# Governance Transaction Notice – Feb 28th

**URL:** https://forum.pokt.network/t/governance-transaction-notice-feb-28th/5072
**Category:** Foundation
**Created:** [February 29, 2024, 4:38am UTC](https://forum.pokt.network/t/governance-transaction-notice-feb-28th/5072 "2024-02-29T04:38:51Z")
**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 29, 2024, 4:38am UTC](https://forum.pokt.network/t/governance-transaction-notice-feb-28th/5072/1 "2024-02-29T04:38:51Z")

</div>

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

# Gateway Fee Burn

10,513.02 POKT of gateway fees was burned ([tx](https://poktscan.com/tx/3EC3B11F1FA3BE32E5D7A853202B40E256002BC24045ECC9928A636C432B694D)) corresponding with last week’s gateway fees:

- Grove - 7,473.67 POKT
- Nodies - 3,039.35 POKT

# Parameter Changes

## 1. [RelaysToTokensMultiplier parameter change](https://poktscan.com/tx/ADAF1A7C10D87153FC70F947F578B750E8107D0F95607E469A5C0B9D2A2D0F76)

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 514 (0.000514 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 ~428M, 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/7877FFB2F477FB42D8156E336C2FED0903DB2260F1E11ECE2FACAF721E85FDB2)

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.