# Governance Transaction Notice – Dec 4th

**URL:** https://forum.pokt.network/t/governance-transaction-notice-dec-4th/4857
**Category:** Foundation
**Created:** [December 5, 2023, 12:25am UTC](https://forum.pokt.network/t/governance-transaction-notice-dec-4th/4857 "2023-12-05T00:25:16Z")
**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 5, 2023, 12:25am UTC](https://forum.pokt.network/t/governance-transaction-notice-dec-4th/4857/1 "2023-12-05T00:25:17Z")

</div>

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](https://poktscan.com/tx/E5BF76ED1DC0946090BADD73F7A060880213A485D0276F2767D78FE817CFC7C7)) corresponding with last week’s gateway fees:

- Grove - 23,038.32 POKT
- Nodies - 3,093.42 POKT

# Parameter Changes

## 1. [RelaysToTokensMultiplier parameter change](https://poktscan.com/tx/2D4CF8061C117B31DF7AE21694E679B435B71718FC0F15FDAE16AB3BDC6259AB)

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 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](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/2F5C5646940DCB217AE7E8A01788CFA732EE9BF771EEB6C0DF2A99CD278D7341)

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 3.005, reflecting the average bin of servicers.

# DAO Payments

- 3,172,078 POKT from the ERA Budget and Allocation were withdrawn to a PNF wallet ([tx](https://poktscan.com/tx/03CDCA10F8DB2D321428369E55B2DF3BEF65AF248D85EACCE489E13E832DD859))
- POKT News ANON Payment for November ([tx](https://poktscan.com/tx/ADE5A9714921A3A0A207564B177E976BC31EE718624A4FA00239D4EAD9277DD2))