According to the official announcement from the ParaSwap (PSP) team, the current PSP tokens will be migrated to Velora (VLR) token at a 1 PSP : 1 VLR ratio. Gate will support this token migration and provide swap service for users. User’s PSP tokens on Gate will be automatically swapped.
Gate will take the following steps:
- At 02:00 on September 15, 2025 UTC, Gate will suspend ParaSwap (PSP) deposit, withdrawal, and trading services, including the PSP_USDT spot pair, quantitative grid trading.
- For users with active quantitative trading strategies involving PSP, please adjust strategies in advance. All active strategies will be forcibly terminated before 02:00 on September 15, 2025 UTC.
- New Velora (VLR) ID: 0x4e107a0000db66f0e9fd2039288bf811dd1f9c74 (ETH)
For more details on this token migration, please refer to the official announcement:
https://x.com/VeloraDEX/status/1930331954517553472
https://snapshot.box/#/s:paraswap-dao.eth/proposal/0x86a61d319e94c298f733ceb3727f5810201df5c3161733cbbc08a5aedff933cf
https://x.com/veloradex/status/1930352874451808582?s=46
Please note that Gate will no longer support the old ParaSwap (PSP) tokens after the migration. The listing time for Velora (VLR) will be announced separately after Gate completes the listing review.
We understand this change may cause some inconvenience and sincerely apologize for any disruption caused. We are committed to ensuring a smooth swap process and will provide timely updates as needed.
Thank you for your support and trust in Gate. If you have any questions or need assistance, please feel free to contact our customer service team.
Gate Team
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