This proposal is to continue financing (see previously approved proposal #1 and proposal #2 the cost of transaction relaying and protocol development by allocating the part of accumulated on Aurora Validator NEAR tokens to Aurora Labs.
The main reason for the existence of Aurora Validator is having an ability to partially offset the costs of transaction relaying (providing free transactions to Aurora users through Aurora+) and further protocol development. Both of the activities are currently performed mainly by Aurora Labs.
We propose to approve the allocation of the part of validator proceeds (NEAR tokens, generated from PoS consensus algorithm) accumulated within the next two years (till 31st of July 2025) that are available after deducting the amount needed for operational purposes of Aurora DAO service entities, to Aurora Labs. Aurora DAO service entity and, thus, Aurora DAO too. will maintain the full control of the validator while Aurora Labs would be able to directly communicate with the service entity, without creating an additional load on the Aurora DAO council members.