# Governance Transaction Notice – Dec 18th

**URL:** https://forum.pokt.network/t/governance-transaction-notice-dec-18th/4878
**Category:** Foundation
**Created:** [December 18, 2023, 9:33pm UTC](https://forum.pokt.network/t/governance-transaction-notice-dec-18th/4878 "2023-12-18T21:33:54Z")
**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: [December 18, 2023, 9:33pm UTC](https://forum.pokt.network/t/governance-transaction-notice-dec-18th/4878/1 "2023-12-18T21:33:54Z")

</div>

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

# Gateway Fee Burn

30,589.42 POKT of gateway fees was burned ([tx](https://poktscan.com/tx/1A46AD4CC1C40550CDB5E36C8C21090BD74393DE89FC4BA9517291EB9FBC1776)) corresponding with last week’s gateway fees:

- Grove - 26,888.77 POKT
- Nodies - 3,700.65 POKT

# Parameter Changes

## 1. [RelaysToTokensMultiplier parameter change](https://poktscan.com/tx/D8B562A29074081E87167927DDD55BB339D3F19EAFE8F8E1DADC52F914323CA1)

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 435 (0.000435 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 ~506M, 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/B330904E9F3DB90E5B1B5F7B5D8FBD5155522573A2221C29E038BE338501A4CB)

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 3.026, reflecting the average bin of servicers.

# DAO Payments

- 2.2M POKT withdrawal to the ERA hot wallet ([tx](https://poktscan.com/tx/D386898880300673FF1C5B06D8A590CE46D4801D437C6E108B5494AD6D330E8A))
- 133,821 POKT for the final DAN payments ([tx](https://poktscan.com/tx/21D15CE64818B2C6D6DC212AE40344F2D5D89192DE1240E37D8A15E9DB056491))
  - 537 POKT to Community Chains
  - 56,061 POKT to Stakenodes
  - 56,061 POKT to Cryptonode.Tools
  - 21,162 POKT to MissKitty