Traditional DWS-based micro-rheology measures the high-frequency moduli of viscoelastic fluids by tracking the motion of particle tracers. We extended this concept to vesicle depletion gels where the viscoelasticity arises not only from the interstitial viscoelastic fluid but also from the microstructure of the dispersion. Importantly, DWS measurements allow the direct measure of vesicle motion (bypassing the need for tracers) with essentially no applied stress. There is a broad agreement between the magnitude of the moduli measured with oscillatory rheology and DWS-based micro-rheology demonstrating the general application of this combined technique for studying particle gels. This approach is being used to study collapse rates, aging and delayed collapse of these gels.