TL;DR
- Velora launched VLR, a new token replacing PSP at a 1:1 ratio, adding governance features and distributing rewards based on liquidity provided.
- The project will migrate to Base, Coinbase’s network, attracted by lower costs and faster execution, with a gas-free swap tool active for three months.
- 10% of the total VLR supply will go to migration incentives, aiming to accelerate network effects without relying solely on its existing user base.
Velora announced the launch of its new token, VLR, which will replace the current PSP token at a 1:1 ratio.
The initiative includes staking rewards and will power cross-chain, intent-native order flows, initially supporting nine blockchains. Among them is Base, the network developed by Coinbase, where Velora will also establish its operational deployment.
The new VLR token will incorporate governance capabilities and distribute rewards based on the liquidity each user contributes. As part of the transition, Velora set aside 10% of the total token supply to encourage migration and boost activity across new ecosystems. The plan aims to trigger early network effects without depending exclusively on its inherited user base.
Velora to Migrate to Base
To streamline migration, Velora launched a tool that allows users to swap tokens and bridge to Base with a single click, without paying gas fees. This tool will remain available for three months, designed to simplify the process without extending it indefinitely, maintaining operational momentum and ensuring an orderly adoption.
The decision to move to Base is based on technical and strategic reasons. The network offers lower transaction costs and faster execution times than major chains. Its integration within the Superchain framework also enables direct connections to other compatible environments, simplifying future expansions and service deployments.
Between 2024 and 2025, several projects announced rebrandings. Names like EOS, Fantom, MakerDAO, and Worldcoin went through similar transitions — in some cases to align with new roadmaps, in others to reposition themselves in increasingly competitive markets.
The success of Velora and its VLR token will depend on its ability to maintain clear incentives, uphold transparent tokenomics, and deliver tangible advantages over other available market options
