# Governance Transaction Notice – Oct 23rd

**URL:** https://forum.pokt.network/t/governance-transaction-notice-oct-23rd/4803
**Category:** Foundation
**Created:** [October 24, 2023, 1:54am UTC](https://forum.pokt.network/t/governance-transaction-notice-oct-23rd/4803 "2023-10-24T01:54:23Z")
**Posts on this page:** 1
**Page:** 1

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### 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 24, 2023, 1:54am UTC](https://forum.pokt.network/t/governance-transaction-notice-oct-23rd/4803/1 "2023-10-24T01:54:23Z")

</div>

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

# Gateway Fee Burn

283,637.39 POKT of gateway fees was burned ([tx](https://poktscan.com/tx/7C8A446FA66ABCA67B0E07FE359CC2244CDDF9A1A4D12B72C6559EE2974FA70A)), corresponding with last week’s gateway fees.

# Parameter Changes

## 1. [RelaysToTokensMultiplier parameter change](https://poktscan.com/tx/2A3C425A012D00E93EFABFACB515863F6BD20B14CB848D7EE701C2E84CC119CD)

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 186 (0.000186 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 ~1.181B, 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/453F3487BA5D6D7A6E95E529154090ACDFB9D9D08348901813B95A58B2A457A8)

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.