Vessel's Roadmap for the Future of DeFi
Last updated
Last updated
Vessel’s mainnet launch is imminent, marking the beginning of an exciting voyage. We have outlined our key milestones and will continue to push the boundaries of zero-knowledge techniques and decentralization in DeFi.
Our goal is to make computation more reliable and privacy-preserving while building scalable and innovative financial tools catering to user needs. This will help us navigate towards a multi-chain future, ensuring a more secure, efficient, and interconnected decentralized financial ecosystem.
VAELOB: Verifiable AMM-Embedded Limit Order Book
In the DeFi summer of 2018, Automated Market Makers (AMMs) were the fundamental building blocks of DeFi, defining token prices and providing liquidity across the DeFi ecosystem. In 2024, as DeFi matures, Vessel’s new design of VAELOB shares liquidity between traditional order books and AMM pools, making it efficient for everyone to provide liquidity and earn trading fees.
During Q1 and Q2 of 2024, this strategic integration was solidified as our testnet ran smoothly, combining the features of spot trading and AMM. We are excited to unveil these new features at the mainnet launch!
To read more details, please visit our GitBook:Vessel GitBook.
Perpetual Trading
Perpetual trading is popular on centralized crypto exchanges, but making it work with smart contracts has been challenging. Targeting Q3 and Q4, we’re focused on incorporating perpetual trading within our ZK framework, leveraging off-chain data oracles and sophisticated orderbook mechanics to enhance trading dynamics.Yes, perpetual trading on Vessel is happening soon!
Addressing Liquidity Fragmentation
In the world of multiple blockchains, liquidity is often spread too thin, which creates a huge gap in UX even for the same DeFi Protocol.
Liquidity fragmentation results in insufficient depth in trading.
Moving assets between chains takes time, incurs gas fees, and comes with risks associated with bridges.
CEXs are gifted in solving such problem as they are generically capable of supporting multichain liquidity aggregation. But the same solution for DEXs comes with technical challenges.
Through ZK techniques, we are able to combine the strengths of CEXs, and serve the multichain of DeFi. By pooling liquidity from different chains into one market, Vessel is making transactions smoother and more efficient while ensuring asset security with zero trust.
Vessel is continuously exploring innovative solutions to shape the future of DeFi:
Decentralized Sequencer
Sequencers are crucial in processing transactions and operations. While a centralized sequencer is powerful in terms of speed and efficiency, it often leads to censorship issues. Miner Extractable Value (MEV) and front-running also result in negative user experiences.
We aim to change this by building Vessel sequencers that are powerful and efficient while embracing decentralization. Not only is this the blueprint for us and other Layer 2 or Layer 3 rollups, but it is also our dedication to provide solutions that traditional smart contracts cannot, breaking through limitations and setting new paradigms for the industry.
Privacy-Preserving Data Availability
Traditional Data Availability (DA) solutions often risk exposing user data, giving transparency to completely unrelated parties. This does not fit the picture of user-owned data in Web3, and exposing privacy is detrimental to the foundation of decentralization.
We value user privacy, and through Multi-Party Computation techniques, we are establishing new standards to keep users’ data private while ensuring its availability. Both privacy and security are indispensable in the long run.
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.
