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Velora Token Migration Tutorial

Velora is migrating from PSP to VLR, and users can upgrade their tokens in just one click at velora.xyz.

Updated this week

Velora is moving to a new token: VLR. To continue earning rewards and keep your staking positions, you’ll need to migrate your PSP tokens to VLR.

The good news? We’ve made it effortless. With our one-click migration tool, you can:

  • Upgrade PSP to VLR instantly

  • Keep your staking positions if you’re already staking

  • Migrate and stake directly on Base, with zero gas fees

  • Unlock bonus rewards if you migrate before December 16th, 2025.

Why migrate?

  • sePSP1 and sePSP2 is discontinued → rewards will only be distributed in the seVLR pool.

  • Pooling boost reset → ParaBoost will be replaced by a new Velora Boost.

  • No migration = no rewards → staying in PSP, sePSP1 or sePSP2 means you stop earning

Step 1: Access the Migration Tool

  1. Go to the VLR Migration tool.

  2. Connect your wallet

Step 2: Migrate or Migrate and Stake your Tokens

  • Option 1: Migrate your PSP or sePSP1 into VLR

  • Option 2: Migrate and stake your sePSP2 position in one click

Simple migration

If you're a PSP or sePSP1 holder, you'll be able to migrate your tokens to $VLR.

  1. Click on Migrate to VLR

  2. Stay on the Migrate tab

  3. Select the token you wish to migrate (PSP or sePSP1)

  4. Select the destination network. Crosschain migration is available for PSP.

  5. Click on Migrate and confirm in your wallet.

Migrate and Stake

We encourage our users to migrate and stake their PSP or sePSP1 Tokens.

To do that:

  1. Select the Migrate & Stake tab instead.

  2. Select the token you wish to migrate and stake (PSP or sePSP1)

  3. Add the amount of WETH needed to stake.

  4. Confirm in your wallet

  5. ✅ Done! VLR has been staked and turned into seVLR.

sePSP2 Stakers

The process for sePSP2 stakers is much simpler.

Migrate and Stake

  1. Head to app.velora.xyz/earn

  2. Go to the Migrate tab

  3. Select sePSP2 as the origin token.

  4. Pick the Staking network.

  5. Click on Stake. Thanks to our gasless solution, you’ll be able to stake in your preferred chain, with one click and zero fees.

Rewards

  • If you migrate before December 16th, you’ll receive extra staking rewards

  • Rewards are distributed in VLR

FAQs

What happens to my sePSP?

  • sePSP will be discontinued. To keep earning, you must migrate to seVLR

Will I lose my staking position?

  • No. Your existing staking positions will carry over to VLR

What if I don’t migrate?

  • You’ll stop receiving rewards

Do I need to pay gas fees?

  • No. Migration and staking on Base are gasless for a limited time period.

⚡️ Migrate today, secure your rewards, and start earning VeloraBoost.

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