# VLR is Live!

By [Velora Community](https://paragraph.com/@veloracommunity) · 2025-09-23

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**Author: Velora Growth Committee (VGC)**

TL;DR
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*   **VLR launched on Sept 16** with a simpler, all-in-one token model for staking, governance, and rewards. Gasless, one-click migration is live on Ethereum Mainnet, OP Mainnet, and Base.
    
*   **Migration paths:** PSP and sePSP1 convert **1:1** to **VLR**; sePSP2 upgrades to **seVLR** with added incentives. Early migrators receive a bonus, with incentives running until Dec 16th, 2025.
    
*   **Why it matters:** VLR consolidates staking + governance, aligns rewards with real protocol revenue, and sets the stage for Superchain expansion, deeper liquidity, and an enhanced staking model.
    

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What changed (and why)
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Velora’s upgrade to VLR streamlines how the protocol works: one token now powers stake, vote, and earn, replacing the prior split across PSP and sePSP variants. This reduces complexity, improves user outcomes, and moves rewards toward revenue-based distribution.

**Highlights**

*   **One token for everything:** VLR unifies staking, governance, and rewards.
    
*   **Gasless migration:** One click to migrate and (re)stake.
    
*   **Real yield alignment:** Rewards tied to protocol performance.
    

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How to migrate
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*   **Who should migrate:** Holders of PSP, sePSP1, sePSP2. Post-upgrade, PSP remains an ERC-20 but is no longer supported for Velora staking/governance.
    
*   **Paths:**
    
    *   **PSP → VLR** (1:1)
        
    *   **sePSP1 → VLR** (1:1)
        
    *   **sePSP2 → seVLR** (upgraded, incentivized)
        
*   **Timing:** Early migration includes a bonus; incentives run through Dec 16, 2025.
    
*   **Where:** Use the official [migration tool](https://app.velora.xyz/#/migrate) in the Velora app.
    

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What’s next on the roadmap
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Post-migration, priorities include:

*   **Deeper Base/Superchain integration**
    
*   **CEX listings** and liquidity expansion
    
*   **New staking model** with enhanced reward mechanics
    
*   **Ecosystem growth** powered by intents-based execution and simplified token mechanics
    

The launch of VLR marks the final step in transitioning ParaSwap into Velora, an intents-based crosschain DeFi trading protocol. VLR is meant to consolidate staking, governance, and introduce rewards based on real protocol revenue with a utility-driven incentive system.

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Call to action
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If you hold **PSP/sePSP/sePSP2**, migrate to **VLR/seVLR** using the official Velora migration flow to unlock staking and governance, and capture the early-mover bonus while it lasts.

Migrate 🐾 [https://app.velora.xyz/#/migrate](https://t.co/R2WTNbC8dN)

Migrate & Stake 🔒 [https://app.velora.xyz/#/earn/v3](https://t.co/u3NzVySCws)

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*Originally published on [Velora Community](https://paragraph.com/@veloracommunity/vlr-is-live)*