# Governance Transaction Notice – Mar 12th

**URL:** https://forum.pokt.network/t/governance-transaction-notice-mar-12th/5106
**Category:** Foundation
**Created:** [March 13, 2024, 2:23am UTC](https://forum.pokt.network/t/governance-transaction-notice-mar-12th/5106 "2024-03-13T02:23:13Z")
**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: [March 13, 2024, 2:23am UTC](https://forum.pokt.network/t/governance-transaction-notice-mar-12th/5106/1 "2024-03-13T02:23:13Z")

</div>

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

# Gateway Fee Burn

16,053.69 POKT of gateway fees was burned ([tx](https://poktscan.com/tx/90A4A001DF839D55D448369F230ED69E1CA9B7386FDF02167AC5C03AA075FB7F)) corresponding with last week’s gateway fees:

- Grove - 12,240.21 POKT
- Nodies - 3,813.48 POKT

# Parameter Changes

## 1. [RelaysToTokensMultiplier parameter change](https://poktscan.com/tx/FEEF27DA3A2696CC145A6EF4D1E3711617419DCACA215FD727CF442DC8B89B4E)

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 ~497M, 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/7903F211B3E4738D31CCF42DF8C4D11F10C3F08165D9537C6D200782D79DAE09)

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 3.21, reflecting the average bin of servicers.

## 3. [SupportedBlockchains parameter change](https://poktscan.com/tx/3A02249178C27CEC6B4ED4EDE0D806C87D1E44E6948A7C6E6BA7E33E5B9F44E7)

The following chains were allowlisted:

- eth-beacon B021
- holesky-beacon B081
- zksync-era 0084

# DAO Payments

- POKT News Payment – 20,730 POKT ([tx](https://poktscan.com/tx/63C41B31B6840F94AAAF4B06A9BF4BF8DB0BF600427FDC64BBD8EE14CA14405E))
- MODS Payments – 14,511 POKT ([tx](https://poktscan.com/tx/87DB15B6896D5EDE3C957B982413024B8F7C5257E5157D2155E01AECE55ECF13))