# Governance Transaction Notice – Nov 6th

**URL:** <https://forum.pokt.network/t/governance-transaction-notice-nov-6th/4823>\
**Category:** Foundation\
**Created:** [November 9, 2023, 5:35pm UTC](https://forum.pokt.network/t/governance-transaction-notice-nov-6th/4823 "2023-11-09T17:35:51Z")\
**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:** [November 9, 2023, 5:35pm UTC](https://forum.pokt.network/t/governance-transaction-notice-nov-6th/4823/1 "2023-11-09T17:35:51Z")

</div>

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

# Gateway Fee Burn

128,172.17 POKT of gateway fees was burned ([tx](https://poktscan.com/tx/D80E59CC1C10B0BD4AC0366B0174DF0BFD74A630967C915F293FA598059C5C88)), corresponding with last week’s gateway fees.

# Parameter Changes

## 1. [RelaysToTokensMultiplier parameter change](https://poktscan.com/tx/A83FB414018B214BDDA5058ED8E8FF485AFE5DB6B2B628BBCB2635A7AD9F77E1)

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 335 (0.000335 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 ~656M, 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/74119A1AF85D745CD9DE0C51A65B0529E373EBDE4D6A00DF1C10E1907B4666AE)

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 3.015, reflecting the average bin of servicers.

## 3. [SupportedBlockchains parameter change](https://poktscan.com/tx/ECF48829DFCCA3848E662E9D56254D045CB45180232B10D1A08976F4297D7FB0)

The following chains were allowlisted:

- Solana-mainnet-custom C006

# PEP Grants

- [DAN Payments](https://poktscan.com/tx/22C8ED931E9E189C5F0BC13F00BF5DB415499EC55885749E2B6E233BFA8E9404) – Community Chains, Stakenodes, Cryptonodes.tools, Miss\_kitty
- [POKTnews ANON](https://poktscan.com/tx/DE5F35FD67B28C229F7FC77B9F2BF4D60D874CDF416ACA901E62A9C3674FA210)