Vessel 

What is Vessel Finance?

Vessel (Vessel Finance) is a zero-knowledge proof-powered decentralized exchange built on Scroll, an Ethereum zkEVM Layer 2. The protocol brings CEX-style orderbook trading on-chain: a spot orderbook, perpetual derivatives, and a verifiable AMM-embedded limit order book (VAELOB) where liquidity providers set custom market-making ranges. Vessel targets active traders who want orderbook execution without centralized custody. Per the project's documentation, the team describes Vessel as evolving toward a Layer 3 network for DeFi, with testnet opening in June 2024.

How does Vessel's ZK orderbook trading work?

Vessel matches orders through self-developed ZK circuits that process order matching off-chain and settle proofs on Scroll. The project claims zero gas fees and thousands of transactions per second for traders. Liquidity comes from VAELOB — a hybrid design where an automated market maker is embedded directly into the limit order book, so liquidity providers can set custom market-making ranges while limit-order traders interact with pooled liquidity.

Is the Vessel token launched?

No. Vessel has not held a token generation event, and no TGE date has been announced. No token contract exists on any chain, and the project has published no emission model, allocation, or token utility. DropsTab classifies Vessel as not yet trading. Any VSL price or circulating-supply figure circulating before an official TGE is speculative — no data provider has published a verified supply metric.

Does Vessel have a published token supply?

No. Vessel's total supply and maximum supply are not publicly disclosed, because no token has been created. The team has not announced an allocation split between team, investors, ecosystem, and community. Until a TGE occurs with published tokenomics, no supply metric for Vessel can be verified.

What does Vessel's vesting status mean for investors?

Vessel has no published vesting schedule. No allocations have been disclosed, so no cliff dates or scheduled unlocks exist to track today. The risk sits ahead: when a TGE happens, seed-investor unlocks from the August 2024 seed round would be the likely inflation vector — concentrated early-investor supply releasing into a token with no trading history.

Who are the Vessel investors and how much did Vessel raise?

Per DropsTab data, Vessel raised $10M in a single Seed Round on August 8, 2024. The investor list spans Sequoia Capital, Avalanche Foundation, Folius Ventures, IMO Ventures, Incuba Alpha, Algorand Foundation, Scroll itself, and angel investor Sandy Peng. Stated use of funds covered improving liquidity efficiency and developing advanced ZKP solutions for DeFi.

Is Vessel's $100 million valuation confirmed?

No. Media coverage widely quotes a $100 million valuation for Vessel, but the founders have not confirmed the figure, and DropsTab marks its automatically computed valuation as inaccurate. Sequoia Capital's lead status is also unconfirmed — crypto.news describes Sequoia as leading the round, while DropsTab lists no investor as lead. Both figures should be treated as unverified.

What was the Vessel Voyage points campaign?

Vessel Voyage was the first incentive program on Scroll mainnet, started by Vessel on August 10, 2024. Participants traded and added liquidity on Vessel to earn points, with a Voyager Badge as a participation marker. The campaign has ended. Vessel Voyage was the protocol's only recorded earning campaign.

Did the Vessel Voyage campaign guarantee a Vessel airdrop?

No. Vessel never announced an airdrop distribution, a snapshot, or a TGE. Per third-party airdrop guides, eligibility involved depositing at least $50 and minting the Voyager Badge on Scroll. Coverage widely read the points program as groundwork toward a future airdrop, but points converted to nothing announced — the campaign closed with no token event following it.

Can you buy the Vessel token yet?

No. Per DropsTab data, Vessel has zero spot, derivative, and DEX markets, and no token contract has been deployed. No exchange listing or liquidity pool for VSL can exist before a token generation event. Trading becomes possible only once the project deploys a contract and lists markets.