Techub News: Velora (formerly Paraswap) has released a new governance proposal, with major changes including: focusing on structural decisions for the VLR token; terminating the staking program and stopping reward distributions; closing the DAO treasury and using the remaining funds to pay for infrastructure services; halting DAO-level fee routing; and updating multi-signature configurations to match governance scope. The proposal states that these changes will not modify the token supply, unlock schedule, token distribution, or the transferability of VLR. Moving forward, governance will focus on structural decisions affecting the VLR token, while protocol operations and infrastructure will continue to be supported by the project development team.

VLR5.02%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin