# Governance Transaction Notice – Feb 19th 2023

**URL:** <https://forum.pokt.network/t/governance-transaction-notice-feb-19th-2023/3984>\
**Category:** Foundation\
**Created:** [February 19, 2023, 5:32pm UTC](https://forum.pokt.network/t/governance-transaction-notice-feb-19th-2023/3984 "2023-02-19T17:32:56Z")\
**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:** [February 19, 2023, 5:32pm UTC](https://forum.pokt.network/t/governance-transaction-notice-feb-19th-2023/3984/1 "2023-02-19T17:32:56Z")

</div>

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

# Parameter Changes

## 1. [RelaysToTokensMultiplier](https://v2.poktscan.com/tx/38B0426045ABE319297F8B07A4E94EB0CD388B4C091A2BCB3ECED15C706C4D01)

Following the FREN inflation reduction program, we have updated the RelaysToTokensMultiplier parameter value to 603 (0.000603 POKT/relay) to target a daily emissions value of 690k POKT.

This was calculated based on a Trailing 7-day Avg Daily Relays of ~1.14B, using [this calculator](https://docs.google.com/spreadsheets/d/1JqA-9hgSKFl5f1A6XW1KgRtCYkZB-QcK7ih9_xwjusA/edit?usp=sharing).

Note that we are now doing weekly updates and using a 7-day trailing average, following the approval of the ACCURATE proposal.

This results in an Effective Annual Inflation of 16.29%. For reference, the total supply at the start of FREN was ~1.38B and the current total supply is ~1.545B.

## 2. [ServicerStakeWeightMultiplier](https://v2.poktscan.com/tx/B08670C4DB3F04FA052E22029E1D99EABF5CE87C23D9639471519C0BB489C6E0)

Following PUP-21, we have adjusted the SSWM parameter to 2.44, reflecting the average bin of servicers.

# PEP Grants

1. [PEP-49](https://forum.pokt.network/t/pep-49-pni-compensation-amended/3772) ([test](https://v2.poktscan.com/tx/3B9535A838ED55DD4295052FC5C417F4AC8449A0F251881365E5AFC72FD2CF8F), [actual](https://v2.poktscan.com/tx/13E995E0417940D18FACC3E720C636F74777F1522949C0528DF5BBEF994A3932))
2. [PEP-50](https://forum.pokt.network/t/pep-50-continuation-of-independent-pocket-network-reddit-marketing/3837) ([test](https://v2.poktscan.com/tx/AC3DBCA4083413E39D4FD9A696E9F2F00D0F35008728FBCC7A596B764DB650AD), [actual](https://v2.poktscan.com/tx/E9202FC3E9FFFA48585ACC44BD1CCAFC41C51C3E9E2347BD2C6BBDA1556E7770))
3. [PEP-51](https://forum.pokt.network/t/pep-51-cryptocorn-asks-for-reimbursement-of-energies-care/3888) ([test1](https://v2.poktscan.com/tx/3752C6E3FF8DF8F84A1F7829F219C6778524D4EF7DB8A9A50603C1B9385DD402), [test2](https://v2.poktscan.com/tx/6424C878865948AF1834866CE3B75CBD18E5BBF3E95362615616B94A9FF5FF7B), [actual](https://v2.poktscan.com/tx/1CCB6DEFE9456F6721F22CDF6BC04232A5D8B96FCAF73A2F0307877CAA21A709))
4. [PEP-52](https://forum.pokt.network/t/pep-52-translate-pocket-foundation-articles-of-association-into-chinese/3878) ([test](https://v2.poktscan.com/tx/D859031460BC2A485F2759C131911E3C3057F60A9F605A635BD76056A7CF6759), [actual](https://v2.poktscan.com/tx/80403C3E3364E12E079DB7C4C106722BC226119F7E9E541D19E1D4D685D7A833))