In short, the answer is no.
VVCR takes in streams and transmuxes them to different streaming protocols. Transmuxing is the process of re-packaging a stream into a new structure. During this re-packaging, VVCR does not modify the encoded video being transmitted.
What does this mean for you? VVCR is like a transparent digital patch point in your signal flow. You need to encode in the settings that you want to decode down the line, no matter the protocol.
For example, if you want to stream SRT up to VVCR, but send RTMP to a social channel, make sure the SRT stream is in an encoding format that is supported by the social channel.