Governance Transactions Notice - 11 July 2024

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

Gateway Fee Burn

52,823 POKT of gateway fees was burned (tx) corresponding with last week’s gateway fees. See the distribution of per-gateway relays here.

Parameter Changes

1. RelaysToTokensMultiplier parameter change

Following PUP-32: ARR, we have updated the RelaysToTokensMultiplier parameter value to 442 (0.000442 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 498,097,588, using this calculator. Note that we are doing weekly updates and using a 7-day trailing average, following PUP-29: ACCURATE.

2. ServicerStakeWeightMultiplier parameter change

No change this week as the value has stayed the same

3. SupportedBlockchains parameter change

The following chains were allowlisted:

  • ZK Link Nova Archival [A091]
  • ETH Mainnet WSS [E021]
  • Ton Archival [A092]

DAO Payments

  • Payment to Vojtech for his Multichain POKT work prior to joining PNF tx