Velora (formerly Paraswap) releases a new governance proposal: close the DAO treasury and use the remaining balance to pay for infrastructure services.

Foresight News reported that Velora (formerly Paraswap) has released a new governance proposal with key changes including: focusing on VLR token structural decisions; terminating the staking program and ceasing reward distribution; closing the DAO treasury and using the balance to pay for infrastructure services; stopping DAO-level fee routing; and updating multisig configuration to match the scope of governance. The proposal states that these changes will not alter the token supply, unlocking schedule, token distribution, or VLR's transferability. In the future, governance will focus on structural decisions affecting the VLR token, while protocol operations and infrastructure will continue to be supported by the project development team.