VMware NSX-T Data Center
No Gateway IP address is offered from DHCP Server determined by packets capture from both DHCP Server and ESXi host
WorkAround: Change IPv4 Assignment for vTEP from "Use DHCP" to "Use Static IP List"
Resolution: Investigate further on DHCP Server, especially any policies settings
On ESXi 8, Option 3 should be used to offer Gateway IP address
https://knowledge.broadcom.com/external/article/382860/geneve-tunnels-are-down-between-vtep-int.html