Fundraising FoxVelora
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Find your way into Velora
Velora is an intent-based trading protocol for decentralized finance that enables crosschain swaps, limit orders, and gasless trading across multiple blockchains. The platform serves crypto traders, wallet providers, and financial institutions with advanced execution features and decentralized settlement infrastructure.
Also known as ParaSwap · Velora DAO
Investors · 3
Company profile
researched Aug 2026Velora is a cross-chain decentralized exchange (DEX) aggregator, formerly known as ParaSwap, built and maintained by Laita Labs. The protocol routes trades across chains and venues and was governed by the Velora DAO through Snapshot proposals, with a VLR staking program and a share of protocol fees routed to the DAO treasury.
On April 10, 2026, the community approved proposal PIP-77, "Governance Evolution & Operational Alignment," dissolving the DAO and consolidating protocol operations, infrastructure and revenue under Laita Labs. The measure passed with 65.8% support, 16.78% opposed and 17.41% abstentions. It transferred the approximately $415,000 remaining in the DAO treasury to Laita Labs for outstanding infrastructure costs, ended the DAO's 20% protocol fee routing, retired the staking program with the exit lockup set to zero, and closed a futarchy governance pilot that had roughly $19,000 left of an initial $50,000 allocation. VLR became a governance-only token, with Snapshot votes reserved for structural matters such as token migrations, new chain deployments and activation of a 2% annual minting mechanism.
Laita Labs presented the change as aligning governance with existing practice, noting that staking rewards and fee routing had been inactive for months, governance participation had fallen, and the DAO had functioned mainly as an off-chain signaling layer while the development team sustained the protocol.
Business model
Velora operates a cross-chain DEX aggregator protocol. Protocol fees historically included a 20% routing share directed to the DAO treasury alongside a staking program for VLR holders; following the April 2026 restructuring, protocol operations, infrastructure and revenue flow exclusively through Laita Labs, the development company behind the protocol, and staking and fee routing to tokenholders were discontinued.
Traction
DefiLlama data cited in April 2026 showed $2.06 billion in 30-day aggregator volume, ranking eighth in the category. Staking rewards and protocol fee routing had been inactive for months prior to the DAO wind-down, and governance participation had declined.
Latest developments
In April 2026 the Velora DAO voted to wind down and hand operations to Laita Labs under proposal PIP-77, ending fee routing to the DAO and the staking program and reducing VLR to a governance-only token. At the time of the vote, DefiLlama data placed Velora eighth among DEX aggregators by 30-day volume at $2.06 billion, against $11.2 billion for category leader Jupiter, and VLR traded 99% below its post-launch high of $0.06.
▸Full profile — market position, technology, history, risks & controversies
Market position
Ranked eighth among DEX aggregators by 30-day trading volume at $2.06 billion as of April 2026, according to DefiLlama data cited in press coverage, compared with $11.2 billion for the category leader, Jupiter.
Technology
Cross-chain DEX aggregation protocol with on-chain contracts including a 2% annual token minting mechanism; governance conducted via Snapshot, with the April 2026 vote using Shutter to shield results until voting closed.
History
The protocol operated previously under the name ParaSwap before rebranding to Velora. Its VLR token launched in September 2025. Governance was organized through a DAO using Snapshot voting, alongside a staking program and a futarchy governance pilot funded with $50,000. In April 2026, proposal PIP-77 wound down the DAO and consolidated operations under Laita Labs.
Risks & controversies
The PIP-77 wind-down drew opposition from part of the tokenholder community. A member identified as VeloCryptor proposed three alternatives — a 5-10% revenue share, a treasury buyback reserve, or a conditional sunset tied to revenues staying low for another six to twelve months — all of which Laita Labs rejected, stating that even a partial share would reintroduce the complexity it sought to remove. Another member, 12342, opposed the proposal on the grounds that it converts VLR from a token with economic alignment to the protocol's success into a pure governance token with no direct value capture. A supporter, citizen42, backed the team's approach in favor of operational simplicity. Reporting placed the vote in the context of broader strain on the DAO-versus-Labs governance model across DeFi.
Compiled by commissioned research from 3 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 2
launches, deals, and filingsVelora tokenholders approved proposal PIP-77 'Governance Evolution & Operational Alignment' with 65.8% in favor, 16.78% against and 17.41% abstaining, winding down the Velora DAO and transferring protocol operations, infrastructure and revenue to Laita Labs, the development company that built the protocol. Voting opened April 5 with results shielded via Shutter until April 10. The remaining DAO treasury of roughly $415,000 was transferred to Laita Labs to settle outstanding infrastructure costs, the DAO's 20% protocol fee routing was discontinued, the staking program was retired with the exit lockup set to zero to permit immediate withdrawals, and the futarchy governance pilot was closed with about $19,000 left of its original $50,000 allocation. VLR becomes a governance-only token, with Snapshot voting reserved for structural decisions such as token migrations, new chain deployments or activation of the contract's 2% annual minting mechanism.
The VLR token launched in September 2025; as of April 2026 it traded 99% below its post-launch high of $0.06.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 3
primary sources listed
- PhilWeb Ownership Changes to Nexora and Velora Holdingsnews.worldcasinodirectory.com · web
3 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Velora do?
- Velora, formerly ParaSwap, is a cross-chain DEX aggregator whose operations were consolidated under Laita Labs in 2026.
- Who are Velora's investors?
- Velora's investors include Alliance DAO (ex DeFi Alliance), Lemniscap, White Star Capital.