Good evening everyone, did you catch the Dusk official AMA at 9 PM last night on 1/22? Although I didn’t grab the red envelope, I recorded the entire session and analyzed it. CTO Hein Dauven has actually revealed all the trump cards for the next few years during the live broadcast.
This is not a mere vision talk, but a declaration of a 'dimensionality reduction strike' against the traditional financial system. Today, I’ve helped clarify these deep details that have not been simplified.
1. Why are the vast majority of current RWAs 'pseudo-propositions'?
Hein raised a rather spicy and controversial point during the live broadcast: the vast majority of current RWA tokenization in the crypto space is a farce.
Why do you say that? Because many current projects are just 'packaging' assets from the traditional stock market and selling them to crypto people with a transaction fee. This is essentially no different from buying stocks with Robin Hood. The real transformation is not in 'tokenization' but in Native Issuance.
Hein mentioned that the current financial system is still using old technologies from the 1970s. A stock trade goes through five or six intermediaries, such as Central Securities Depository (CSD) and Clearing House, resulting in a transfer error rate of 5% to 10% in the traditional stock market. Under Dusk's architecture, the blockchain acts as the CSD, and settlement is completed instantly, bringing the error rate close to zero. This kind of 'decentralization' can save huge costs, which is the profit space that financial institutions truly value.
2. Dusk EVM and DSDS: Practical layout under the technical dual-track system.
Many juniors are asking why Dusk wants to create an EVM-compatible layer. Hein explained it very clearly: this is about respecting reality.
* DSDS (Mainnet): This is the soul of Dusk, focusing on extreme privacy protection and native financial logic.
* Dusk EVM: This is designed to allow external developers and existing applications to connect seamlessly.
The two are essentially the same network but provide different entry points. The uncle thinks this move is clever: using EVM to capture traffic and ecology, then locking in those top financial institutions with 'obsessive-compulsive disorder' regarding privacy and compliance with the underlying technology of DSDS.
3. The logic of 'native compliance' behind 11.9 trillion USD
We talked yesterday about the 11 trillion USD managed by Schwab, and Hein indirectly responded to this institutional demand during the live broadcast.
He emphasized that what institutions need is not 'complete anonymity' but 'selective disclosure'. Through the Poseidon hashing algorithm developed by Dusk (which even Ethereum founder Vitalik is interested in), institutions can prove their compliance and the sources of their funds while not disclosing business secrets such as trading counterparty and holding details.
A more concrete progress is that the Dutch Stock Exchange NPEX is ready to conduct a native issuance of stocks and bonds worth 300 million euros through Dusk. This is not an experiment; it is already running on the regulatory track (like the EU's DLT Pilot Regime).
4. About token economics: There are no underlying assets with 'VC surprises'.
Finally, let's talk about the currency that everyone is most concerned about. Hein mentioned $DUSK follows 'old-school economics':
* Reasonable allocation: Community and team 50/50, and the unlocking of the team portion was completed as early as 2022, so there is no sudden 'VC surprise' to crash the market now.
* High incentives: Currently, the native staking APR is about 23%, while the liquidity staking provided by partner Soju even has promotional rewards of up to 30%.
Deflation engine: In addition to burning transaction fees, Dusk is also planning 'Protocol Owned Liquidity', which will buy back and inject liquidity through product revenues, essentially supporting the long-term stability of the coin price better than pure burning.
The uncle's ramblings:
After listening to this AMA, my biggest feeling is that Dusk has transformed from a 'privacy technology project' into a complete 'financial vertical technology stack'. They are not competing with L2 for scaling; they are rewriting the rules of financial transactions.
The reward cycle for the 2/28 node is approaching, but the path for RWA native issuance is still long. Once you understand this technical leap from the 1970s to 2026, you will not feel regret over short-term point fluctuations.
Friends who didn't receive the red envelope during the live broadcast at 9 PM tonight, don't cry. Understanding this analysis means you've received a big red envelope for future trends.
