Another DAO winding down its DAO operations: Velora (previously Paraswap)

What's changing:

- DAO governance stopped. Everything moves to Laita labs, the original operator and protocol dev team.

- $415K DAO treasury transferred to Laita Labs for running protocol

- 20% protocol fee routing to the DAO discontinued. Fees now go to Laita.

- Staking program retired. seVLR loses governance rights.

- Futarchy pilot from October 2025 closed. Usage was limited.

Balancer recently restructured in a similar way: operations moved back to the core team, and the DAO’s scope narrowed.

But one big difference.

Balancer sends 100% of protocol fees to the DAO treasury.

Velora ends DAO fee routing, sending fees to Laita Labs. Shifting value from the DAO to a corporate entity to sustain operations.

As a delegate I get why teams do this.

Velora was hit hard after Aave Labs replaced Velora with CowSwap (and fees dropped sharply).

Money is tight so need funds to survive the bear.

Many DAOs failed to function the way people hoped.

Number 1 priority is survival now.

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