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L'oro e l'argento stanno vivendo un momento d'oro in questo momento, e onestamente, i fanatici dell'oro stanno passando una giornata fantastica. Non stanno solo festeggiando, ma stanno anche prendendo di mira i possessori di Bitcoin, dicendo fondamentalmente: “Visto? Te l'avevo detto.” Con l'oro che infrange nuovi record e l'argento che segna uno dei suoi migliori anni da tempo, i fan degli asset durevoli affermano che questo è il grande momento di “rotazione” che stavano aspettando.
La loro proposta? È piuttosto semplice. Il mondo sembra teso: guerre, inflazione che non si ferma, persone spaventate da azioni e scommesse più rischiose. In tutto questo, oro e argento hanno fatto quello che hanno sempre fatto: hanno mantenuto il loro valore e protetto i soldi delle persone. Nel frattempo, il Bitcoin semplicemente non ha tenuto il passo. Sta lottando per riconquistare l'entusiasmo, e i metalli lo stanno lasciando indietro, anche mentre i mercati continuano a zigzagare.
La folla dei metalli pensa che questo dimostri il loro punto. Quando le cose diventano instabili e il denaro sembra scarseggiare, le persone tornano su ciò che conoscono: asset con una vera storia. L'oro non ha bisogno di un esercito su Twitter, e l'argento non si preoccupa dei flussi ETF. Stanno semplicemente lì, assorbendo silenziosamente la domanda quando la paura prende il sopravvento.
Ma i fan del Bitcoin non stanno comprando il trionfalismo. Dicono, aspetta, il Bitcoin ha attraversato momenti difficili in passato. Ogni volta che le persone lo escludono, trova un modo per tornare a ruggire. Certo, l'oro è caldo in questo momento, ma inizia a sembrare affollato, mentre il Bitcoin sta semplicemente aspettando il suo momento: ciò che sembra una pausa potrebbe in realtà essere denaro intelligente che entra.
Proprio ora, però, il messaggio dell'oro e dell'argento è chiaro: la sicurezza è di nuovo cool. È l'inizio di una nuova era, o solo un altro round nel dibattito infinito oro contro Bitcoin? Lo scopriremo man mano che ci si avvicina al 2026. Per ora, i fanatici dell'oro possono godersi il loro momento al sole.
La loro proposta? È piuttosto semplice. Il mondo sembra teso: guerre, inflazione che non si ferma, persone spaventate da azioni e scommesse più rischiose. In tutto questo, oro e argento hanno fatto quello che hanno sempre fatto: hanno mantenuto il loro valore e protetto i soldi delle persone. Nel frattempo, il Bitcoin semplicemente non ha tenuto il passo. Sta lottando per riconquistare l'entusiasmo, e i metalli lo stanno lasciando indietro, anche mentre i mercati continuano a zigzagare.
La folla dei metalli pensa che questo dimostri il loro punto. Quando le cose diventano instabili e il denaro sembra scarseggiare, le persone tornano su ciò che conoscono: asset con una vera storia. L'oro non ha bisogno di un esercito su Twitter, e l'argento non si preoccupa dei flussi ETF. Stanno semplicemente lì, assorbendo silenziosamente la domanda quando la paura prende il sopravvento.
Ma i fan del Bitcoin non stanno comprando il trionfalismo. Dicono, aspetta, il Bitcoin ha attraversato momenti difficili in passato. Ogni volta che le persone lo escludono, trova un modo per tornare a ruggire. Certo, l'oro è caldo in questo momento, ma inizia a sembrare affollato, mentre il Bitcoin sta semplicemente aspettando il suo momento: ciò che sembra una pausa potrebbe in realtà essere denaro intelligente che entra.
Proprio ora, però, il messaggio dell'oro e dell'argento è chiaro: la sicurezza è di nuovo cool. È l'inizio di una nuova era, o solo un altro round nel dibattito infinito oro contro Bitcoin? Lo scopriremo man mano che ci si avvicina al 2026. Per ora, i fanatici dell'oro possono godersi il loro momento al sole.
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Walrus: Treating Encrypted Blob Consumption as a Metered Resource Class for Sui-Native Applications
One of the largest misconceptions about decentralized storage is that the hard problem is uploading data. For most modern applications especially those leaning into AI workloads, data-rich UIs, decentralized social graphs, or encrypted collaboration the real bottleneck is not storage but consumption.
Encrypted data must be retrieved, sampled, streamed, referenced, or executed against. If consumption is invisible, unpriced, or unverified, the system inevitably collapses into subsidized backend assumptions that resemble Web2 cloud models. Walrus refuses that illusion. It treats encrypted blob consumption as a metered resource class, making consumption a part of the settlement surface rather than a background freebie.
Why Consumption Matters More Than Persistence in Modern Workloads
In traditional decentralized storage models, durability is the primary design axis:
“Is the file still there?”
But encrypted blob-based workloads introduce a second axis:
“Can we actually consume it reliably, privately, and repeatedly without renegotiating trust?
This is where Walrus breaks from the Web2 mental model. AI datasets, media archives, inference artifacts, social graphs, multiplayer game states, and private data feeds aren’t passive archives they are live resources.
They have properties such as:
time-bound access
usage frequency
access privileges
privacy constraints
retrieval latency
consumption entropy
policy enforcement
Treating them as “just data stored somewhere” misses the entire point.
Metering Consumption Instead of Subsidizing It
Web2 cloud providers figured out early that real pricing power is not in storage, but in egress. Data transfer and retrieval are the monetizable choke points. Walrus introduces a similar but cryptographically verifiable version of this logic, tuned for Sui’s execution model and encrypted workloads.
Under Walrus, encrypted blob consumption can accrue:
retrieval costs
policy-enforced access fees
token-gated unlock costs
subscription-like consumption rights
consumption-linked burns for WAL token
This makes data economically tractable rather than a hidden operational subsidy.
Privacy + Consumption → New Application Classes
Consumption-based pricing only works if consumption can happen without leaking content. Walrus enables this by splitting each workflow into three planes:
1. Encrypted Blob Plane — storage of encrypted blob fragments
2. Certificate Plane — proof that consumption is authorized + available
3. Settlement Plane — execution of fees + policy enforcement on Sui
By separating these planes, Walrus allows applications that need:
private data
public verification
deterministic billing
This combination is rare and extremely valuable for enterprise + AI contexts.
Why Sui Makes Consumption Programmable Instead of Passive
On Ethereum-like chains, consumption typically happens off-chain with no verifiable trace. On Sui, consumption becomes object-level programmable state.
A Sui application can:
require retrieval certificates
enforce time windows
enforce consumption caps
attach pricing curves
update consumption state
trigger on-chain settlement events
This enables structures like:
✔ usage credits
✔ dataset leases
✔ token-gated consumption
✔ pay-per-read models
✔ inference tokenization
✔ private multi-tenant data markets
These are not hypothetical they map directly to how enterprise AI workflows already monetize data.
Turning Encrypted Data Into an Economic Surface
Once consumption is metered, encrypted blob data becomes an economic resource class rather than cold storage.
This introduces a new design space:
“Data is not just stored. It participates in the economy.”
In this framing, Walrus is enabling:
value accrual for dataset creators
predictable cost models for consumers
staking economics for operators
governance over pricing models
composability for application developers
This is how decentralized infrastructure matures not by storing files, but by turning consumption into a first-class citizen.
The Broader Implication for Web3 Infrastructure
Most blockchains optimized for:
execution throughput
transaction cost
validator performance
But ignored the reality that scalable applications require persistent and consumable memory. Walrus plugs that gap, enabling Sui to behave like a real application substrate instead of a financial sandbox.
Once data becomes:
encrypted
retrievable
verifiable
programmable
metered
you unlock application categories that Web3 has struggled with for years.
Conclusion
Walrus is not reinventing decentralized storage it is redefining its economics. By treating encrypted blob consumption as a metered resource class, it enables Sui-native applications to scale beyond DeFi into AI, enterprise, and consumer-grade data systems. Consumption becomes visible, valuable, billable, and enforceable. And that is exactly how infrastructure evolves quietly, structurally, and without hype.
@Walrus 🦭/acc #Walrus $WAL
Encrypted data must be retrieved, sampled, streamed, referenced, or executed against. If consumption is invisible, unpriced, or unverified, the system inevitably collapses into subsidized backend assumptions that resemble Web2 cloud models. Walrus refuses that illusion. It treats encrypted blob consumption as a metered resource class, making consumption a part of the settlement surface rather than a background freebie.
Why Consumption Matters More Than Persistence in Modern Workloads
In traditional decentralized storage models, durability is the primary design axis:
“Is the file still there?”
But encrypted blob-based workloads introduce a second axis:
“Can we actually consume it reliably, privately, and repeatedly without renegotiating trust?
This is where Walrus breaks from the Web2 mental model. AI datasets, media archives, inference artifacts, social graphs, multiplayer game states, and private data feeds aren’t passive archives they are live resources.
They have properties such as:
time-bound access
usage frequency
access privileges
privacy constraints
retrieval latency
consumption entropy
policy enforcement
Treating them as “just data stored somewhere” misses the entire point.
Metering Consumption Instead of Subsidizing It
Web2 cloud providers figured out early that real pricing power is not in storage, but in egress. Data transfer and retrieval are the monetizable choke points. Walrus introduces a similar but cryptographically verifiable version of this logic, tuned for Sui’s execution model and encrypted workloads.
Under Walrus, encrypted blob consumption can accrue:
retrieval costs
policy-enforced access fees
token-gated unlock costs
subscription-like consumption rights
consumption-linked burns for WAL token
This makes data economically tractable rather than a hidden operational subsidy.
Privacy + Consumption → New Application Classes
Consumption-based pricing only works if consumption can happen without leaking content. Walrus enables this by splitting each workflow into three planes:
1. Encrypted Blob Plane — storage of encrypted blob fragments
2. Certificate Plane — proof that consumption is authorized + available
3. Settlement Plane — execution of fees + policy enforcement on Sui
By separating these planes, Walrus allows applications that need:
private data
public verification
deterministic billing
This combination is rare and extremely valuable for enterprise + AI contexts.
Why Sui Makes Consumption Programmable Instead of Passive
On Ethereum-like chains, consumption typically happens off-chain with no verifiable trace. On Sui, consumption becomes object-level programmable state.
A Sui application can:
require retrieval certificates
enforce time windows
enforce consumption caps
attach pricing curves
update consumption state
trigger on-chain settlement events
This enables structures like:
✔ usage credits
✔ dataset leases
✔ token-gated consumption
✔ pay-per-read models
✔ inference tokenization
✔ private multi-tenant data markets
These are not hypothetical they map directly to how enterprise AI workflows already monetize data.
Turning Encrypted Data Into an Economic Surface
Once consumption is metered, encrypted blob data becomes an economic resource class rather than cold storage.
This introduces a new design space:
“Data is not just stored. It participates in the economy.”
In this framing, Walrus is enabling:
value accrual for dataset creators
predictable cost models for consumers
staking economics for operators
governance over pricing models
composability for application developers
This is how decentralized infrastructure matures not by storing files, but by turning consumption into a first-class citizen.
The Broader Implication for Web3 Infrastructure
Most blockchains optimized for:
execution throughput
transaction cost
validator performance
But ignored the reality that scalable applications require persistent and consumable memory. Walrus plugs that gap, enabling Sui to behave like a real application substrate instead of a financial sandbox.
Once data becomes:
encrypted
retrievable
verifiable
programmable
metered
you unlock application categories that Web3 has struggled with for years.
Conclusion
Walrus is not reinventing decentralized storage it is redefining its economics. By treating encrypted blob consumption as a metered resource class, it enables Sui-native applications to scale beyond DeFi into AI, enterprise, and consumer-grade data systems. Consumption becomes visible, valuable, billable, and enforceable. And that is exactly how infrastructure evolves quietly, structurally, and without hype.
@Walrus 🦭/acc #Walrus $WAL
Traduci
$DOLO Just Ran a Two-Phase Trader Rotation
The move on DOLO wasn’t just a pump it was a rotation sequence.
The first leg from the 0.040 zone into 0.084 wasn’t driven by mainstream buyers, it was driven by positioning traders the type that buys early, pushes illiquid books, and exits into strength. That’s why the initial expansion candle was vertical and unopposed.
Once they rotated out, the chart didn’t collapse. Instead it transitioned into a mean-rebuilder phase, where liquidity firms up and the token stops being a one-directional trade and instead becomes a negotiation. During that window, value buyers replaced momentum traders and pulled price off the lows without needing news.
Now DOLO is entering the consensus stage where both sides finally agree the asset isn’t mispriced enough to force action. You can see that in the order book: 52% bid-weighted, but not aggressive. This isn’t desperation to buy; it’s willingness to continue holding.
Rotation trades tend to end not when price exhausts, but when participation dries up. DOLO hasn’t lost participation yet it just changed who’s playing.
The move on DOLO wasn’t just a pump it was a rotation sequence.
The first leg from the 0.040 zone into 0.084 wasn’t driven by mainstream buyers, it was driven by positioning traders the type that buys early, pushes illiquid books, and exits into strength. That’s why the initial expansion candle was vertical and unopposed.
Once they rotated out, the chart didn’t collapse. Instead it transitioned into a mean-rebuilder phase, where liquidity firms up and the token stops being a one-directional trade and instead becomes a negotiation. During that window, value buyers replaced momentum traders and pulled price off the lows without needing news.
Now DOLO is entering the consensus stage where both sides finally agree the asset isn’t mispriced enough to force action. You can see that in the order book: 52% bid-weighted, but not aggressive. This isn’t desperation to buy; it’s willingness to continue holding.
Rotation trades tend to end not when price exhausts, but when participation dries up. DOLO hasn’t lost participation yet it just changed who’s playing.
Traduci
$DCR Just Transitioned From Expansion to Maturity Phase
DCR’s move didn’t behave like a random spike it unfolded in a classic three-stage momentum cycle.
First, Initiation, where price lifted off from the low-vol region near 18.65. This phase is usually fueled by selective participants who position before the chart becomes obvious.
Then came Expansion, the most violent portion of the move, pushing into the 29.80 high. Expansion phases tend to compress offers and widen spreads because participants chase fills rather than negotiate. The acceleration confirms participation and shifts the asset into trend recognition territory.
Now DCR is sitting in the Maturity phase. Volatility has reduced, candles are shorter, and both sides are actually quoting. That signals the market isn’t trying to discover new highs anymore it’s trying to determine whether the new valuation is justified.
A bid-dominant book (~78%) shows buyers still control initiation power, but not expansion power. For continuation, buyers must convert this phase into Acceptance, otherwise it becomes a plateau before reversion.
Momentum cycles don’t end at the high they end when nobody cares about pushing anymore. DCR hasn’t reached that condition yet.
DCR’s move didn’t behave like a random spike it unfolded in a classic three-stage momentum cycle.
First, Initiation, where price lifted off from the low-vol region near 18.65. This phase is usually fueled by selective participants who position before the chart becomes obvious.
Then came Expansion, the most violent portion of the move, pushing into the 29.80 high. Expansion phases tend to compress offers and widen spreads because participants chase fills rather than negotiate. The acceleration confirms participation and shifts the asset into trend recognition territory.
Now DCR is sitting in the Maturity phase. Volatility has reduced, candles are shorter, and both sides are actually quoting. That signals the market isn’t trying to discover new highs anymore it’s trying to determine whether the new valuation is justified.
A bid-dominant book (~78%) shows buyers still control initiation power, but not expansion power. For continuation, buyers must convert this phase into Acceptance, otherwise it becomes a plateau before reversion.
Momentum cycles don’t end at the high they end when nobody cares about pushing anymore. DCR hasn’t reached that condition yet.
Traduci
$FRAX jumped out of nowhere after a sudden liquidity gap pushed the price from 0.8120 all the way up to 1.5740 in a single, wild move. When you see a candle like that, it usually means the order book’s thin not many sellers around and buyers are just charging in, willing to pay whatever it takes. So instead of a slow, steady climb, we got a sharp repricing.
Right after that spike, things started to settle down. The price pulled back to somewhere in the middle, and both buyers and sellers stepped back in to provide liquidity. The spread tightened up, which tells you this wasn’t just some artificial pump there’s real trading going on to support these new, higher prices.
Looking at the order book now, bids have a small edge (about 59.7%), but no one’s piling in with huge orders. There’s interest, sure, but not a ton of conviction. For FRAX to keep climbing, it needs to turn the 1.23–1.27 area into a sort of home base. If it can’t hold there, odds are the price drops back toward the middle somewhere around 1.04–1.08.
Moves like this really test the market. Will liquidity keep up, or just vanish after the excitement fades? So far, FRAX is hanging onto that middle range, which shows there’s still support behind it.
Right after that spike, things started to settle down. The price pulled back to somewhere in the middle, and both buyers and sellers stepped back in to provide liquidity. The spread tightened up, which tells you this wasn’t just some artificial pump there’s real trading going on to support these new, higher prices.
Looking at the order book now, bids have a small edge (about 59.7%), but no one’s piling in with huge orders. There’s interest, sure, but not a ton of conviction. For FRAX to keep climbing, it needs to turn the 1.23–1.27 area into a sort of home base. If it can’t hold there, odds are the price drops back toward the middle somewhere around 1.04–1.08.
Moves like this really test the market. Will liquidity keep up, or just vanish after the excitement fades? So far, FRAX is hanging onto that middle range, which shows there’s still support behind it.
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Come Dusk abilita l'identificazione in tempo reale degli azionisti senza violare le leggi sulla riservatezza
Uno dei aspetti più trascurati ma strutturalmente fondamentali dei mercati dei titoli è l'identificazione degli azionisti. Gli emittenti devono sapere chi sono i loro azionisti per la governance societaria, i diritti di voto, le dichiarazioni regolamentari e le azioni societarie. Tuttavia, l'infrastruttura moderna dei titoli si è evoluta in modo tale da rendere quasi impossibile questa visibilità. I custodi, i conti nominativi, gli agenti di trasferimento e i CSD frammentano i dati di proprietà su diversi livelli giuridici e infrastrutturali. Il risultato è paradossale: gli emittenti spesso non riescono a identificare gli stessi investitori che legalmente possiedono i loro titoli.
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How Dusk Makes Redemption and Distribution Events Work On-Chain
Financial instruments such as funds, notes or securities do not end at issuance. They require redemption, payout or distribution events during their lifecycle. Public blockchains optimize for trading, not lifecycle operations, which limits their usefulness for products that require continuous reporting and controlled participation.
On Dusk, you can handle redemption and distribution events without breaking any rules. Only approved investors get paid, and regulators can check everything’s in order without exposing private info to everyone else. Settlement stays confidential, and the process is still easy to audit. So, you get compliant lifecycle events and the perks of programmable rails, all at once.
Dusk Network supports lifecycle distributions and redemptions for regulated financial instruments.
@Dusk #Dusk $DUSK
Financial instruments such as funds, notes or securities do not end at issuance. They require redemption, payout or distribution events during their lifecycle. Public blockchains optimize for trading, not lifecycle operations, which limits their usefulness for products that require continuous reporting and controlled participation.
On Dusk, you can handle redemption and distribution events without breaking any rules. Only approved investors get paid, and regulators can check everything’s in order without exposing private info to everyone else. Settlement stays confidential, and the process is still easy to audit. So, you get compliant lifecycle events and the perks of programmable rails, all at once.
Dusk Network supports lifecycle distributions and redemptions for regulated financial instruments.
@Dusk #Dusk $DUSK
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Confidential Position Management for Institutional Participants on Dusk
Institutional investors adjust positions for competitive and strategic reasons. Broadcasting allocations, rebalancing or exposure adjustments to the entire market introduces execution risk. Most public blockchains do exactly that by making data globally visible. Dusk separates visibility from verification so institutional behaviors are not treated as public information.
A confidential settlement lets you update position changes without tipping off the competition. Regulators and auditors can still check everything, so you stay compliant without giving away your strategy. It’s a good setup for firms that have to report but don’t want to lose their edge.
Dusk Network enables confidential position management for institutional participants.
@Dusk #Dusk $DUSK
Institutional investors adjust positions for competitive and strategic reasons. Broadcasting allocations, rebalancing or exposure adjustments to the entire market introduces execution risk. Most public blockchains do exactly that by making data globally visible. Dusk separates visibility from verification so institutional behaviors are not treated as public information.
A confidential settlement lets you update position changes without tipping off the competition. Regulators and auditors can still check everything, so you stay compliant without giving away your strategy. It’s a good setup for firms that have to report but don’t want to lose their edge.
Dusk Network enables confidential position management for institutional participants.
@Dusk #Dusk $DUSK
Traduci
Issuer-Level Control for Securities on Dusk
Dusk is a Layer-1 blockchain designed for financial markets where issuers cannot ignore regulatory responsibilities. In traditional markets, issuers maintain control over who is allowed to acquire a security, how it can be transferred and what disclosures must accompany lifecycle events. Public blockchains do not accommodate these controls natively, so tokenized securities end up behaving like permissionless crypto assets.
On Dusk, you can build issuer-level permissions right into the settlement process. The system checks if an investor actually qualifies to hold a given instrument, and transfer restrictions make sure all the rules like jurisdiction and reporting stay in place.
By aligning issuer control with programmable settlement, Dusk allows securities to operate on shared infrastructure without breaking compliance.
Dusk Network supports issuer-level control for regulated securities.
@Dusk #Dusk $DUSK
Dusk is a Layer-1 blockchain designed for financial markets where issuers cannot ignore regulatory responsibilities. In traditional markets, issuers maintain control over who is allowed to acquire a security, how it can be transferred and what disclosures must accompany lifecycle events. Public blockchains do not accommodate these controls natively, so tokenized securities end up behaving like permissionless crypto assets.
On Dusk, you can build issuer-level permissions right into the settlement process. The system checks if an investor actually qualifies to hold a given instrument, and transfer restrictions make sure all the rules like jurisdiction and reporting stay in place.
By aligning issuer control with programmable settlement, Dusk allows securities to operate on shared infrastructure without breaking compliance.
Dusk Network supports issuer-level control for regulated securities.
@Dusk #Dusk $DUSK
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Walrus: Introducing Retrieval-Proofed Data as a Settlement Surface for Sui-Native Applications
Most decentralized storage systems treat data retrieval as a background event something that “just happens” off-chain without creating any traceable economic or verifiable state. Walrus turns that assumption upside down. For applications on Sui, data retrieval becomes a cryptographically-provable, economically-metered, and contract-settleable event rather than an invisible network side-operation. That shift sounds subtle, but structurally, it unlocks an entire class of application patterns that were previously impossible to build without centralized backends.
From Availability Guarantees to Retrieval Guarantees
Web3 has historically focused on availability proofs, i.e., “the data exists somewhere.” But availability alone doesn’t support consumer-facing or enterprise workloads. A dataset that exists but cannot be reliably retrieved on demand is effectively useless. Walrus introduces an upgraded semantic: retrieval-proofed data meaning the system can not only prove data exists, but that the data can be actively pulled from the network when needed, not merely archived.
This distinction turns storage from a passive durability service into an active reliability surface. For AI workloads, social feeds, decentralized websites, and encrypted media, this matters far more than slogans about decentralization.
Retrieval Becomes a Settlement Event
The second transformation Walrus introduces is economic. Retrieval isn’t free. It consumes bandwidth, computing overhead, and node availability. Instead of treating these as externalities absorbed by operators (or worse, subsidized indefinitely), Walrus makes retrieval a first-class transaction routed through Sui contracts.
When a blob is retrieved:
✔ a certificate is validated
✔ a retrieval-proof is generated
✔ a fee is settled on-chain
✔ and token flows are recorded
This creates correct pricing, correct incentives, and most importantly auditable consumption.
Storage stops being a sunk cost. It becomes a market with lifecycle economics.
Why Sui Is the First Place This Makes Sense
Sui’s object-centric execution model is a surprisingly good substrate for retrieval surfaces:
objects can mutate without global consensus overhead
proofs can be stored as first-class state
data usage can trigger downstream logic
fees can be distributed per retrieval
ownership models support gated access
In most chains, retrieval would need to be simulated through opaque off-chain middleware. On Sui, retrieval certificates can be referenced directly as Move objects, aligning data consumption with programmatic logic.
For example, a dApp can require that a dataset was successfully retrieved before allowing an AI agent to run inference on it and pay accordingly.
New Composability Primitives Emerge
Making retrieval verifiable and settleable introduces new primitives:
Retrieval-gated execution
Contracts can require verified data access before they execute certain branches.
Consumption-based billing
Data owners can charge for downstream retrieval rather than upfront uploads.
Lease-style renewal
Long-lived data can expire and renew based on real usage rather than arbitrary time windows.
Cross-tenant privacy
Encrypted blobs can be accessed selectively without exposing raw data to the protocol.
These patterns align with real-world SaaS and cloud models, except without centralized trust.
AI and Enterprise Workloads Are the Real Drivers
Walrus’s retrieval-centric design is not optimized for NFT hype; it aligns with workloads where:
datasets are heavy
retrieval is frequent
privacy is mandatory
cost predictability matters
This includes:
✔ AI inference datasets
✔ ML training records
✔ enterprise audit logs
✔ regulated document flows
✔ private social graphs
✔ multi-user CMS systems
These are the exact categories centralized cloud controls today. Walrus gives them a path onto Sui without degrading privacy or data integrity.
Downstream Economic Implications for $WAL
Once retrieval becomes a settlement surface, the WAL token inherits deeper utility:
storage → paid upfront
retrieval → paid per consumption
renewals → paid per lifecycle
staking → collateral for operators
governance → sets pricing curves
This is not yield farming. It’s cost-of-service economics, similar to infrastructure tokens like bandwidth and compute credits.
If retrieval volume grows with AI and data-rich applications, WAL demand becomes structurally tied to usage instead of sentiment a distinction most tokens never achieve.
The Quiet Shift Underway
The broader implication is simple:
Walrus moves storage from a trust assumption to a programmable resource, and moves retrieval from a side-effect to a settlement event.
Chains that only offer execution cannot scale beyond financial experimentation. Real applications need memory, privacy, availability, and retrieval guarantees all priced correctly and settled transparently.
Walrus is quietly building that layer for Sui before most developers realize they need it.
@Walrus 🦭/acc #Walrus $WAL
From Availability Guarantees to Retrieval Guarantees
Web3 has historically focused on availability proofs, i.e., “the data exists somewhere.” But availability alone doesn’t support consumer-facing or enterprise workloads. A dataset that exists but cannot be reliably retrieved on demand is effectively useless. Walrus introduces an upgraded semantic: retrieval-proofed data meaning the system can not only prove data exists, but that the data can be actively pulled from the network when needed, not merely archived.
This distinction turns storage from a passive durability service into an active reliability surface. For AI workloads, social feeds, decentralized websites, and encrypted media, this matters far more than slogans about decentralization.
Retrieval Becomes a Settlement Event
The second transformation Walrus introduces is economic. Retrieval isn’t free. It consumes bandwidth, computing overhead, and node availability. Instead of treating these as externalities absorbed by operators (or worse, subsidized indefinitely), Walrus makes retrieval a first-class transaction routed through Sui contracts.
When a blob is retrieved:
✔ a certificate is validated
✔ a retrieval-proof is generated
✔ a fee is settled on-chain
✔ and token flows are recorded
This creates correct pricing, correct incentives, and most importantly auditable consumption.
Storage stops being a sunk cost. It becomes a market with lifecycle economics.
Why Sui Is the First Place This Makes Sense
Sui’s object-centric execution model is a surprisingly good substrate for retrieval surfaces:
objects can mutate without global consensus overhead
proofs can be stored as first-class state
data usage can trigger downstream logic
fees can be distributed per retrieval
ownership models support gated access
In most chains, retrieval would need to be simulated through opaque off-chain middleware. On Sui, retrieval certificates can be referenced directly as Move objects, aligning data consumption with programmatic logic.
For example, a dApp can require that a dataset was successfully retrieved before allowing an AI agent to run inference on it and pay accordingly.
New Composability Primitives Emerge
Making retrieval verifiable and settleable introduces new primitives:
Retrieval-gated execution
Contracts can require verified data access before they execute certain branches.
Consumption-based billing
Data owners can charge for downstream retrieval rather than upfront uploads.
Lease-style renewal
Long-lived data can expire and renew based on real usage rather than arbitrary time windows.
Cross-tenant privacy
Encrypted blobs can be accessed selectively without exposing raw data to the protocol.
These patterns align with real-world SaaS and cloud models, except without centralized trust.
AI and Enterprise Workloads Are the Real Drivers
Walrus’s retrieval-centric design is not optimized for NFT hype; it aligns with workloads where:
datasets are heavy
retrieval is frequent
privacy is mandatory
cost predictability matters
This includes:
✔ AI inference datasets
✔ ML training records
✔ enterprise audit logs
✔ regulated document flows
✔ private social graphs
✔ multi-user CMS systems
These are the exact categories centralized cloud controls today. Walrus gives them a path onto Sui without degrading privacy or data integrity.
Downstream Economic Implications for $WAL
Once retrieval becomes a settlement surface, the WAL token inherits deeper utility:
storage → paid upfront
retrieval → paid per consumption
renewals → paid per lifecycle
staking → collateral for operators
governance → sets pricing curves
This is not yield farming. It’s cost-of-service economics, similar to infrastructure tokens like bandwidth and compute credits.
If retrieval volume grows with AI and data-rich applications, WAL demand becomes structurally tied to usage instead of sentiment a distinction most tokens never achieve.
The Quiet Shift Underway
The broader implication is simple:
Walrus moves storage from a trust assumption to a programmable resource, and moves retrieval from a side-effect to a settlement event.
Chains that only offer execution cannot scale beyond financial experimentation. Real applications need memory, privacy, availability, and retrieval guarantees all priced correctly and settled transparently.
Walrus is quietly building that layer for Sui before most developers realize they need it.
@Walrus 🦭/acc #Walrus $WAL
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Walrus rende più leggeri i layer di esecuzione smistando in modo efficiente i payload dei dati
I layer di esecuzione come Sui, Ethereum o Solana sono ottimizzati per l'ordinamento delle transazioni, la gestione delle transizioni di stato e l'applicazione delle regole. Non sono mai stati progettati per archiviare grandi insiemi di dati o file frequentemente aggiornati. Inserire blob nei layer di esecuzione aumenta i costi, rallenta le prestazioni e carica il consenso con dati che non devono essere presenti. Walrus risolve questo problema separando la logica dai payload: Sui gestisce la determinismo e la verifica, mentre Walrus archivia i dati pesanti. La recuperabilità, la prova e la disponibilità sono gestite da fornitori di archiviazione incentivati tramite WAL.
@Walrus 🦭/acc #Walrus $WAL
I layer di esecuzione come Sui, Ethereum o Solana sono ottimizzati per l'ordinamento delle transazioni, la gestione delle transizioni di stato e l'applicazione delle regole. Non sono mai stati progettati per archiviare grandi insiemi di dati o file frequentemente aggiornati. Inserire blob nei layer di esecuzione aumenta i costi, rallenta le prestazioni e carica il consenso con dati che non devono essere presenti. Walrus risolve questo problema separando la logica dai payload: Sui gestisce la determinismo e la verifica, mentre Walrus archivia i dati pesanti. La recuperabilità, la prova e la disponibilità sono gestite da fornitori di archiviazione incentivati tramite WAL.
@Walrus 🦭/acc #Walrus $WAL
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Il Walrus trasforma la persistenza dei dati in un mercato invece che in un contratto di servizio
I fornitori di cloud operano attraverso prezzi fissi e contratti di servizio: gli utenti pagano tariffe fisse e i fornitori promettono un uptime. Non esiste alcun meccanismo per allineare gli incentivi al comportamento effettivo al di là di termini legali. Il Walrus inverte la situazione per l'archiviazione dei dati. Invece di affidarsi a un unico grande fornitore per mantenere al sicuro i tuoi dati, trasforma la persistenza in un mercato aperto. I fornitori di archiviazione guadagnano token WAL mantenendo effettivamente i tuoi dati disponibili e facili da recuperare. Non si limitano a promettere affidabilità, ma la competono. Più fornitori indipendenti condividono il carico, quindi non stai mettendo tutte le uova in un unico paniere. Sui si occupa delle parti complesse della coordinazione, il che significa che non devi preoccuparti di strumenti di gestione personalizzati. Questo sistema resiste meglio quando le cose si complicano, come cadute improvvisi dei fornitori, cambiamenti di politica o interruzioni regionali. Le piattaforme centralizzate cercano di coprire questi rischi con documentazione e contratti, ma il Walrus incorpora la resilienza direttamente nel sistema stesso.
@Walrus 🦭/acc #Walrus $WAL
I fornitori di cloud operano attraverso prezzi fissi e contratti di servizio: gli utenti pagano tariffe fisse e i fornitori promettono un uptime. Non esiste alcun meccanismo per allineare gli incentivi al comportamento effettivo al di là di termini legali. Il Walrus inverte la situazione per l'archiviazione dei dati. Invece di affidarsi a un unico grande fornitore per mantenere al sicuro i tuoi dati, trasforma la persistenza in un mercato aperto. I fornitori di archiviazione guadagnano token WAL mantenendo effettivamente i tuoi dati disponibili e facili da recuperare. Non si limitano a promettere affidabilità, ma la competono. Più fornitori indipendenti condividono il carico, quindi non stai mettendo tutte le uova in un unico paniere. Sui si occupa delle parti complesse della coordinazione, il che significa che non devi preoccuparti di strumenti di gestione personalizzati. Questo sistema resiste meglio quando le cose si complicano, come cadute improvvisi dei fornitori, cambiamenti di politica o interruzioni regionali. Le piattaforme centralizzate cercano di coprire questi rischi con documentazione e contratti, ma il Walrus incorpora la resilienza direttamente nel sistema stesso.
@Walrus 🦭/acc #Walrus $WAL
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Walrus estende la finalità della blockchain ai dati, non solo alle transazioni
Le blockchain bloccano definitivamente le transazioni una volta che sono state regolate, questo è tutto. Tutti concordano e nessuno può modificarle. Ma quando si tratta di dati, le cose si complicano un po'. Cose come immagini, file multimediali, risultati di analisi o persino i pesi dei modelli finiscono spesso su altri server. E dobbiamo essere onesti, quei server funzionano su contratti, piani tariffari e tutto ciò che è disponibile nella regione. Walrus cambia questo. Porta lo stesso tipo di fiducia e permanenza che si ottiene dalle blockchain direttamente sui dati stessi. Grandi quantità di dati vengono suddivise tra diversi provider, e le ricompense WAL mantengono le persone oneste, assicurando che i tuoi dati rimangano disponibili. Sui si occupa di tutto il lavoro dietro le quinte: gestisce il ciclo di vita dei dati, gestisce le prove e risolve i rinnovi. E non devi preoccuparti di API bloccate e proprietarie. Questo sposta la persistenza dei dati da "assunta" a "imposta", consentendo alle applicazioni di trattare i file critici con la stessa affidabilità a lungo termine che si aspettano dallo stato sulla blockchain. Il risultato: la finalità non si ferma alla proprietà, include anche i contenuti che rendono le applicazioni utilizzabili.
@Walrus 🦭/acc #Walrus $WAL
Le blockchain bloccano definitivamente le transazioni una volta che sono state regolate, questo è tutto. Tutti concordano e nessuno può modificarle. Ma quando si tratta di dati, le cose si complicano un po'. Cose come immagini, file multimediali, risultati di analisi o persino i pesi dei modelli finiscono spesso su altri server. E dobbiamo essere onesti, quei server funzionano su contratti, piani tariffari e tutto ciò che è disponibile nella regione. Walrus cambia questo. Porta lo stesso tipo di fiducia e permanenza che si ottiene dalle blockchain direttamente sui dati stessi. Grandi quantità di dati vengono suddivise tra diversi provider, e le ricompense WAL mantengono le persone oneste, assicurando che i tuoi dati rimangano disponibili. Sui si occupa di tutto il lavoro dietro le quinte: gestisce il ciclo di vita dei dati, gestisce le prove e risolve i rinnovi. E non devi preoccuparti di API bloccate e proprietarie. Questo sposta la persistenza dei dati da "assunta" a "imposta", consentendo alle applicazioni di trattare i file critici con la stessa affidabilità a lungo termine che si aspettano dallo stato sulla blockchain. Il risultato: la finalità non si ferma alla proprietà, include anche i contenuti che rendono le applicazioni utilizzabili.
@Walrus 🦭/acc #Walrus $WAL
Traduci
How Dusk Makes Corporate Actions Programmatic and Real-Time Instead of Paper-Based and Intermediated
Corporate actions are the silent machinery of financial markets. They are not as visible as trading, not as fast as price discovery, and not as glamorous as IPOs yet they define the relationship between issuers and shareholders. From dividends and proxy voting to rights issues and stock splits, corporate actions ensure that capital, governance, and shareholder rights flow correctly through the market. However, the modern corporate action system is surprisingly antiquated. Behind electronic trading platforms and algorithmic liquidity sits a deeply paper-based, intermediated, and reconciliation-heavy ecosystem that slows markets, introduces errors, and creates unnecessary opacity.
Dusk doesn’t just update the old way of handling corporate actions it completely flips the script. Forget about issuers juggling transfer agents, custodians, CSDs, and all those middlemen just to figure out who owns what, pay out entitlements, or get things done. With Dusk, corporate actions settle on-chain, right away. You get real-time ownership, privacy where it matters, and eligibility checks that don’t spill your data everywhere. Everything happens in one shot.
This isn’t just a minor upgrade. We’re talking about a full-on overhaul. Corporate actions aren’t just messages bouncing between intermediaries anymore they’re direct changes written into the protocol itself. It’s the way digital financial markets are supposed to work.
The Legacy Corporate Action Workflow: Slow, Manual, and Friction-Filled
If you really want to grasp how much Dusk changes things, just look at how clunky corporate actions are right now. Take a simple dividend payout. First, the company makes an announcement. Then the central securities depository tracks the record dates. Custodians scramble to match up who owns what. Transfer agents try to keep up and update the list of beneficial owners. All sorts of middlemen jump in to double-check entitlements. Eventually after all this back and forth the money trickles down to actual investors, but never directly.
Proxy voting? That’s another headache. Investors rarely get to vote straight with the company. Instead, their votes pass through a maze of intermediaries, and a lot of the time, the issuer never even sees who’s voting. The whole thing gets bogged down because shareholder lists aren’t updated in real time. You have to wait for settlement cycles just to confirm who owns what. The whole system basically runs on the idea that companies don’t get to see their own shareholder records; they just rely on layers of middlemen to pass along information and instructions.
This system introduces four chronic failures:
1. Latency: actions settle on multi-day timelines.
2. Opacity: issuers cannot directly see who their investors are.
3. Intermediary drag: multiple actors introduce cost and error.
4. Reconciliation: records often conflict due to multi-ledger realities.
All of this exists not due to theoretical requirements but because legacy infrastructure is fragmented.
The Dusk Model: Corporate Actions as Protocol Logic
Dusk collapses this infrastructure by integrating the securities layer into the settlement layer. When beneficial ownership updates atomically at settlement, the issuer always has a real-time registry directly and without reconciliation overhead.
This enables a new class of corporate action execution that is:
✔ programmatic,
✔ instant,
✔ compliant, and
✔ self-settling.
For example:
• Dividends can distribute automatically to the current beneficial owners at record time.
• Voting rights can map directly to the live registry without custodial mediation.
• Rights issues can be offered to qualified shareholders based on residency and eligibility rules evaluated through zero-knowledge proofs.
• Buybacks can destroy tokenized shares programmatically while realigning shareholder distributions.
Corporate actions become software, not paperwork. They become state transitions, not administrative requests.
Real-Time Registries Enable Real-Time Actions
The critical enabler for programmatic corporate actions is Dusk’s concept of continuous beneficial ownership finality. Traditional markets maintain shareholder lists off-chain, updated periodically. Dusk updates beneficial ownership as part of settlement atomic, authoritative, and legal.
Issuers no longer ask:
“Who owned the shares at record date?”
Instead, the protocol already knows. This removes:
— transfer agents,
— reconciliation events,
— custodian attestations, and
— CSD-based registry certification.
The issuer’s obligations and shareholder entitlements become reproducible from protocol state.
Compliance Without Exposure
Institutional markets operate under compliance constraints eligibility, residency, sanctions, investor classification, etc. These constraints often force corporate actions into manual channels because issuers cannot publicly expose shareholder identities or portfolios.
Dusk solves this using zero-knowledge compliance, enabling the protocol to evaluate whether a shareholder is entitled to an action without revealing personal or strategic information. For example:
• A rights offer can be restricted to shareholders in permitted jurisdictions.
• Voting can be restricted to beneficial holders at record time.
• Dividend withholding tax rules can be evaluated privately.
Compliance becomes proof-based, not disclosure-based preserving confidentiality for institutions.
Why This Unlocks Institutional Tokenization
Most tokenization platforms focus on settlement and issuance. Few address corporate actions, yet corporate actions are essential for actual securities, not just tokenized representations. Real markets require:
✓ dividends,
✓ cash distributions,
✓ governance,
✓ corporate restructurings, and
✓ participation rights.
Tokenization without corporate action automation is just digitization. Tokenization with automation is infrastructure replacement and this is the category where Dusk operates.
Conclusion: From Paperwork to Protocol
Dusk represents a paradigm shift where corporate actions no longer rely on intermediaries to interpret issuer intent. Instead, issuer intent becomes programmatic logic, executed on a live, compliant, privacy-preserving shareholder registry. Corporate actions become real-time events that reflect the true ownership state of the market at the moment they occur.
Where legacy systems treat corporate actions as administrative tasks, Dusk treats them as state transitions in a securities-native protocol. That is how real-world finance becomes on-chain not by tokenizing assets, but by digitizing the mechanisms that make ownership meaningful.
@Dusk #Dusk $DUSK
Dusk doesn’t just update the old way of handling corporate actions it completely flips the script. Forget about issuers juggling transfer agents, custodians, CSDs, and all those middlemen just to figure out who owns what, pay out entitlements, or get things done. With Dusk, corporate actions settle on-chain, right away. You get real-time ownership, privacy where it matters, and eligibility checks that don’t spill your data everywhere. Everything happens in one shot.
This isn’t just a minor upgrade. We’re talking about a full-on overhaul. Corporate actions aren’t just messages bouncing between intermediaries anymore they’re direct changes written into the protocol itself. It’s the way digital financial markets are supposed to work.
The Legacy Corporate Action Workflow: Slow, Manual, and Friction-Filled
If you really want to grasp how much Dusk changes things, just look at how clunky corporate actions are right now. Take a simple dividend payout. First, the company makes an announcement. Then the central securities depository tracks the record dates. Custodians scramble to match up who owns what. Transfer agents try to keep up and update the list of beneficial owners. All sorts of middlemen jump in to double-check entitlements. Eventually after all this back and forth the money trickles down to actual investors, but never directly.
Proxy voting? That’s another headache. Investors rarely get to vote straight with the company. Instead, their votes pass through a maze of intermediaries, and a lot of the time, the issuer never even sees who’s voting. The whole thing gets bogged down because shareholder lists aren’t updated in real time. You have to wait for settlement cycles just to confirm who owns what. The whole system basically runs on the idea that companies don’t get to see their own shareholder records; they just rely on layers of middlemen to pass along information and instructions.
This system introduces four chronic failures:
1. Latency: actions settle on multi-day timelines.
2. Opacity: issuers cannot directly see who their investors are.
3. Intermediary drag: multiple actors introduce cost and error.
4. Reconciliation: records often conflict due to multi-ledger realities.
All of this exists not due to theoretical requirements but because legacy infrastructure is fragmented.
The Dusk Model: Corporate Actions as Protocol Logic
Dusk collapses this infrastructure by integrating the securities layer into the settlement layer. When beneficial ownership updates atomically at settlement, the issuer always has a real-time registry directly and without reconciliation overhead.
This enables a new class of corporate action execution that is:
✔ programmatic,
✔ instant,
✔ compliant, and
✔ self-settling.
For example:
• Dividends can distribute automatically to the current beneficial owners at record time.
• Voting rights can map directly to the live registry without custodial mediation.
• Rights issues can be offered to qualified shareholders based on residency and eligibility rules evaluated through zero-knowledge proofs.
• Buybacks can destroy tokenized shares programmatically while realigning shareholder distributions.
Corporate actions become software, not paperwork. They become state transitions, not administrative requests.
Real-Time Registries Enable Real-Time Actions
The critical enabler for programmatic corporate actions is Dusk’s concept of continuous beneficial ownership finality. Traditional markets maintain shareholder lists off-chain, updated periodically. Dusk updates beneficial ownership as part of settlement atomic, authoritative, and legal.
Issuers no longer ask:
“Who owned the shares at record date?”
Instead, the protocol already knows. This removes:
— transfer agents,
— reconciliation events,
— custodian attestations, and
— CSD-based registry certification.
The issuer’s obligations and shareholder entitlements become reproducible from protocol state.
Compliance Without Exposure
Institutional markets operate under compliance constraints eligibility, residency, sanctions, investor classification, etc. These constraints often force corporate actions into manual channels because issuers cannot publicly expose shareholder identities or portfolios.
Dusk solves this using zero-knowledge compliance, enabling the protocol to evaluate whether a shareholder is entitled to an action without revealing personal or strategic information. For example:
• A rights offer can be restricted to shareholders in permitted jurisdictions.
• Voting can be restricted to beneficial holders at record time.
• Dividend withholding tax rules can be evaluated privately.
Compliance becomes proof-based, not disclosure-based preserving confidentiality for institutions.
Why This Unlocks Institutional Tokenization
Most tokenization platforms focus on settlement and issuance. Few address corporate actions, yet corporate actions are essential for actual securities, not just tokenized representations. Real markets require:
✓ dividends,
✓ cash distributions,
✓ governance,
✓ corporate restructurings, and
✓ participation rights.
Tokenization without corporate action automation is just digitization. Tokenization with automation is infrastructure replacement and this is the category where Dusk operates.
Conclusion: From Paperwork to Protocol
Dusk represents a paradigm shift where corporate actions no longer rely on intermediaries to interpret issuer intent. Instead, issuer intent becomes programmatic logic, executed on a live, compliant, privacy-preserving shareholder registry. Corporate actions become real-time events that reflect the true ownership state of the market at the moment they occur.
Where legacy systems treat corporate actions as administrative tasks, Dusk treats them as state transitions in a securities-native protocol. That is how real-world finance becomes on-chain not by tokenizing assets, but by digitizing the mechanisms that make ownership meaningful.
@Dusk #Dusk $DUSK
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Come Dusk porta la finalità del regolamento a livello dei titoli ai mercati istituzionali su blockchain
La storia dei mercati dei capitali è essenzialmente la storia del regolamento. Mentre il trading è diventato sempre più digitale, globale e istantaneo, il regolamento è rimasto governato dalla finalità legale, dal trasferimento dei registri, dalle aggiornamenti del possesso effettivo e dai controlli di conformità, tutti operanti a livello dei titoli e non a livello dell'esecuzione. La maggior parte delle blockchain presuppone che la finalità del regolamento corrisponda alla finalità del blocco. Nel settore finanziario istituzionale, tale presupposto è fondamentalmente errato.
Una vera finalità del regolamento richiede di più della semplice conferma crittografica. Richiede il trasferimento riconosciuto legalmente del possesso effettivo, la validazione della conformità e gli aggiornamenti dei registri societari. È questa distinzione che spiega perché i mercati tradizionali continuano a operare con finestre di regolamento T+2 nonostante il trading elettronico. L'infrastruttura su blockchain non può soddisfare i mercati istituzionali a meno che non riesca a ridurre entrambe le forme di finalità in un unico processo operativo e legale.
Una vera finalità del regolamento richiede di più della semplice conferma crittografica. Richiede il trasferimento riconosciuto legalmente del possesso effettivo, la validazione della conformità e gli aggiornamenti dei registri societari. È questa distinzione che spiega perché i mercati tradizionali continuano a operare con finestre di regolamento T+2 nonostante il trading elettronico. L'infrastruttura su blockchain non può soddisfare i mercati istituzionali a meno che non riesca a ridurre entrambe le forme di finalità in un unico processo operativo e legale.
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Come Dusk riduce le dipendenze operative off-chain
Molti esperimenti tradizionali di tokenizzazione continuano a contare su intermediari off-chain per gestire la conformità. Hai custodi, registrari e agenti di reporting che si occupano di cose come verificare chi è idoneo, aggiornare la proprietà, tenere traccia dei record e assicurarsi che tutto sia conforme. È vero che questo rende la tokenizzazione funzionante dal punto di vista legale, ma manca completamente lo scopo di avere un'infrastruttura condivisa. Il clearing e la conformità rimangono suddivisi tra diversi sistemi, quindi il processo rimane disordinato e disconnesso.
Dusk incorpora conformità e tracciabilità direttamente nel clearing, quindi non devi più fare affidamento su un gruppo di esterni per mantenere l'integrità. Gestisci le regole di idoneità e di trasferimento direttamente nell'applicazione. Gli audit avvengono con accesso controllato, senza bisogno di rivelare tutto al mondo intero. Quando cambia la proprietà, il sistema lo registra. Mantieni i tuoi dettagli sensibili sul portafoglio e le tue strategie per te stesso.
Ridurre le dipendenze off-chain non elimina la conformità. La porta più vicino al percorso di clearing, in modo che gli asset regolamentati possano funzionare nativamente sulla blockchain. Questa struttura è meglio allineata con strumenti azionari regolamentati, strumenti creditizi e quote di fondi che richiedono certezza giuridica piuttosto che speculazione al dettaglio.
@Dusk #Dusk $DUSK
Molti esperimenti tradizionali di tokenizzazione continuano a contare su intermediari off-chain per gestire la conformità. Hai custodi, registrari e agenti di reporting che si occupano di cose come verificare chi è idoneo, aggiornare la proprietà, tenere traccia dei record e assicurarsi che tutto sia conforme. È vero che questo rende la tokenizzazione funzionante dal punto di vista legale, ma manca completamente lo scopo di avere un'infrastruttura condivisa. Il clearing e la conformità rimangono suddivisi tra diversi sistemi, quindi il processo rimane disordinato e disconnesso.
Dusk incorpora conformità e tracciabilità direttamente nel clearing, quindi non devi più fare affidamento su un gruppo di esterni per mantenere l'integrità. Gestisci le regole di idoneità e di trasferimento direttamente nell'applicazione. Gli audit avvengono con accesso controllato, senza bisogno di rivelare tutto al mondo intero. Quando cambia la proprietà, il sistema lo registra. Mantieni i tuoi dettagli sensibili sul portafoglio e le tue strategie per te stesso.
Ridurre le dipendenze off-chain non elimina la conformità. La porta più vicino al percorso di clearing, in modo che gli asset regolamentati possano funzionare nativamente sulla blockchain. Questa struttura è meglio allineata con strumenti azionari regolamentati, strumenti creditizi e quote di fondi che richiedono certezza giuridica piuttosto che speculazione al dettaglio.
@Dusk #Dusk $DUSK
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Gestione del ciclo di vita dei prodotti finanziari regolamentati su Dusk
Gli strumenti finanziari hanno cicli di vita che vanno oltre l'emissione e il commercio. I titoli pagano distribuzioni, i fondi aggiornano i valori, gli strumenti di credito si ammortizzano e i titoli strutturati si liquidano secondo termini specifici. Le blockchain pubbliche ottimizzano principalmente l'attività di trading, non la gestione del ciclo di vita, il che limita il loro utilizzo per prodotti regolamentati.
Dusk ti offre binari di liquidazione programmabili che gestiscono tutte le parti mobili come distribuzioni e rimborsi, rispettando le regole abituali per l'eligibilità e la segnalazione. Quando arriva il momento di chiudere i conti, i dettagli rimangono riservati. I pagamenti e i cambiamenti nelle posizioni non vengono divulgati a tutta la comunità. Tuttavia, i regolatori hanno accesso completo alle tracce di audit, in modo da poter verificare tutto senza esporre informazioni sensibili aziendali.
Questo approccio permette agli strumenti finanziari di esistere sulla blockchain senza eliminare le caratteristiche operative che li rendono conformi ai mercati tradizionali. Invece di costringere i prodotti a conformarsi a modelli senza permessi, Dusk avvicina l'infrastruttura di liquidazione ai flussi operativi finanziari reali.
La rete Dusk supporta la gestione del ciclo di vita per titoli regolamentati e prodotti creditizi.
@Dusk #Dusk $DUSK
Gli strumenti finanziari hanno cicli di vita che vanno oltre l'emissione e il commercio. I titoli pagano distribuzioni, i fondi aggiornano i valori, gli strumenti di credito si ammortizzano e i titoli strutturati si liquidano secondo termini specifici. Le blockchain pubbliche ottimizzano principalmente l'attività di trading, non la gestione del ciclo di vita, il che limita il loro utilizzo per prodotti regolamentati.
Dusk ti offre binari di liquidazione programmabili che gestiscono tutte le parti mobili come distribuzioni e rimborsi, rispettando le regole abituali per l'eligibilità e la segnalazione. Quando arriva il momento di chiudere i conti, i dettagli rimangono riservati. I pagamenti e i cambiamenti nelle posizioni non vengono divulgati a tutta la comunità. Tuttavia, i regolatori hanno accesso completo alle tracce di audit, in modo da poter verificare tutto senza esporre informazioni sensibili aziendali.
Questo approccio permette agli strumenti finanziari di esistere sulla blockchain senza eliminare le caratteristiche operative che li rendono conformi ai mercati tradizionali. Invece di costringere i prodotti a conformarsi a modelli senza permessi, Dusk avvicina l'infrastruttura di liquidazione ai flussi operativi finanziari reali.
La rete Dusk supporta la gestione del ciclo di vita per titoli regolamentati e prodotti creditizi.
@Dusk #Dusk $DUSK
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Walrus: Trasformare la verifica dei dati in un evento di regolamento invece che in un presupposto di rete di fondo Sui
Web3 ha trattato storicamente la disponibilità dei dati come qualcosa che "accade semplicemente". Un utente carica un file, un dApp fa riferimento al suo hash, e l'ecosistema in generale presuppone che in qualche parte una rete di archiviazione continuerà a mantenere il contenuto sottostante. Questo presupposto funzionava solo perché le prime applicazioni non mettevano a dura prova il modello. Non appena i sistemi decentralizzati hanno iniziato a memorizzare contenuti dinamici, dataset crittografati, asset per videogiochi e stati generati da intelligenza artificiale, le debolezze sono diventate evidenti. La disponibilità non poteva più essere considerata un servizio implicito. Doveva diventare verificabile, applicabile e risolta economicamente.
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