# Governance Transaction Notice – Oct 16th

**URL:** <https://forum.pokt.network/t/governance-transaction-notice-oct-16th/4801>\
**Category:** Foundation\
**Created:** [October 17, 2023, 1:19am UTC](https://forum.pokt.network/t/governance-transaction-notice-oct-16th/4801 "2023-10-17T01:19:30Z")\
**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:** [October 17, 2023, 1:19am UTC](https://forum.pokt.network/t/governance-transaction-notice-oct-16th/4801/1 "2023-10-17T01:19:31Z")

</div>

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

# Gateway Fee Burn

235,482.62 POKT of gateway fees was burned ([tx](https://poktscan.com/tx/CCC2137B4FA70737540061C500DC7EDCAD154E72F7567DA8B9BB6AC1932D5CB2)), corresponding with last week’s gateway fees.

# Parameter Changes

## 1. [RelaysToTokensMultiplier parameter change](https://poktscan.com/tx/355271132C6B107FD9977F60395AA6C69080CABD0EB811DEEE4A5988ABD4244D)

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 215 (0.000215 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 ~1.023B, 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/DDCCBF15547C9C44A6F67344278C7FD450B9105EB96528365DD8F2CA846EE8A3)

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 2.99, reflecting the average bin of servicers.