# Governance Transaction Notice – June 20th 2024

**URL:** https://forum.pokt.network/t/governance-transaction-notice-june-20th-2024/5273
**Category:** Foundation
**Created:** [June 20, 2024, 6:17pm UTC](https://forum.pokt.network/t/governance-transaction-notice-june-20th-2024/5273 "2024-06-20T18:17:45Z")
**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: [June 20, 2024, 6:17pm UTC](https://forum.pokt.network/t/governance-transaction-notice-june-20th-2024/5273/1 "2024-06-20T18:17:46Z")

</div>

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

# Gateway Fee Burn

36,720.39 POKT of gateway fees was burned ([tx](https://poktscan.com/tx/CF2DECBB115A83BEF76848706B849438859EC3599F068D01B7129A8914365B7D)) corresponding with last week’s gateway fees. See the distribution of per-gateway relays [here](https://poktscan.com/explore?tab=gateways).

# Parameter Changes

## 1. [RelaysToTokensMultiplier parameter change](https://poktscan.com/tx/3E9F491173CB7A445B5CBF1E047654FDEBF900E5A4611B37A6242C9338F01BD2)

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 359 (0.000359 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 ~612M, 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/29001721F2038D42158868F4879FE5D52921476A7FDFB75244D917C1FA69B39B)

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 3.18, reflecting the average bin of servicers.