# Governance Transaction Notice – Aug 21st

**URL:** https://forum.pokt.network/t/governance-transaction-notice-aug-21st/4689
**Category:** Foundation
**Created:** [August 21, 2023, 10:16pm UTC](https://forum.pokt.network/t/governance-transaction-notice-aug-21st/4689 "2023-08-21T22:16:42Z")
**Posts on this page:** 1
**Page:** 1

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### 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: [August 21, 2023, 10:16pm UTC](https://forum.pokt.network/t/governance-transaction-notice-aug-21st/4689/1 "2023-08-21T22:16:42Z")

</div>

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

# Gateway Fee Burn

171,545.79 POKT of gateway fees was burned ([tx](https://poktscan.com/tx/E6A8B68B8FD92E88EA3DADFA95D39E29243385963CCD09856DE8E67F5ED90778)), corresponding with last week’s gateway fees.

# Parameter Changes

## 1. [RelaysToTokensMultiplier parameter change](https://poktscan.com/tx/CE185BA363701A87C6B11A5B38457F4F6E68FCF5EE6C94CB319DF9EE8579654D)

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 227 (0.000227 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 ~970M, 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/89BF93E60067632050D529D01C80CDF2F9588A34284C7BB55D02CE41109DDB50)

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 3.0385, reflecting the average bin of servicers.