Aurora Relaunches its Validator
A new proposal to allocate an additional operational budget has been put forward and recently approved.
In 2022 the Aurora v2 Validator was set up and launched with the objective of helping Aurora provide an accessible and smooth user experience. In the first year of its operation, 5 million $AURORA were allocated for the Aurora Validator, after a proposal was accepted by the Aurora DAO. A new proposal to allocate an additional operational budget has been put forward and recently approved.
The new parameters envisaged by the proposal are the following:
- Set up the validator fee to 99% to incentivize delegators of the Validator amidst adverse market conditions;
- Set up the farm of 20M $AURORA;
- Establish the length of the farm to 1 year.
The above parameters will allow delegators to get a 19.9%-14.6% range of APY with total stake size in between 11-15M $NEAR, respectively, considering the current price of tokens involved.
Currently, Aurora Labs has been assigned by Aurora DAO the main service provider when it comes to maintenance and running of key operations and has therefore been the major recipient of the Aurora Validator’s rewards. While in the future this might change, for the coming year, Aurora Labs will continue to run the necessary operations for maintaining and enhancing Aurora.
We want to emphasize that the Aurora Validator allows Aurora to offer an accessible and convenient user experience by subsidizing the RainbowBridge, the EVM runtime, Aurora+ free transactions and by supporting the development of the Aurora Protocol. We strongly believe that basic functionalities should be accessible for anyone and the Aurora Validator helps us guarantee that Aurora continues to be not just a viable option but a great and affordable option for any user. You can now easily stake with the Aurora Validator, get reasonable rewards, and help Aurora DAO bring you the most convenient blockchain experience!
Aurora is an Ethereum Virtual Machine (EVM) based on the layer 1 proof-of-stake blockchain NEAR Protocol. Aurora provides a solution for developers to deploy their apps on an Ethereum-compatible, high-speed, scalable, and future-proof platform with low transaction costs for their users.
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