The following transactions were executed this week on behalf of the DAO.
Gateway Fee Burn
9,688.52 POKT of gateway fees was burned (tx) corresponding with last week’s gateway fees:
- Grove - 7,135.60 POKT
- Nodies - 2,552.92 POKT
Parameter Changes
1. RelaysToTokensMultiplier parameter change
Following PUP-32: ARR, we have updated the RelaysToTokensMultiplier parameter value to 518 (0.000518 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 ~424M, 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 3.192, reflecting the average bin of servicers.
DAO Payments
Protocol Upgrade (RC-0.11.1)
- Activate RC-0.11.1 (tx)
- Enable RewardDelegators Feature (tx)
- Enable AppTransfer Feature (tx)
- Enable MaxChains Feature (tx)
- Enable PerChainRTTM Feature (tx)
Note: MaxChains and PerChainRTTM are enabled but will take no effect until a parameter value is chosen.