Velora announces the deactivation of PSP tokens and the launch of VLR to take over governance

Velora (formerly ParaSwap), a cross-chain trading protocol, has officially launched its new token, VLR. Effective immediately, PSP (Property Spreadsheet) will lose its governance, staking, and reward functions. Starting September 16th, users can migrate their PSP, sePSP1, and sePSP2 to VLR at a 1:1 ratio, free of gas. The migration window will be open for at least one year, and those migrating before December 16th will receive additional VLR rewards.