# Governance Transaction Notice – Feb 6th

**URL:** https://forum.pokt.network/t/governance-transaction-notice-feb-6th/5026
**Category:** Foundation
**Created:** [February 7, 2024, 5:09am UTC](https://forum.pokt.network/t/governance-transaction-notice-feb-6th/5026 "2024-02-07T05:09:45Z")
**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 7, 2024, 5:09am UTC](https://forum.pokt.network/t/governance-transaction-notice-feb-6th/5026/1 "2024-02-07T05:09:45Z")

</div>

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

# Gateway Fee Burn

9,563.57 POKT of gateway fees was burned ([tx](https://poktscan.com/tx/9B7DFD634A8AA36B1F7EE533F64DBC6CC988DF4707B1168CB3D50F13CDBF5740)) corresponding with last week’s gateway fees:

- Grove - 6,876.22 POKT
- Nodies - 2,687.35 POKT

# Parameter Changes

## 1. [RelaysToTokensMultiplier parameter change](https://poktscan.com/tx/55D047E79C07B1A99CD9909D3EFD601A8D6A27F920594197B11E203512998E50)

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 588 (0.000588 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 ~374M, 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/EB13BBE67A0FF4DA29D1F316E46C86D8309E52FC2014FDC6D69BAC92263CE672)

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 3.19, reflecting the average bin of servicers.

# DAO Payments

- POKT News Payment – 22,321 POKT ([tx](https://poktscan.com/tx/BB945FFCADE05DC39D80631C7986AE8AD5B88E004498B946FEEED59388243EB2))
- MODS Payments – 15,625 POKT ([tx](https://poktscan.com/tx/65C0FC9BBE6AD1F5AF9A702FEFA3F6E9E154D3D1E5C38C2579D6E289F6B8703C))