what's velora protocol?
Velora Protocol, formerly known as ParaSwap, is a DeFi trading protocol that aggregates liquidity from over 100 DEXs across multiple chains to enable seamless, efficient swaps. It leverages intent-based trading to offer advanced features like limit orders, multi-asset pathing for deeper liquidity, and chain-abstracted cross-chain swaps without bridges or wrapped assets. The platform integrates multiple bridges such as Stargate Finance and native bridges for Polygon and Optimism to provide optimal routing and execution. Velora focuses on decentralization, transparency, and user outcomes, with tools like gasless trades and MEV resistance. It has processed over $100 billion in volume and recently migrated its governance token from PSP to VLR.
Velora Protocol's DAO considers 20k USDC compensation for a 2024 vulnerability, setting precedent.
Links
x.com/veloradexIntegrated with Ekubo Protocol to enable swap routing through their aggregator.
Integrated Mayan's intent-based architecture for cross-chain swaps to enable faster execution and unified liquidity.
DAO governance addresses whether to compensate a user with 20,107.8 USDC for late claim tied to March 2024 vulnerability, creating potential precedent for future cases.
Boosted Pool migration rewards for sePSP2 stakers end December 15th; migration remains possible afterward without rewards.
USD₮0 goes live on Velora through integration with USDT0, enabling crosschain settlement without bridge hops and providing gasless, MEV-safe transactions with unified liquidity.
An airdrop campaign distributed VLR tokens to more than 500 recipients.
DAO approved Epoch 37 distributions of 32.47 wETH in rewards and 153,717.82 VLR in gas refunds to seVLR stakers on Ethereum, Optimism, and Base.
DefiLlama data shows a P/S ratio of 3.09 for the protocol, placing it in the middle range of compared DeFi protocols and below higher-valued competitors like Hyperliquid at 7.64.
DAO voted to discontinue the Gas Refund Program due to small refund amounts (~$1k/epoch) and operational inefficiency compared to the Reward Program.
DAO proposes creating a VLR/BOLD liquidity pool on Base chain using funds from the existing OP/PSP pool and remaining Season 1 OP grant, with plans to migrate PSP to VLR and acquire approximately $5k of LQTY to stake in Liquity V2 to redirect BOLD incentives through Protocol Incentivised Liquidity.
Integration with f(x) protocol announced, enabling xPOSITION and sPOSITION trades to route through Velora's liquidity aggregation for improved execution and lower slippage.
The protocol confirms seVLR and sePSP2 tokens are not affected by the Balancer exploit targeting V2 Composable Stable pools, and trading on Velora and Velora Delta remains operational.
A new batch of VLR migration rewards is now claimable for eligible sePSP2 stakers who migrated to seVLR.
Protocol expands the number of tokens available for cross-chain trading, increasing the range of assets accessible across networks.
Velora joins the Circle Alliance Program and integrates CCTP V2, enabling native USDC transfers across supported chains without wrapped assets.
Velora Delta goes live on Unichain, enabling cross-chain trading with intent-based functionality on Unichain's infrastructure.
Base Native Bridge integration goes live on Velora, enabling direct Ethereum-Base bridging without intermediaries.
Integration with yoVaults completed, unlocking routing optimization and liquidity aggregation across all yoVaults products.
Community poll selects token buyback as top priority with implementation forthcoming; protocol reports $700k revenue and $21.7B in 3-month trading volume.
Gas refund program launches for sePSP2 stakers who migrated to seVLR, with ETH refunds sent directly to wallets for migration costs exceeding $0.1.
A major protocol upgrade launches today with strong ties to Polygon infrastructure, after processing over $131B in cumulative trading volume.
Partners with Celer Network and integrates cBridge to expand multi-bridge cross-chain trading options.
Records $7 billion USD in trading volume for a single month while integrating Across Protocol and Relay Protocol for multi-bridge trading capabilities.
Launches 2-week promotional campaign offering 50% fee cashback in USDC for cross-chain trades.
Velora is exploring futarchy as a governance mechanism, using prediction markets to make DAO decisions rather than relying on whale voters or delegates.
Token experiences 30.7% price increase after migration to $VLR token is announced.
New Stargate integration enables low-cost cross-chain transfers with guaranteed settlement.
Trading volume surges to $360M daily, marking significant growth milestone.
Fluid DEX Lite achieves $10M+ daily volume milestone, with primary support from KyberNetwork integration.
Integration with Aave introduces automated PT collateral rollover functionality.
DEX protocol now live on SonicLabs and unichain, extending cross-chain capabilities.
New integration with Safe Apps enables direct cross-chain swaps within Safe vaults, expanding institutional access.
New auto-compounding staking feature and token rebrand under DAO consideration.
$VLR reward campaign launches with staking, badges, and XP system; token migration from $PSP to $VLR opens after campaign completion with Base chain integration.
PSP token migration to VLR launches with revenue-sharing rewards, gasless staking on Base pool, and additional incentives for existing holders who participate in migration.
Multiple top-tier DEX aggregators including 1inch, MetaMask, and KyberNetwork integrate protocol for superior gas efficiency and lower fees.
New trustless reward automation system launches through oSnap integration, built by WakeupLabs and secured by UMA Protocol.
Strategic evolution to intent-based crosschain protocol, formerly known as Paraswap
Cross-chain swap functionality now available through Across Protocol integration.
Trading volume of $112.1M trails major competitors by significant margin, with closest competitor at $1.9B.
New cross-chain DEX protocol launches with Across Protocol integration and referral program.
Cross-chain token swaps now live with Across integration, enabling direct inter-chain transfers without bridges.
$USDO reaches $100M TVL within first month of launch, while active "Bills" farming campaign offers up to 10x multipliers across major DeFi protocols.
Major rebranding to Velora DEX with shift to intent-based execution model.
Protocol rebrands to VeloraDEX and introduces intent-based trading after achieving $100B in aggregator volume.
New RFQ Base liquidity from Hashflow expands trading capabilities.
Strategic rebranding to Velora marks expansion with new DEX launch.
New swap contracts deployed across all chains with three protocol integrations; staking yields incoming.
ParaSwap completes rebranding to Velora
New era announced as upcoming, no specific details provided.
Epoch 23 rewards: 29.8 ETH distributed to 4.4k PSP stakers, 854k sePSP1 refunded via Gas Refund Program. New launch on Gnosis chain announced.