The following transactions were executed this week on behalf of the DAO.
Parameter Changes
1. RelaysToTokensMultiplier parameter change
Following the FREN inflation reduction program, we have updated the RelaysToTokensMultiplier parameter value to 598 (0.000598 POKT/relay) to target a daily emissions value of 662k POKT (corresponding with the SER emission schedule).
This was calculated based on a Trailing 7-day Avg Daily Relays of ~1.107B, using this calculator.
Note that we are now doing weekly updates and using a 7-day trailing average, following the approval of the ACCURATE proposal.
This results in an Effective Annual Inflation of 16.01%. For reference, the total supply as of Jan 1st 2023 was ~1.51B and the current total supply is ~1.572B.
2. ServicerStakeWeightMultiplier parameter change
Following PUP-21, we have adjusted the SSWM parameter to 2.66, reflecting the average bin of servicers.
3. SupportedBlockchains parameter change
The following chains were whitelisted:
- zkevm-polygon-mainnet (0074)
PEP Grants
PEP-45: Get a GRIP: Group to Review and Improve Proposals
Sum payout here, made in one transaction to an intermediate PNF wallet, from which the GRIP payouts were made.
PEP-49 - PNI Compensation (test, actual)
1.36M of the remaining 7.5M escrowed POKT has been released to PNI corresponding with the hire of a protocol developer and two salespersons. PNF has seen the signed token agreements to validate that these tokens will go towards the new hires on 4 year vesting schedules. There is now 6.14M POKT remaining in escrow.
PIP-28: DAN - Distributing the Altruist Network (Community Chains Introduction) (test, actual)
PEP-55: POKTscan Geo-Mesh Reimbursement (test, actual)
PEP-56: Thunderhead / PoktFund LeanPOKT Reimbursement Proposal Poktfund (test, actual)
PEP-56: Thunderhead / PoktFund LeanPOKT Reimbursement Proposal Thunderhead (test, actual)
Bounty Payouts
We have made a payout from the DAO treasury totalling 36,831 POKT, corresponding to IDEAS bounties for the months of January & February.
You can see the sum payout here, made in one transaction to an intermediate PNF wallet, from which the bounty payouts were made.
For details on who was paid out, how much, and for which bounties, please see the IDEAS thread.