the cross-chain trading protocol ParaSwap has officially been renamed Velora, and has launched a new governance token VLR to replace the original token PSP. With the launch of VLR, the functions of PSP in governance, staking, and rewards will be terminated immediately. The team stated that VLR will be integrated into a single asset model, adopt a gas-free mechanism, and directly link rewards and protocol income through a unified staking center on Base to achieve a more transparent and sustainable incentive model.
