Velora Launches VLR Token, Expands to Base Network as Crypto Rebranding Wave Intensifies

Velora (formerly ParaSwap) unveiled VLR, a governance-cum-staking token that will replace the PSP token at a 1:1 ratio. In a press release shared with BeInCrypto, Velora said that the new asset will power “intent-native” order flow across nine chains, including a fresh deployment on Coinbase’s Base network. Velora’s Next Act: Staking Rewards, and a Home on Base Beyond a simple ticker swap, the new coin is wired directly into protocol utility. VLR will enable paying staking rewards in proportion to the liquidity that a user supplies source: https://beincrypto.com/velora-unveils-vlr-token/