# Governance Transaction Notice – April 24th

**URL:** https://forum.pokt.network/t/governance-transaction-notice-april-24th/5206
**Category:** Foundation
**Created:** [April 25, 2024, 1:03am UTC](https://forum.pokt.network/t/governance-transaction-notice-april-24th/5206 "2024-04-25T01:03:36Z")
**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 25, 2024, 1:03am UTC](https://forum.pokt.network/t/governance-transaction-notice-april-24th/5206/1 "2024-04-25T01:03:36Z")

</div>

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

# Gateway Fee Burn

15,596.09 POKT of gateway fees was burned ([tx](https://poktscan.com/tx/D69BA5D69A19879725D59CF991F4C787C74B1AC02941484A8E82C413EDBFD23B)) corresponding with last week’s gateway fees:

- Grove - 12,018.51 POKT
- Nodies - 3,577.58 POKT

# Parameter Changes

## 1. [RelaysToTokensMultiplier parameter change](https://poktscan.com/tx/B9341CF9974DFAA30254EA6F9C65DE9C9141074DC3A4D68DF83956C57CE65A92)

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 503 (0.000503 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/8A2E147A21A990CA0F0F1F5C0AF690721EC041388316EE2AC637909911A24FCE)

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. SPACE Transactions

Corresponding with PUP-33: SPACE, the following parameters were changed:

- BlockByteSize: 12MB → 16MB ([tx](https://poktscan.com/tx/07754107BC438E97BC1D4FD8D7E9363EF79563EAED59E050F0D61CDD5712492A))

# DAO Payments

- SCAN POKTscan payment [tx](https://poktscan.com/tx/211D324D776621CAA5E47C888FA4BBF69D8030AA7AF785F1BFF60177158F171F)
- PEP-67 Tier 1 liquidity [tx](https://poktscan.com/tx/980218617D24483F1A39DAF08E49C919EF59C2C7C46E680AEA8F2A94CAB6361B)