velora

ChainCatcher news, the cross-chain trading protocol ParaSwap has officially rebranded to Velora and 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 cease immediately. The team stated that VLR will integrate into a single asset model, adopt a no Gas fee mechanism, and directly link rewards to protocol revenue through a unified staking center on Base, aiming for a more transparent and sustainable incentive model.PSP remains transferable and usable but will no longer receive official support. Users can migrate to VLR at a 1:1 ratio starting from September 16, with the migration window open for at least one year. Holders of PSP, sePSP 1, and sePSP 2 must complete the migration to continue participating in governance and rewards, with additional VLR rewards available for those who complete the migration by December 16. Velora claims to have processed over $125 billion in transaction volume, with a monthly trading volume exceeding $7 billion in August.

ChainCatcher news, according to official sources, Binance Alpha will launch Velora (VLR), and Alpha trading will start on September 16, 2025, at 19:00 (UTC+8).After trading begins, users holding at least 200 Binance Alpha points can claim an airdrop of 1500 VLR tokens. First come, first served. If the event is not over, the score threshold will automatically decrease by 15 points every hour.Claiming the airdrop will consume 15 Binance Alpha points. Users must confirm their claim on the Alpha event page within 24 hours, or it will be considered a forfeiture of the airdrop.

ChainCatcher news, according to official information, Binance Alpha will launch Velora (VLR) on September 16. Eligible users can claim airdrops using Alpha points on the Alpha event page, and they can claim them once trading is open.