CRYPTO:PSPUSD

Paraswap Usd Stock News

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$0.0012
-0.0000321 (-2.70%)
At Close: Jun 03, 2026
TL;DR Velora replaces its PSP token with VLR, unifying its model into a single asset and aligning incentives for users and developers. The migration from PSP to VLR is 1:1, gasless, and offers additio
While migration to VLR is open for at least a year, PSP immediately loses governance, staking, and rewards utility.
Velora (formerly ParaSwap) unveiled VLR, a governance-cum-staking token that will replace the PSP token at a 1:1 ratio.
The decision to compensate victims is a very important step toward the project's sustainability in the long run.
ParaSwap paused the V6 API soon after discovering the vulnerability and secured the potential victims' funds through a white hack. Plans to reimburse potential victims are underway.
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