# Governance Transaction Notice – May 28th 2024

**URL:** <https://forum.pokt.network/t/governance-transaction-notice-may-28th-2024/5248>\
**Category:** Foundation\
**Created:** [May 29, 2024, 5:25am UTC](https://forum.pokt.network/t/governance-transaction-notice-may-28th-2024/5248 "2024-05-29T05:25:00Z")\
**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:** [May 29, 2024, 5:25am UTC](https://forum.pokt.network/t/governance-transaction-notice-may-28th-2024/5248/1 "2024-05-29T05:25:00Z")

</div>

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

# Gateway Fee Burn

25,672.20 POKT of gateway fees was burned ([tx](https://poktscan.com/tx/DEB6D30AA792F6806E04906EE9EFCB412BA635E575A2460120A10DB0C45FBCF7)) 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/089C4605E1CF5970107B66F8F5F0FE7B5B7CDAE1FDBE414A1508AABB9431A995)

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 387 (0.000387 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 ~569M, 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/4FB8FA847C0F250831E3BFFA7FB315F35B83CED2D458D67E3C5518EFFA71DDBB)

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 3.19, reflecting the average bin of servicers.

## 3. [SupportedBlockchains parameter change](https://poktscan.com/tx/960F4C328C236A71B9153F6B4E4A93B451F78D6F40F6B8F60396DEEBAB6FB734)

The following chains were allowlisted:

- 7A00 - Taiko Mainnet

# DAO Payments

- PEP-71 reimbursement to ERA allocation [tx](https://poktscan.com/tx/98DF4E4B4578CCC5C5CDCBAD1C31E19283EEC721ECBB2667C328398370B0E6E9)