ParaSwap officially rebranded to Velora shortly after a narrow DAO vote to return Bybit hack-related fees.

Description

The rebranding of ParaSwap to Velora was announced on April 3, 2025, and was closely linked to a contentious governance decision involving the return of funds tied to the Bybit hack.

Event date

Apr 3, 2025 - 12:00am

Quotes that support claims

Decentralized exchange aggregator ParaSwap has rebranded to ‘Velora,’ the company announced Thursday, signaling a major change in both name and platform.

On March 20, after a heated debate, ParaSwap’s DAO voted to return the fees to Bybit, marking the narrowest vote in the platform’s history.

Tags

Week 14 of 2025