# Governance Transaction Notice – Oct 30th

**URL:** <https://forum.pokt.network/t/governance-transaction-notice-oct-30th/4807>\
**Category:** Foundation\
**Created:** [October 31, 2023, 3:09am UTC](https://forum.pokt.network/t/governance-transaction-notice-oct-30th/4807 "2023-10-31T03:09:44Z")\
**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 31, 2023, 3:09am UTC](https://forum.pokt.network/t/governance-transaction-notice-oct-30th/4807/1 "2023-10-31T03:09:45Z")

</div>

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

# Gateway Fee Burn

221,395.26 POKT of gateway fees was burned ([tx](https://poktscan.com/tx/FCAAAF4FAE5FFB9F194B6C972705681F90508E88A4544F6AA621D58686FD6177)), corresponding with last week’s gateway fees.

# Parameter Changes

## 1. [RelaysToTokensMultiplier parameter change](https://poktscan.com/tx/DF6C983604E5EC00528B721B06426FF7DF02396FB64CE9B820D0B938626919CC)

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 241 (0.000241 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 ~913M, 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/52C12B607F7AD148C6F4FC24A9481CA47C2D93AD77A38C99706E0FAF21F3D989)

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 2.98, reflecting the average bin of servicers.

# PEP Grants

[PEP-48: Quarterly Reporting through Messari Protocol Services](https://forum.pokt.network/t/pep-48-quarterly-reporting-through-messari-protocol-services/3758)

The 3rd instalment of the Messari grant was paid. [tx](https://poktscan.com/tx/B5B3F78C285B4EDA537258711C91CAF45A4A66490250A6A46C93389A35567BC2)