Vessel Finance Launches Mainnet on Scroll with $10M Funding

Aug 12, 2024, 10:00 AM

Vessel Finance has launched its mainnet on the Scroll platform, marking a significant step in the decentralized finance (DeFi) sector. The company, which recently raised $10 million in seed funding, aims to transform DeFi with its innovative layer-3 network and zero-knowledge proofs. Vessel Finance's new platform integrates the speed of centralized exchanges with the transparency of decentralized exchanges through its Verifiable AMM-Embedded Limit Order Book (VAELOB) model. This model is designed to enhance liquidity and fee potential, offering users a more efficient trading experience. The funding round was supported by notable investors including Sequoia and Avalanche.