The “Service arm entities” of Aurora DAO - Aurora Foundation (Cayman Islands) and it’s subsidiary Aurora DAO Ltd. (BVI) (assigned to this role in March 2022) provide the required legal basis to interface with the authorities and other legal entities. Moreover, the legal entity put in place helps shielding liabilities from the participants of the DAO.
Consolidated report comprises transactions of Aurora Foundation Cayman Islands and Aurora DAO Ltd. BVI for November 2022 - October 2023 is:
Considering efficient work of “service arm entities” and their contractors the following is suggested:
Proposal:
- Continue support and maintenance of service arm entities of Aurora DAO - Aurora Foundation (Cayman Islands) and it’s subsidiary Aurora DAO Ltd. (BVI).
- Approve renewal of Campbell Law as Director and SILVERSIDE MANAGEMENT LTD as Secretary and Supervisor of Aurora Foundation (Cayman Islands) and Campbell Law as Director of Aurora DAO Ltd. (BVI) with annual remuneration of up to USD 40.000 until another nomination is proposed and approved.
- Approve continuation of assignment of Optimum Finance Consulting LLC as a financial outsourcing team for transaction execution and AML compliance procedures of all DAO recommendations from DAO wallets with monthly compensation of USD 2.000 until another nomination is proposed and approved.
- Expenses referred to in points 1 and 2 as well as other costs that are required to fully finance operational needs of Aurora Foundation (Cayman Islands) and it’s subsidiary Aurora DAO Ltd. (BVI) shall be financed from the Validator proceedings previously allocated to Aurora Labs starting from 1 January 2024 and for the following periods, unless otherwise approved.