Velora, the cross-chain DEX aggregator formerly known as ParaSwap, voted to dissolve its DAO and transfer all operations to Laita Labs, the development company that built the protocol. Proposal PIP-77: Governance Evolution & Operational Alignment was approved with 65.8% of votes in favor, 16.78% against, and 17.41% abstentions.
The remaining DAO treasury, approximately $415,000, will be transferred to Laita Labs to cover pending infrastructure costs. The staking program is discontinued, the exit lock period is set to zero to allow immediate withdrawals. The VLR token becomes a pure governance instrument, with no direct value capture, reserved exclusively for structural decisions such as token migrations or new chain deployments.
Laita Labs justified the change by arguing that staking rewards and fee routing had already been inactive for months, and that Velora DAO operated in practice as an off-chain signaling layer while the development team sustained the protocol on its own.
The Velora community expressed its discontent. Member VeloCryptor proposed three alternatives: a revenue share of 5 to 10%, a buyback fund, or a dissolution contingent on revenues remaining low for six to twelve more months. Laita rejected all three. Another member identified as 12342 warned that the proposal turns the token into an instrument with no economic alignment with the protocol’s success.
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