From a different perspective, Dusk is actually filling a key gap in on-chain finance.

In recent years, the most emphasized aspects of blockchain have been "transparency" and "decentralization." But when it comes to securities, bonds, funds, and other financial instruments, complete transparency becomes problematic. How can institutions possibly put all transaction details, holdings, and investment strategies on a public ledger? But if they revert to traditional systems, they lose the benefits of on-chain settlement and verifiability. This creates an awkward "neither here nor there" situation.

Dusk's solution is actually quite simple. By using zero-knowledge proof technology, it separates the results from the process: whether rules are followed can be verified; the specific data is only visible to authorized viewers. Privacy is no longer a black box operation but a verifiable state. In plain terms, rather than showcasing encryption technology, it's about bringing the on-chain information isolation mechanisms used in real-world finance onto the blockchain.

From experimental data, this layered disclosure model strikes a good balance between performance and compliance. Verification costs are manageable, audit paths are clear, and interfaces are reserved for regulators. For financial institutions, this is often more attractive than just increasing privacy strength.

Following this logic, the DUSK token is actually a tool for maintaining network order, not just a transaction fuel. Validators participate in consensus, essentially endorsing a compliant and privacy-friendly infrastructure.

Honestly, Dusk's story isn't very flashy, and it doesn't directly solve retail investors' most straightforward money-making issues. But if on-chain finance truly aims to connect with the real world, projects that thoughtfully consider rules, privacy, and verification like this may be reevaluated at some point.