Gate News message, April 7, Velora (formerly Paraswap) released a new governance proposal. The main changes include: focusing on structural decisions regarding the VLR token; terminating the staking plan and stopping reward distribution; closing the DAO treasury and using the remaining balance to pay for infrastructure services; stopping DAO-level fee routing; and updating the multisig configuration to match the governance scope. The proposal explicitly states that these changes will not modify the token supply amount, the unlock schedule, token allocations, or the transferability of VLR. Going forward, governance will focus on structural decisions that affect the VLR token, and protocol operations and infrastructure will continue to be supported by the project’s development team.
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