# Governance Transaction Notice – Jan 9th

**URL:** https://forum.pokt.network/t/governance-transaction-notice-jan-9th/4951
**Category:** Foundation
**Created:** [January 10, 2024, 12:56am UTC](https://forum.pokt.network/t/governance-transaction-notice-jan-9th/4951 "2024-01-10T00:56:19Z")
**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 10, 2024, 12:56am UTC](https://forum.pokt.network/t/governance-transaction-notice-jan-9th/4951/1 "2024-01-10T00:56:19Z")

</div>

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

# Gateway Fee Burn

17,089.88 POKT of gateway fees was burned ([tx](https://poktscan.com/tx/F7D57F52DCF01E495821C879E50D49775B4193ECFCEFA5B69B0D75252A95D0EB)) corresponding with last week’s gateway fees:

- Grove - 14,272.90 POKT
- Nodies - 2,816.98 POKT

# Parameter Changes

## 1. [RelaysToTokensMultiplier parameter change](https://poktscan.com/tx/5C094B2F58E8E3256064BDD6B8A67CC758D49E886FDD73B0102F3875CECC7E7A)

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 443 (0.000443 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 ~496M, 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/A07BE894BC0B81A49642B5607B1A71234000A86DFB01135D8741BED7C42ED97E)

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 3.068, reflecting the average bin of servicers.

# DAO Payments

- POKT News ANON Monthly - 41,946 POKT ([tx](https://poktscan.com/tx/BEA05C995B474207B54E42C2CBF7A96518DD65E3838C84B375396CBD9F9D7A8F))
- CM-CC Moderator Payments ([tx](https://poktscan.com/tx/1B0E521A2A10BE8955AE7E6DFD70750128979ADD2EDF071992BEE0303787AB34))
  - Jerry - 16,779 POKT
  - Bruce - 12,584 POKT

- Final outstanding Triforce payments totaling 142,611 POKT ([tx](https://poktscan.com/tx/4CF4F4B97F92FCF22A903F0CA3848FF82AC5C115AE37FD65048BE712341E9318))