[Proposal] Consolidated report of Service arm entities and other activities

AuroraDAO
1

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) provides 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 2023 - November 2024 is:

1113×814 132 KB

Based on the above report and previously approved proposal, it is proposed to continue to support Service arm entities on the same terms and with the same providers.

In addition the proposal is to ratify and approve some changes to previously approved proposals

and related activities:

  1. The GSR market making agreement is coming to an end. Based on the agreed terms and market condition GSR executed 2 (two) out of 4 (four) options - 1 million each:

a. Option #1 was not executed - 1 million $AURORA should be returned to the Aurora DAO Ltd. treasury.
b. Option #2 was executed at the price 0.1328 and USDT 113,280 were transferred to Aurora DAO Ltd. (BVI) in December 2023. These funds were used for:

i. USDT 100,000 as a marketing campaign during the listing on ByBit (instead of selling $AURORA equivalent from the [bucked provided for the relevant activities](https://forum.aurora.dev/t/approved-strategic-partnership-with-peanut-trade/2616)
ii. USDT 12,000 as a marketing campaign during DeepCoin listing (as above).

c. Option #3 was not executed - 1 million $AURORA should be returned to the Aurora DAO Ltd. treasury.
d. Option #4 is subject to execution later in December and there is expectation that it will be executed at the price 0.18588 for 185,880 USDT.

It is also proposed that the above balances of USDT 187,160 and 2 million $AURORA be transferred to the Aurora DAO Ltd. (BVI) treasury and used for any relevant activities with Peanut.Trade Limited or similar provider, provided that it yields positive outcomes for the ecosystem.

  1. Starting from July 2024 some amounts of $AURORA received as validator rewards were spent for moderators and ecosystem related activities. The total amount used is 285,305 $AURORA. Considering the insignificance of the amounts and that validator rewards can completely cover such activities it is proposed to approve use of these funds (including those that are already in Aurora DAO Ltd. (BVI) treasury) for similar activities benefiting the Aurora ecosystem without any additional funding requests from DAO treasury.

  2. During preparation of financial results for the 2024 it was revealed that some funds from previously approved budgets have not been used and are kept in the Aurora DAO Ltd. (BVI) treasury, namely:

a. Airdrops 743,406 $AURORA out of 1,000,000 $AURORA initially allocated.
b. Ecosystem tokens staking rewards 1,660,000 $AURORA out of 3,000,000 $AURORA initially allocated.

The proposal is to allocate unused funds to the separate bucket and use them within the ecosystem related activities with Peanut.Trade Limited or any other minor grants, moderators, airdrops and similar activities, provided that it yields positive outcomes for the ecosystem

2 Likes