# Governance Transaction Notice – Feb 13th

**URL:** https://forum.pokt.network/t/governance-transaction-notice-feb-13th/5043
**Category:** Foundation
**Created:** [February 14, 2024, 3:54am UTC](https://forum.pokt.network/t/governance-transaction-notice-feb-13th/5043 "2024-02-14T03:54:33Z")
**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: [February 14, 2024, 3:54am UTC](https://forum.pokt.network/t/governance-transaction-notice-feb-13th/5043/1 "2024-02-14T03:54:34Z")

</div>

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

# Gateway Fee Burn

12,438.29 POKT of gateway fees was burned ([tx](https://poktscan.com/tx/7DFBCB8EAACFF55FFB62B8A90E7D07391627CF733701E4F22486C4AC39BC5C84)) corresponding with last week’s gateway fees:

- Grove - 9,723.27 POKT
- Nodies - 2,715.02 POKT

# Parameter Changes

## 1. [RelaysToTokensMultiplier parameter change](https://poktscan.com/tx/46B4E75C71BADBD9F441989C4E0F1D62D2F6FD06B5DF4E12D36BC619660BA936)

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 442 (0.000442 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 ~498M, 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/C76F1B3B559D98D18DF83D7E997B74359A6453D04BAADAFC2F65F616253076D6)

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 3.196, reflecting the average bin of servicers.