Sorry if I am asking the obvious: is it know how Proton works? Apparently it is proprietary - how would the situation change if they released it as open source?
Proton is open source: https://github.com/ValveSoftware/Proton
It would probably make Vulcan obsolete; however, Vulcan and Proton are kind of redundant - its just the licenses are different, so Proton is not publicly available.
Or is there another issue I am unaware of?
Proton is a software layer that allows Windows games to run on Linux. Among other things, it will convert DirectX calls to Vulkan calls, so that the game can run on a Linux system with Vulkan drivers. Proton and Vulkan are not redundant, one relies on another.