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Vessel Finance: Because Who Needs Regulation When You Can Just Hide Your Shady Math Behind Fancy Computer Tricks

DeFiEthereumFeatured 2 Sam Rogers August 13, 2024

An illustration of a ship navigating through stormy waters towards a calm sea at sunset with its sails filled by wind from behind; in front of it is an island representing stability and security while on either side are two smaller ships symbolizing speed and transparency respectively, all connected to the main vessel via ropes signifying balance between them. The background features subtle waves indicating movement but also hints at a sense of calmness as they approach their destination.

Oh boy, another cryptocurrency trying to make it big by promising transparency and efficiency while hiding its true nature of being a bunch of numbers on a computer created from thin air! Vessel Finance is just one more example of the crypto bros’ attempt at making DeFi “cool” again after their last 100 attempts failed miserably. And what’s new about this time? Oh yeah, they’re using ZK-proof technology to pack off-chain computation into SNARK proofs and submit them on-chain! Wow, that sounds like something a real genius would come up with… not

Source: cointelegraph

ZK-powered DEX raises $10M from Web3 heavyweights, launches mainnet
https://cointelegraph.com/news/zk-powered-dex-raises-10m-from-web3-heavyweights-launches-mainnet
With a $10 million seed funding round, Vessel aims to develop a comprehensive DeFi layer 3 to explore ZK solutions and applications and address DeFi challenges like liquidity fragmentation and cross-chain compatibility. One of the primary challenges in the crypto trading industry is striking the right balance between efficiency and transparency. Centralized exchanges (CEXs) offer fast transactions but often lack transparency, leading to concerns about security and trust. On the […]

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About the author

Sam Rogers

Sam’s plunge into the crypto world turned into a brutal farce when he fell for an absurdly obvious scam promising to double his investment. After being fleeced by a slick email con, Sam is left fuming and broke. His writing drips with anger and dark humor as he exposes the outrageous scams and ludicrous promises of the crypto world. His motto: “I didn’t just fall for a scam—I was sucker-punched by an entire industry. If you think crypto is a goldmine, just wait until you see how deep it can dig your grave.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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