Staking VLR
Holders of VLR tokens can get further involved with Velora to help improve the efficiency and decentralization of the service while participating staking their tokens.
If you're still a PSP holder, you can learn how to migrate to VLR on this article.
Users can stake their VLR on the VLR/ETH pool to participate in the system through the Earn tab.
Staking VLR in seVLR allows you to earn incentives for the services you provide to Velora in the form of a portion of the accrued protocol fees.
The more value you add to Velora, the more you can earn, by performing actions such as trading, market making, and referring others to the protocol, you can receive a boost on your stake. To read more about the VeloraBoost, click here.
Staking VLR on seVLR Pool:
Select VLR tokens available
Add WETH or ETH
Select the network (Remember that base is now available)
Unlock VLR and WETH or ETH in your wallet
Confirm stake
For more information about the VLR migration, you can read this article.