Introducing Vessel
Last updated
Last updated
As the crypto space continues to evolve, traders are always on the lookout for the next big thing that will offer them an edge. Introducing Vessel, a Zero-Knowledge(ZK) powered decentralized exchange that is gradually evolving into a comprehensive Layer 3 network for DeFi.Vessel combines the efficiency and user-friendliness of centralized exchanges (CEX) with the transparency and security of decentralized platforms (DEX). Our philosophy is straightforward: leverage the trustlessness of blockchain while ensuring the performance and user-friendliness of traditional trading systems. To perfectly balance this security and efficiency, we’ve self-developed our core ZK-Proof circuits that allow us to perform order matching, verifiable AMM-embedded limit order book (VAELOB), and self-custody asset management. Beyond the main features, we are committed to continuous innovation in margin trading, and expanding to multi-chain, addressing liquidity fragmentation. Vessel is not just launching a secure trading platform; we’re evolving into a comprehensive DeFi Layer 3 solution. By lowering the threshold for DeFi, and providing various optimized solutions, we believe Vessel caters to diverse trading needs and we are ready to embrace the mass adoption in cryptocurrency trading. Explore what Vessel offers by visiting our testnet at . Join us as we approach our mainnet closed alpha launch next month, and get your early access to our amazing features.
Vessel addresses the critical pain points faced by traders on existing platforms by offering a secure, transparent, and efficient trading environment. Here’s why Vessel stands out:
Asset Security: With the “Not Your Keys, Not Your Coins” principle, users maintain full control of their assets through cryptographic keys. This self-custodial approach ensures that your funds are secure and under your control at all times.
Transparent Executions: Vessel deploys ZK proofs through smart contracts, providing verifiable transactions. To maintain transparency and perform well under public scrutiny, Vessel plans to open-source its ZK circuits and smart contracts for public audits, ensuring reliable executions.
Proven Solvency: Unlike CEXs that rely on user trust, Vessel’s solvency is guaranteed through cryptography and the open-source community, which undergoes rigorous external audits. This approach guarantees financial stability and fosters trust in our platform.
Superior Performance at Zero Costs: Vessel’s performance excels with our swift ZK proof generation process, optimized through ZK proof aggregation mechanisms. This makes zero gas fees truly available for everyone while supporting up to thousands of TPS.
Intuitive User Experience: Vessel offers a user-friendly interface akin to centralized exchanges, simplifying the trading process. This CEX-like experience masks the underlying cryptographic complexities, making it an easy doorway for mass adoption to step into the realm of DeFi.
ZK AMM Integration: Users can provide liquidity with one click on an AMM and flexibly set the market-making range to achieve higher returns. This innovative feature enhances liquidity and trading opportunities for all participants.
Stay tuned as we will soon publish more detailed articles explaining our VAELOB and the technical architecture behind Vessel. More secret weapons to reveal and groundbreaking innovations for you to discover.
Vessel is gearing up for its grand launch in July 2024, and we couldn’t be more excited to welcome traders to experience the future of trading. Mark your calendars for the mainnet closed alpha launch and be ready to participate in our Voyage Incentive Program, designed to reward our early adopters with unique benefits.
DeFi summer revolutionized crypto in 2018, and Vessel will continue pushing the boundaries in the summer of 2024. We believe Vessel will bring better options and a larger stage for the future of finance. Follow us on social media for the latest updates and announcements.
Note: Vessel is currently in the closed alpha testnet phase. These documents provide a conceptual overview of the platform and will be updated regularly. We invite you to stay tuned for the latest developments as Vessel continues to evolve.
🔹[Website] () 🔹[Trade] () 🔹[Twitter] () 🔹[Discord] () 🔹[Telegram] () 🔹[Gitbook] ()
