> For the complete documentation index, see [llms.txt](https://vesselfinance.gitbook.io/vessel/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://vesselfinance.gitbook.io/vessel/vaelob.md).

# VAELOB

Vessel’s groundbreaking VAELOB (Verifiable AMM-Embedded Limit Order Book) model uniquely merges the traditional order book functionality with AMM pools, heralding a win-win future for both traders and liquidity providers. 

We believe that Vessel has the potential to be a game-changer for both CEX and DEX by significantly improving capital efficiency without compromising on the simplicity and effectiveness of user interactions.

In this section, we will reveal how it is implemented under the hood.