About Vest
Vest: v. confer or bestow (power, authority, property, etc.) on someone.
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Vest: v. confer or bestow (power, authority, property, etc.) on someone.
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Vest is a trustless, composable financial ecosystem built on top of zkRisk - a zero-knowledge, unified risk engine. Vest’s design enables extreme capital efficiency by surfacing and quantifying all risk in the system without revealing private information.
Vest was conceived because existing financial infrastructure has failed to produce a solution to ensure that risk across an entire system of connected financial products is explicit, trustless, and composable. This inability for participants to properly understand and price risk at best leads to mispriced risk and capital inefficiency, and at worst leads to catastrophic deleveraging and contagion.
Vest envisions a financial system where all participants - from retail to institutions - and all financial products are connected via a unified risk framework.
zkRisk is Vest’s transparent, risk-based pricing engine. Instead of simply using manual interventions, open interest (OI) caps, and auto deleveraging (ADL), Vest’s zkRisk engine continuously monitors individual positions, account exposures, and system-wide risk across all products in the Vest ecosystem to dynamically adjusts pricing with a single objective: minimizing risk—not maximizing profit.
By aligning incentives and unifying pricing, zkRisk:
Prevents market manipulation and other predatory behavior
Ensures stable, predictable liquidity
Reduces hidden trading costs
Prevents socialized losses and auto deleveraging
Participants pay a transparent premium tied directly to the risk they introduce—creating a fair, cost-efficient trading environment over the long term.
Visit and to learn more about Vest’s zkRisk Engine and how risk premia is calculated for Vest Exchange.
Vest is a trustless, composable, unified risk protocol optimized for risk management while enabling deep liquidity and capital efficiency.
Vest’s zero-knowledge architecture bypasses dependency on consensus algorithms, and unlocks scalability far beyond existing infrastructure. Zero-knowledge proofs ensure a provably trustless environment without exposing traders to MEV and achieves near-instant latency while maintaining full decentralization.
Today, Vest Exchange is the first product built on top of Vest’s zkRisk platform, where users can trade on a provably solvent exchange with guaranteed liquidity and no market manipulation. Vest Exchange offers perpetual futures across more than 40 pairs - including crypto, crypto derivatives, commodities, and real world assets - with no open interest caps and more assets being added each day. Spot markets, native borrow/lend markets, coin margin, and other features are on Vest Exchange’s near term roadmap.
As Vest grows, the zkRisk platform building blocks can be used to rebuild the entire traditional financial stack on a trustless, composable foundation - where risk is explicit and truly trustless.
Vest Labs is a core contributor helping support the development and growth of Vest.
The Vest Labs team has prior experience in proprietary market making and decided to build Vest after their own experience with existing centralized and decentralized exchanges revealed an opportunity to design a better framework to ensure liquidity without compromising pricing and risk. The team developed zkRisk in 2023 as a novel framework and received backing from Jane Street, Selini, Amber, QCP, BBH, IVC, and executives from Citadel, BlackRock, and HRT.
The Vest Labs team believes in building in public and alongside the community, and is accessible in the Vest Discord Server and on x.com/vestexchange.
