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. 49.56% voted in favor, while 49.54% opposed.
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ParaSwap Rebrands to Velora Following Tense DAO Vote on Bybit Hack Fees
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The rebranding of ParaSwap to Velora came shortly after a highly contentious DAO vote over returning fees linked to the Bybit hack, signaling a strategic reset and shift in direction for the platform.
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