The following transactions were executed this week on behalf of the DAO.
282,073.64 POKT of gateway fees was burned (tx), corresponding with last week’s gateway fees.
Following PUP-32: ARR, we have updated the RelaysToTokensMultiplier parameter value to 168 (0.000168 POKT/relay) to target a fixed daily emissions value of 220k POKT.
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).
Following PUP-21, we have adjusted the SSWM parameter to 3.036, reflecting the average bin of servicers.
An additional DAN payment totalling 40,519 POKT was made to make up for a shortfall in the May payment resulting from the use of an outdated price. (tx)
PEP-49 - PNI Compensation (tx)
560k POKT of the remaining 6.14M escrowed POKT has been released to PNI corresponding with the hire of a senior frontend engineer, an account executive, and a product manager. PNF has seen the signed agreements and validated that these tokens will go towards the new hires on 4 year vesting schedules. There is now 5.58M POKT remaining in escrow.