# Governance Transaction Notice – Oct 4th

**URL:** <https://forum.pokt.network/t/governance-transaction-notice-oct-4th/4784>\
**Category:** Foundation\
**Created:** [October 5, 2023, 1:53am UTC](https://forum.pokt.network/t/governance-transaction-notice-oct-4th/4784 "2023-10-05T01:53:41Z")\
**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 5, 2023, 1:53am UTC](https://forum.pokt.network/t/governance-transaction-notice-oct-4th/4784/1 "2023-10-05T01:53:42Z")

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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](https://poktscan.com/tx/3037314865718670F606E69996F1429EA531357B32E939A842FB9CF3B376A7A6)), corresponding with last week’s gateway fees.

# Parameter Changes

## 1. [RelaysToTokensMultiplier parameter change](https://poktscan.com/tx/CFAFC17F69EF424A324653AF0E77B3AC61085BBB72BEC2D241A129FDE768CC56)

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 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](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/B2431ED38EE321D0482A65C47BD118E1597B3849AF87E11F9D409A5EF9F9F102)

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 3.009, reflecting the average bin of servicers.

# PEP Grants

[PIP-28: DAN - Distributing the Altruist Network](https://forum.pokt.network/t/pip-28-dan-distributing-the-altruist-network-community-chains-introduction/4020)

Sum payout of 265,616 POKT [here](https://poktscan.com/tx/E39F2BD88C1FADB6DCD4A229EA746655C9358073BBC65339DD6E02172BF882E4), made in one transaction to an intermediate PNF wallet, from which the DAN payouts were made.

[PEP-31 Scholarship Fund](https://forum.pokt.network/t/pep-31-scholarship-fund/2887)

A 2nd payment of [45,000 POKT](https://poktscan.com/tx/5D7798588CF19617B54030EAFC97273020BC46F1584CD68323AE1C03FF5F41BF) was made for [this research grant](https://forum.pokt.network/t/build-lawjammed-dissertation-research-thread/4379/4).