# Governance Transaction Notice – Jan 23rd

**URL:** <https://forum.pokt.network/t/governance-transaction-notice-jan-23rd/4985>\
**Category:** Foundation\
**Created:** [January 24, 2024, 4:21am UTC](https://forum.pokt.network/t/governance-transaction-notice-jan-23rd/4985 "2024-01-24T04:21:19Z")\
**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:** [January 24, 2024, 4:21am UTC](https://forum.pokt.network/t/governance-transaction-notice-jan-23rd/4985/1 "2024-01-24T04:21:19Z")

</div>

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

# Gateway Fee Burn

8,999.29 POKT of gateway fees was burned ([tx](https://poktscan.com/tx/4D1970BEA9C27FC013E20615CF3E6EF81F66F51F21469FEDEA7DF3DE58A26EB3)) corresponding with last week’s gateway fees:

- Grove - 6,907.64 POKT
- Nodies - 2,091.65 POKT

# Parameter Changes

## 1. [RelaysToTokensMultiplier parameter change](https://poktscan.com/tx/8BEE13479AD2CB4EFD2B2DB139DBD98BFE5D9F7F5796DF52A236B97E98C3C565)

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 574 (0.000574 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 ~368M, 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/C733A3B511A53013A7A3CD90A8D40663216F74AA787271935D8D70A70A3AEB42)

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 3.086, reflecting the average bin of servicers.

# DAO Payments

- ERA Allocation ([tx](https://poktscan.com/tx/B82468C47EBB09B6A39EC3C79FE4D88709E90E6C0C82EB7A2716B0AB43006D12)) – 1,643,405 POKT of the ERA Allocation from the previous cycle has been moved into a PNF wallet, which can be viewed [here](https://poktscan.com/account/4e67bdb7d099c8a754b22c852a9fe140b7d47849).