Illia Polosukhin, Co-Founder of Near Protocol AuroraDAO, governing mechanism that will be defining how aurora is near is evolving.

Aurora is an EVM built on the NEAR Protocol, delivering a turn-key solution for developers to operate their apps on an Ethereum-compatible, high-throughput, scalable and future-safe platform, with low transaction costs for their users. It breathes in new life in to your apps.

At Aurora, they have an ethos of relentless and transparent execution. In that regard, users will be able to find the current status of their development activities, along with links to their weekly live-streamed Alpha Leak session, and associated update posts.

Aurora, an Ethereum scaling solution that allows projects built on Ethereum to utilise the cutting-edge technology of NEAR, is launching its own DAO.

AuroraDAO will hand over key decision making to its community as a part of its vision to create a scaling solution that is as decentralized as possible.

The governance of any smart contract is an important aspect of decentralized and trustless design, especially when it comes to upgrades. AuroraDAO will ensure that improvements or changes to smart contracts are done with community involvement.

AuroraDAO will consist of a council of seats, with seat holders being able to vote on proposals that govern the contracts the scaling solution uses.

Sergej Kunz, co-founder of 1inch Network expressed, We see a huge potential in the DAO model and fully support the Aurora team. We are excited to become a member of AuroraDAO in order to build a truly decentralized future while actively participating in governance processes.

1inch Network is a distributed network for decentralized protocols on Ethereum, BSC, Polygon, OE and Arbitrum.

Franklin Bi, a partner at Pantera Capital expressed, “We are thrilled to join AuroraDAO because value-add governance will be important to help Aurora achieve its goal to bring Ethereum compatibility and scalability for decentralized applications,”

At present, AuroraDAO includes NEAR and Ethereum ecosystem representatives, as well as early Aurora investors. They are planning to expand the list of AuroraDAO members to achieve even more decentralization over time.

Alex Shevchenko, CEO of Aurora Labs expressed, “Aurora from the very beginning was sharing the values of the Ethereum community with decentralization at their core,”

Aurora are happy that this vision is now implemented and they anticipate productive and collaborative work towards the Aurora goal of extension of the Ethereum economy.  The Turnkey solution made possible by Aurora is loved by all developers.