# Governance Transaction Notice – Mar 5th

**URL:** <https://forum.pokt.network/t/governance-transaction-notice-mar-5th/5081>\
**Category:** Foundation\
**Created:** [March 6, 2024, 1:28am UTC](https://forum.pokt.network/t/governance-transaction-notice-mar-5th/5081 "2024-03-06T01:28:05Z")\
**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 6, 2024, 1:28am UTC](https://forum.pokt.network/t/governance-transaction-notice-mar-5th/5081/1 "2024-03-06T01:28:05Z")

</div>

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

# Gateway Fee Burn

11,226.67 POKT of gateway fees was burned ([tx](https://poktscan.com/tx/2AF23D9E1F75FD128D3FE4946AAFA19C61A0F4202301D47C45E06C807E4585C4)) corresponding with last week’s gateway fees:

- Grove - 8,213.41 POKT
- Nodies - 3,013.26 POKT

# Parameter Changes

## 1. [RelaysToTokensMultiplier parameter change](https://poktscan.com/tx/775FA7D13B0ECCADFFB41C3BBA952145F5C74A95D2DC0FF1B1704BC9358BAC50)

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 513 (0.000513 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 ~429M, 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/25C4E089F89FE898ABA215C354FA3FC508866E60FF76F05BA6BED01E10755654)

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 3.207, reflecting the average bin of servicers.