The new VLR token by Velora is powered by a seamless one-click interface that enables users to swap tokens without paying gas fees.
Cross-chain decentralised trading protocol Velora announce the launch of its new governance and staking token, VLR, and a strategic expansion to the Base blockchain.
The VLR token, which replaces the current PSP token at a 1:1 ratio, is designed to provide direct protocol-tied utility in addition to participation in a thriving governance ecosystem. Staking rewards are determined by liquidity contribution, incentivising deeper engagement on the chain where users are most active.
In a move to accelerate adoption, 10% of the total VLR supply has been allocated to migration incentives and ecosystem growth. The window will remain open for three months, offering sufficient time for the community to transition.
Velora’s decision to expand to Base is also due to reduced gas costs, faster transaction execution, and strong alignment with the broader Superchain ecosystem. This indicates Velora’s next chapter as a protocol deeply rooted in community governance and designed for the intent-driven future of DeFi. The roadmap ahead includes enhanced staking mechanics, multi-chain user flows, and deeper integrations with Superchain infrastructure.
As part of the token launch initiative, Velora is launching a four-week Trading and Staking Competition leading up to the migration. Participants can earn exclusive digital badges, invite friends to share in their trading volume, and climb the leaderboard to earn VLR rewards
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