VeloraPrice

(VLR)

To migrate from PSP to VLR, users should use the official, gas-less, one-click migration tool available at the Velora dashboard. The migration follows a 1:1 ratio. While the migration window remains open for at least one year from the September 2025 launch, those who complete the process before December 16, 2025, are eligible for additional bonus VLR rewards. This process applies to all holders of PSP, sePSP1, and sePSP2 to ensure they maintain governance rights and reward eligibility within the new ecosystem.

Unlike standard aggregators where users manually select a specific route, Velora's intent-centric model allows users to simply express a desired outcome, such as a minimum amount of tokens they wish to receive. A network of competitive off-chain agents, known as "Solvers," then competes to find the most efficient way to fulfill that intent. This architecture significantly improves the user experience by providing protection against MEV (front-running) and ensuring users do not waste gas fees on failed transactions.

VLR serves as the backbone of the Velora ecosystem. Holding the token grants governance rights, allowing users to vote on protocol changes, fee structures, and new chain integrations. A major upgrade for VLR is its revenue-sharing model; 80% of all protocol earnings are distributed back to VLR stakers. To optimize efficiency and reduce costs, the staking hub has been unified on the Base network, although the protocol maintains its cross-chain functionality to serve a wide range of users.

Security is a top priority for Velora. The project's smart contracts have undergone rigorous independent audits to ensure robustness. Furthermore, Velora builds upon the secure foundation of ParaSwap, which historically managed significant volume without a major protocol breach. This legacy of security provides a reliable framework for the new VLR token and the underlying intent-centric infrastructure, giving users confidence in the safety of the platform.

The Velora ecosystem has a maximum supply of 2,000,000,000 (2 billion) VLR tokens. Because the project launched as a migration from its predecessor, approximately 1.9 billion tokens are already in circulation as of the transition. The remaining 10% of the total supply is specifically reserved for migration incentives and long-term ecosystem growth. This structure ensures that the transition from the legacy token is well-supported while providing necessary resources for future protocol development.

Velora (VLR) is available on major trading platforms, including LBank. While the project has unified its staking and core operations on the Base network (a Layer 2 solution) to minimize costs, it remains a multi-chain protocol. It supports major networks such as Ethereum and Optimism, allowing users to interact with the protocol across various blockchain environments while benefiting from the liquidity and professional support provided by LBank for the VLR token.