation\
**Created:** [April 16, 2024, 5:03pm UTC](https://forum.pokt.network/t/governance-transaction-notice-april-16th/5197 "2024-04-16T17:03:18Z")\
**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:** [April 16, 2024, 5:03pm UTC](https://forum.pokt.network/t/governance-transaction-notice-april-16th/5197/1 "2024-04-16T17:03:18Z")

</div>

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

# Gateway Fee Burn

13,475.40 POKT of gateway fees was burned ([tx](https://poktscan.com/tx/1EB5D93E8DED8FD48A76527FBC03FFB4DA8D2FB8D137F37252BB8368856C5A6C)) corresponding with last week’s gateway fees:

- Grove - 10,654.41 POKT
- Nodies - 2,820.99 POKT

# Parameter Changes

## 1. [RelaysToTokensMultiplier parameter change](https://poktscan.com/tx/455B8B4972BA76DE550E7750DA68366D3F12BCA2510ED734F50AF8C637333499)

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 449 (0.000449 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 ~490M, 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/0613ACAB732932E1032FE33B97F6509BC976CAFC25826CC92BAD8152E2EC5C88)

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 3.20, reflecting the average bin of servicers.

## 3. [SupportedBlockchains parameter change](https://poktscan.com/tx/2EEBBC0090D3F938258EB75D50AFE82062CD8E6E86662F8858E224F9B17784F9)

The following chains were allowlisted:

- frax-archival A088
- op-bnb-archival A089