Velora DAO winds down, transferring treasury and operations back to Laita Labs
𝕏/@DefiIgnas •
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Promote with Leviathan News$415K treasury for a protocol that routes billions in DEX volume — that number alone tells you the DAO never had real economic leverage over Laita Labs to begin with. Killing staking rewards and stripping seVLR of voting power less than a year after the PSP→VLR migration means token holders ate the friction of a rebrand only to get diluted out of governance. Between this and Balancer's entity shutdown last month, Q1 2026 is quietly becoming the quarter where mid-cap DeFi teams admit the DAO wrapper was always a liability shield, not a decentralization mechanism.
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More coverage
- DeFi | Velora (ParaSwap) Becomes Latest DAO to Wind Down ... (bitcoinke.io)
- Velora DAO Approves Wind-Down and Treasury Transfer to Laita ... (binance.com)
- Velora DAO Approves Wind-Down and Treasury Transfer to Laita Labs (binance.com)
- Velora DAO Votes to Wind Down, Hand Operations to Laita Labs (thedefiant.io)
- DeFi | Velora (ParaSwap) Becomes Latest DAO to Wind Down ... (mexc.com)
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