# Governance Transaction Notice – Feb 26th 2023

**URL:** https://forum.pokt.network/t/governance-transaction-notice-feb-26th-2023/4006
**Category:** Foundation
**Created:** [February 27, 2023, 5:11am UTC](https://forum.pokt.network/t/governance-transaction-notice-feb-26th-2023/4006 "2023-02-27T05:11:59Z")
**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 27, 2023, 5:11am UTC](https://forum.pokt.network/t/governance-transaction-notice-feb-26th-2023/4006/1 "2023-02-27T05:11:59Z")

</div>

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

# Parameter Changes

## 1. [RelaysToTokensMultiplier parameter change](https://v2.poktscan.com/tx/5CFB1CC9072CCE11F58AD962C0A0EC8349591164B0FCAF377B881775714C03BB)

Following the FREN inflation reduction program, we have updated the RelaysToTokensMultiplier parameter value to 561 (0.000561 POKT/relay) to target a daily emissions value of 690k POKT.

This was calculated based on a Trailing 7-day Avg Daily Relays of ~1.23B, 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 16.68%. For reference, the total supply as of Jan 1st 2023 was ~1.51B and the current total supply is ~1.55B.

## 2. [ServicerStakeWeightMultiplier parameter change](https://v2.poktscan.com/tx/CC2DAAB4D039F2CE43C91DA3581B8D4CE2A2FA82F75B8E01BE61B835EB1B211A)

Following PUP-21, we have adjusted the SSWM parameter to 2.504, reflecting the average bin of servicers.

# PEP Grants

[PEP-49](https://forum.pokt.network/t/pep-49-pni-compensation-amended/3772) ([test](https://v2.poktscan.com/tx/50DC015B20368F4501F8FAB5CF4030338D3261DB5EF743A203D6DE38F7312B5F), [actual](https://v2.poktscan.com/tx/349362B8A4B9CC754F764BF02390FC58808237D86A16D21497BA3786C5A184A1))

2.5M of the 10M escrowed POKT has been released to PNI corresponding with the hire of a protocol developer and a Head of Marketing. PNF has seen the signed token agreements to validate that these tokens will go towards the new hires on 4 year vesting schedules.