# Governance Transaction Notice – May 8th

**URL:** https://forum.pokt.network/t/governance-transaction-notice-may-8th/5223
**Category:** Foundation
**Created:** [May 8, 2024, 7:32pm UTC](https://forum.pokt.network/t/governance-transaction-notice-may-8th/5223 "2024-05-08T19:32:03Z")
**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 8, 2024, 7:32pm UTC](https://forum.pokt.network/t/governance-transaction-notice-may-8th/5223/1 "2024-05-08T19:32:03Z")

</div>

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

# Gateway Fee Burn

19,626.31 POKT of gateway fees was burned ([tx](https://poktscan.com/tx/F510A25D88453DC968BE15E6C0F2FC61F071D8CAAC933E7273F718FB6C1B4F52)) corresponding with last week’s gateway fees:

- Grove - 14,470.87 POKT
- Nodies - 4,784.83 POKT
- Liquify - 370.61 POKT

# Parameter Changes

## 1. [RelaysToTokensMultiplier parameter change](https://poktscan.com/tx/F3E8B0D4505D55C1C62D07202C1CC0FC9360D02D2CE5A6108DA31684889C96F6)

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 449 (0.000449 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 ~490M, 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/17EC71E6D44BE5552CE10966E422E22F159ABB123CFE820699978ACFBC6801D5)

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.