Velora wallet

What is Velora (VLR)?

Velora is the current name of the aggregator that traded for years as ParaSwap, and VLR is the token that replaced PSP in that change. If you are holding something still labelled with the old ticker, it is the predecessor, not a second version of this asset, and the two are connected by a migration rather than by being the same contract. That is the first thing to establish before moving anything.

The protocol itself routes a trade across many liquidity sources at once, and its intent-based side lets a user state the result they want while solvers compete to produce it, which is how swaps happen without the user paying gas in the usual way and with less room for a transaction to be reordered against them. Convenient as that is inside the app, it does not extend to your wallet: an ordinary VLR transfer is an ordinary transaction and is paid for in the native coin of whichever network you send it from, ETH on Ethereum, Optimism and Base, BNB on BNB Smart Chain.

That multi-network footprint is the other thing to watch. VLR exists on several chains as distinct balances, and on every EVM chain an address is written the same way, so nothing about an address tells you where the other side is watching. Supported networks in Tangem (4): Base, Ethereum, Optimism, BNB Smart Chain. The app tracks each chain's balance on its own and puts the outgoing network in front of you on the signing screen, leaving the final call where it belongs. Holding one asset in four places is easier when the wallet never blurs them together.