The following transactions were executed this week on behalf of the DAO.
Gateway Fee Burn
168,909.59 POKT of gateway fees was burned (tx), corresponding with last week’s gateway fees.
Parameter Changes
1. RelaysToTokensMultiplier parameter change
Following PUP-32: ARR, we have updated the RelaysToTokensMultiplier parameter value to 286 (0.000286 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 ~768M, using this calculator. Note that we are doing weekly updates and using a 7-day trailing average, following PUP-29: ACCURATE.
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
Following PUP-21, we have adjusted the SSWM parameter to 3.009, reflecting the average bin of servicers.
PEP Grants
PIP-28: DAN - Distributing the Altruist Network
Sum payout of 265,616 POKT here, made in one transaction to an intermediate PNF wallet, from which the DAN payouts were made.
A 2nd payment of 45,000 POKT was made for this research grant.