The following transactions were executed this week on behalf of the DAO.
Gateway Fee Burn
26,131.74 POKT of gateway fees was burned (tx) corresponding with last week’s gateway fees:
- Grove - 23,038.32 POKT
- Nodies - 3,093.42 POKT
Parameter Changes
1. RelaysToTokensMultiplier parameter change
Following PUP-32: ARR, we have updated the RelaysToTokensMultiplier parameter value to 504 (0.000504 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 ~436M, using this calculator. Note that we are doing weekly updates and using a 7-day trailing average, following PUP-29: ACCURATE.
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
Following PUP-21, we have adjusted the SSWM parameter to 3.005, reflecting the average bin of servicers.