Gate Has Completed ParaSwap (PSP) Migration to Velora (VLR) and Launches VLR Trading

According to the official announcement from the ParaSwap (PSP) team, the existing PSP tokens have been migrated to the new Velora (VLR) tokens at a ratio of 1 PSP : 1 VLR. Gate has successfully completed the asset swap, and users can view the details in Transaction History. Gate will start trading for Velora (VLR) on September 17, 2025, at 02:00 (UTC).

Trading Start Time: September 17, 2025, at 02:00 (UTC)

New Velora (VLR) ID: 0x4e107a0000db66f0e9fd2039288bf811dd1f9c74 (ETH)

Please note that Gate will no longer support the old ParaSwap (PSP) tokens. Gate will support deposits and withdrawals for the new Velora (VLR) tokens. Please be aware that after trading is enabled, the market may experience significant volatility. Exercise caution and manage your risk accordingly.

Deposit VLR: https://www.gate.com/zh/myaccount/deposit/VLR
Trading VLR: https://www.gate.com/zh/trade/VLR_USDT

Thank you for your continued trust in Gate . For any inquiries, please contact our customer support team.

Gate Team
September 16, 2025

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