Have you noticed this phenomenon—major public chains waving the subsidy stick to smash the ecosystem, creating a lively scene? Once the hype subsides, hot money recedes like a tide, but the value remaining on the chain is minimal. Where does the root cause lie? Frankly, many chains haven't figured out how to truly let assets settle down from the beginning.

Recently, after looking into Dusk Network's approach, I realized what it means to see things from a different perspective. Instead of getting caught up in superficial articles about "ecosystem prosperity," it is working on a more fundamental task: redefining a chain's attractiveness to assets. It’s not about competing for those impatient hot funds but targeting real needs for on-chain traditional financial assets—compliance and privacy, the two hard indicators.

Let’s analyze carefully. What is the biggest concern when bringing assets like bonds and private equity on-chain? Excessive transparency can backfire, turning into a risk—strategy exposure and regulatory dilemmas follow. Dusk uses zero-knowledge proof technology to shield privacy. But that’s not enough. Privacy alone can turn into a black box, making institutions’ legal teams even more hesitant to touch it. So, its secret weapon is—"programmable compliance." Through modular design, it turns audit rules and regulatory logic into customizable, verifiable on-chain components. Asset issuers set the rules themselves: who can hold, when they can trade, what restrictions apply. This creates a "free market within a framework."

The result is a strong value anchoring: the more genuine the assets, the more complex the issues, and the higher the value, the more useful infrastructure like Dusk, which inherently possesses privacy and compliance capabilities, becomes.