# VLR is Live!

**Published by:** [Velora Community](https://paragraph.com/@veloracommunity/)
**Published on:** 2025-09-23
**URL:** https://paragraph.com/@veloracommunity/vlr-is-live

## Content

Author: Velora Growth Committee (VGC) TL;DR 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. What changed (and why) 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. How to migrate 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 in the Velora app. What’s next on the roadmap 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. Call to action 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 Migrate & Stake 🔒 https://app.velora.xyz/#/earn/v3

## Publication Information

- [Velora Community](https://paragraph.com/@veloracommunity/): Publication homepage
- [All Posts](https://paragraph.com/@veloracommunity/): More posts from this publication
- [RSS Feed](https://api.paragraph.com/blogs/rss/@veloracommunity): Subscribe to updates