Crypto梦醒时分

In blockchain projects, token economics serve as the core carrier of ecosystem value, and the rationality of its design directly determines the project's long-term viability. The DUSK token launched by Dusk Foundation is not merely a medium of exchange but rather establishes a value capture system deeply integrated with ecosystem development through four core functions: governance, staking, payments, and incentives. This creates a long-term growth logic of 'ecosystem prosperity → increased token demand → value appreciation,' offering investors and participants a channel to share in the ecosystem's benefits.
The total supply of DUSK tokens is set at 500 million, with the current circulating supply reaching 457 million. A reasonable circulation structure provides a foundation for the stable development of the ecosystem. As a network governance token, DUSK holders have voting rights on critical decisions such as protocol upgrades and parameter adjustments, meaning token holders can directly participate in shaping the ecosystem's direction, ensuring the project remains aligned with market demands. In staking scenarios, Dusk employs a refined reward distribution mechanism—90% of block rewards go to block producers, and 10% are distributed equally among voters. This design incentivizes node operators to actively maintain the network while preventing large stakers from excessively monopolizing rewards, thus safeguarding the network's decentralization. Currently, about 30% of the circulating DUSK tokens are staked, forming a stable node network that provides solid support for the secure operation of the Dusk mainnet.

The long-term prosperity of the blockchain ecosystem cannot be achieved without continuous empowerment of developers and deep investment in infrastructure. Dusk Foundation fully understands this, and by establishing an ecosystem development fund of 15 million DUSK tokens (currently valued at approximately $9.88 million), it has created a dual-driven model of 'in-house technology development + ecosystem co-construction,' injecting sustained momentum into innovation within the RWA sector. This fund is not merely financial support, but a strategic initiative precisely targeting ecosystem gaps and cultivating core capabilities, demonstrating Dusk's long-term vision for building a sustainable ecosystem.

In the wave of real-world asset (RWA) tokenization, trust remains the critical bridge connecting traditional finance with the Web3 world. The establishment of trust relies precisely on the dual safeguards of privacy protection and regulatory compliance—exactly the core area Dusk Foundation has been deeply focused on for years. As a Layer 1 blockchain specifically designed for regulated financial markets, Dusk Network has broken the industry dilemma that 'privacy and compliance cannot coexist' through technological innovation, laying a solid foundation of trust for the large-scale implementation of RWA.
Dusk's core breakthrough lies in deeply embedding compliance requirements into the technical foundation, rather than addressing them as afterthoughts. The team developed the Citadel zero-knowledge KYC protocol, enabling users and institutions to selectively disclose identity information, satisfying AML/KYC regulatory requirements while maximizing the protection of business secrets and personal data privacy. The Shelter off-chain solution tailored for institutional collaboration further achieves 'data availability without visibility,' resolving trust challenges in financial institution partnerships. Combined with confidential secure contracts (XSC) based on PLONK cryptographic technology—ensuring sensitive data such as transaction amounts and position information remain encrypted throughout—the regulatory audit channel reserved in the Phoenix 2.0 hybrid privacy model ensures transactions are traceable and verifiable, perfectly aligning with core EU financial regulations such as MiFID II and MiCA. This dual design of 'natively compliant + privacy protection' has made Dusk the preferred technology partner for multiple financial institutions across Europe.

The core of wealth management is not chasing the highest returns, but 'tailoring to fit'—selecting the most suitable strategy combination based on your capital size and risk tolerance, achieving 'controlled risk and matched returns.' In 2026, the crypto market will exhibit characteristics of 'institutionalization, compliance, and segmentation.' ListaDAO's USD1 wealth management system precisely covers low, medium, and high-risk tiers, meeting the full spectrum of needs from small change to large capital, helping investors of all scales accurately match their optimal solutions.
For small capital (100000 USDT), the core requirement is 'high interest + flexibility.' We recommend the 'PSM module + smart lending arbitrage' combination. The PSM module offers 7%-12% high interest, meeting short-term return needs, and supports quick deposits and withdrawals without disrupting daily fund operations; smart lending allows borrowing USD1 at a low interest rate of 0.03%, with collateral automatically deployed as LP in DEX to earn trading fees, yielding a net return of approximately 0.07%, further amplifying returns. This combination is simple to operate, with risks verified as low through multiple audits, perfectly matching the 'small change wealth management' needs of ordinary investors, enabling 'passive earnings' without affecting daily fund usage, and leveraging BNB Chain's low Gas fees, making operational costs negligible for small capital.

In 2026, the BNB chain ecosystem continues to expand. In addition to mainstream assets, niche and emerging token sectors have seen numerous high-potential projects emerge. However, these assets commonly suffer from poor liquidity and difficulty in monetization—selling them risks missing out on future gains, while holding them generates no returns, creating a pain point for professional investors. ListaDAO's innovative strategy in the niche collateralized lending segment precisely addresses this issue by enabling collateralized loans in USD1 using niche tokens, without requiring asset sales, thus unlocking liquidity. This allows funds to be reinvested into high-yield financial products, achieving 'two returns from one asset'—making it an advanced approach to USD1 investing in 2026.

Newcomers to crypto理财 often face the dilemma of 'wanting to make money but afraid of pitfalls' due to complex jargon and volatile market conditions. However, the 2026 trend toward regulatory compliance and institutionalization in the crypto market creates a more welcoming environment for beginners—ListaDAO's USD1理财 system, with its 'low-risk entry and step-by-step progression,' has become the ideal platform for newcomers. From one-click high-yield savings to simple, easy-to-understand arbitrage strategies, it gradually builds理财 skills and enables a steady start to the journey in crypto理财.
The core principle for beginners is 'start small and focus on low risk.' The preferred combination is 'PSM module + smart lending arbitrage.' The PSM module is an absolutely beginner-friendly product: it's pegged to the USDT liquidity pool, offers an annualized return of 7%-12%, has a low risk level, and requires zero operational门槛—simply deposit USDT to earn returns, with no need to understand complex concepts like staking or leverage. More importantly, it supports instant deposits and withdrawals, offering extremely high liquidity, allowing quick redemption even in emergencies, perfectly matching beginners' needs to get familiar with on-chain理财 processes. Smart lending arbitrage is the 'first step into advanced strategies': using high-quality assets like BTCB as collateral to borrow USD1 at a mere 0.03% interest rate. The collateral is automatically deployed into DEX liquidity pools to earn trading fees, yielding a net return of approximately 0.07%. The entire process generates passive income without requiring constant monitoring, helping beginners understand the fundamentals of lending and arbitrage while building hands-on experience.

In 2026, the crypto market will still offer high-return opportunities amid the compliance process. For 'yield hunters' with professional expertise and strong risk tolerance, ListaDAO's third-party Vaults leverage strategy becomes a core choice—through professional operations by third-party Curators, APY can be pushed to 4%-18%, unlocking maximum returns within a compliant framework. However, behind high returns lie potential risks such as strategy failure and liquidity drought, making it a dedicated hunting ground for high-risk, high-reward investors.
The core advantages of third-party Vaults lie in 'strategy diversification + leverage amplification + ecosystem empowerment.' Third-party Curators typically employ complex strategies such as cyclic leverage, cross-asset arbitrage, and RWA yield enhancement, fully exploiting return opportunities across different sectors. Their operational flexibility far exceeds that of official strategies. By 2026, the RWA sector's TVL reached $16.8 billion, with clear return opportunities emerging in tokenized government bonds and commodities. Top-tier Curators can precisely capture these dividends, achieving returns significantly above average during favorable market conditions. ListaDAO's open ecosystem provides a broad stage for third-party strategies, leveraging the protocol's $1.38 billion Lending TVL and BNB Chain's high-performance infrastructure to ensure robust funding and liquidity support, avoiding the liquidity drought common on smaller platforms.

In 2026, the crypto market enters a 'low-risk, high-value' era of wealth management. Investors are no longer blindly chasing high returns, but instead focusing on 'margin of safety + passive income'. ListaDAO's smart lending arbitrage strategy perfectly aligns with this trend, offering an ultra-low borrowing rate of 0.03% and a fully passive income model, becoming a 'hidden gem' for both beginners and experienced players—by pledging high-quality assets like BTCB, slisBNB, you can borrow USD1, with collateral automatically deployed as LP in Lista DEX to earn trading fees. The current net return is approximately 0.07%, and as the BNB chain ecosystem flourishes, LP returns could surge to 5%-6%, achieving 'reverse profit'.

By 2026, the crypto market will exhibit increasingly clear characteristics of interest rate marketization, with intensified lending rate fluctuations posing challenges for long-term capital planning. ListaDAO's Lending fixed-term lending strategy offers a fixed annualized interest rate of 4.93%-5.86% with multiple layers of security, providing 'certainty of returns' for medium- to long-term capital planning—locking in financing costs and eliminating concerns about market interest rate swings. It has become a core allocation for long-term wealth management of large capital, especially suitable for institutional investors and whales requiring stable cash flows.
The core value of ListaDAO's fixed-term lending lies in the dual assurance of 'return certainty' and 'risk controllability'. Once the borrowing interest rate is locked, the investor's financing cost remains unchanged regardless of future market interest rate fluctuations. This is crucial for investors using the 'borrow-and-invest' model—by locking in low-cost liabilities and pairing them with low-risk assets such as RWA fixed-income instruments, a stable interest spread can be ensured, preventing returns from being eroded by rising interest rates. Even more trustworthy is that ListaDAO's fixed-term lending module has undergone multiple top-tier security audits and has demonstrated exceptional resilience during past market volatility. Since launch, the TVL has surpassed $1 billion within three months and currently stabilizes around $1.38 billion, ensuring deep capital pools and ample liquidity.

Tired of the modest returns from low-risk strategies, yet unwilling to endure the severe volatility of high-risk leverage? In the context of DeFi market compliance and institutionalization trends by 2026, ListaDAO's PT-USDe circular arbitrage strategy offers a projected annualized return of 19.01% with a medium risk level, making it a "return-enhancing powerhouse" for USDT funds ranging from 100,000 to 1,000,000, perfectly balancing risk and return and precisely meeting the needs of investors with medium risk appetite.
The core logic of this strategy is to build a triple-revenue loop of "spread + interest rate spread + external high interest", with clear operations and controllable risks. The specific process is: first, use USDe to purchase PT-USDe (principal token), directly locking in a 5.54% spread return; then, deposit PT-USDe into the platform to borrow USD1, with a borrowing interest rate as low as 1.87%, creating a significant interest rate spread that lays the foundation for returns; next, convert the borrowed USD1 back into USDe and repeat the above steps, with the final stage allowing funds to be deposited into Binance USD1 Earn to enjoy a 20% annualized return. The叠加 of returns across multiple stages enables leapfrog growth. The entire process does not involve high-volatility assets, with all returns derived from deterministic spreads and interest rate differentials, making the risk significantly lower than traditional leveraged speculative strategies.

In 2026, the BNB Chain continues to advance with high-performance upgrades, aiming for 20,000 transactions per second and a block time of just 0.45 seconds, steadily boosting ecosystem activity and asset value. As the dominant liquidity staking protocol on the BNB Chain, ListaDAO has crafted the slisBNB circular loan strategy specifically for BNB holders, fundamentally transforming the 'hold and idle' asset paradigm. Through the dual empowerment of 'liquid staking + circular leverage,' it achieves tiered annualized returns of 7% (1x), 14% (2x), and 21% (3x), establishing itself as the ultimate solution for native BNB wealth management in 2026.
The core logic of this strategy combines safety and efficiency, perfectly tailored to the needs of BNB holders. The operational process is clear and easy to understand: first, stake BNB to obtain slisBNB, which retains the potential for BNB's native appreciation (analysts forecast a baseline BNB price range of $900–$1400 by 2026) while also providing a tradable staking receipt; then, use slisBNB as collateral to borrow BNB (with a borrowing rate as low as 3.72%), and subsequently mint the borrowed BNB into slisBNBx to delegate and earn over 10% returns. By repeating this cycle three times, leverage amplification is achieved. Compared to cross-asset leverage strategies, same-currency circular leverage exhibits strong price correlation, minimal erosion, and a high liquidation threshold of 96.5%, offering clear and controllable risk boundaries. This strategy has demonstrated exceptional resilience against market volatility in the past.

In 2026, the RWA (Real-World Assets) track continues to surge, with the on-chain tokenized government bond volume increasing by 12% month-over-month. Demand from institutions for on-chain risk-free returns has sharply risen. Under this trend, the core requirement of million-dollar-scale capital has shifted from chasing short-term high yields to 'safety preservation + compliant stability.' ListaDAO's low-risk fixed-income RWA strategy precisely matches this need, offering a stable annualized return of 3.65%-4.71% backed by off-chain low-risk assets, making it the preferred 'safe haven' for institutions and whales.
The core advantage of the RWA strategy lies in its solid asset foundation and compliant structure. ListaDAO's RWA products are anchored in short-term U.S. Treasuries and high-rated municipal bonds maturing within 90 days, forming dual protection with the USD1 stablecoin’s reserve structure—over 95% of which consists of cash and short-term U.S. Treasuries. This 'on-chain protocol + real-world assets' combination ensures returns are strongly supported by cash flows. Even in extreme market conditions, the physical asset backing maintains stability and completely eliminates liquidation risk. Meanwhile, the reserve assets of USD1 are jointly custodied by JPMorgan Chase and Bank of America, with funds and operational capital strictly segregated, institutionally preventing any risk of 'misappropriation' of reserves—this is a critical safety threshold for large-scale capital.

Against the backdrop of the 2026 crypto market returning to rationality and continuous institutional capital inflows, the primary demand of small investors has shifted from blind chasing high prices to achieving a balanced triad of 'low risk + high liquidity + attractive returns.' ListaDAO's PSM (Price Stability Module) precisely addresses this pain point, offering a stable annualized return of 7%-12%, low-risk attributes, and flexible deposit and withdrawal mechanisms, making it the optimal solution for small funds under 100,000 USDT.
The core competitiveness of the PSM module stems from dual guarantees of its underlying logic and ecosystem endorsement. It is anchored to a high-liquidity USDT pool, maintaining absolute price stability through the isUSD and USDT exchange mechanism, with its risk level certified as low-risk by multiple top-tier auditing firms including Peckshield and Slowmist. This is particularly valuable in a volatile market, eliminating concerns about asset depreciation triggered by milestone market movements. Even more remarkable is the zero-barrier operation: ordinary users can enjoy high yields with just one click by depositing funds, without any complex staking procedures, perfectly suited for crypto newcomers and investors seeking hassle-free solutions.

In the Web3 and AI era, small files such as NFT metadata, AI sensor data, and user-generated content are experiencing explosive growth. Traditional storage solutions either face high costs or suffer from low access efficiency, becoming a core bottleneck restricting industry development. Walrus Protocol's Quilt bulk storage solution, with its innovative technical design, has completely resolved the industry's pain points in small file storage, reshaping the management paradigm for small file storage and providing critical support for the development of hot sectors like NFT and AI.
The core innovation of the Quilt solution lies in its 'bulk packaging + efficient indexing' storage model. Unlike traditional approaches where developers manually pack small files, Quilt automatically combines up to 660 small files into a single storage unit via native APIs, significantly reducing storage redundancy and lowering Gas fees and storage costs. This bulk processing method reduces small file storage costs by hundreds of times. By the end of 2025, it has already saved over 3 million $WAL tokens for Walrus's partners, establishing itself as the most cost-effective solution for small file storage. Additionally, the Quilt solution features an efficient indexing mechanism, enabling fast retrieval and access to individual files even when stored in bulk, ensuring no compromise in data access efficiency due to packaging—perfectly balancing cost and performance.

In the context of increasingly stringent global privacy regulations, data privacy protection has become a fundamental prerequisite for enterprise-level application deployment. While decentralized storage addresses data ownership issues, the lack of privacy protection and compliance control has hindered its adoption in high-value enterprise sectors such as finance, healthcare, and government. Walrus Protocol's newly introduced Seal privacy access control feature, through an innovative model combining 'encrypted storage + on-chain authorization,' fills the privacy gap in decentralized storage, paving a new compliance-focused path forward and removing barriers to large-scale enterprise application deployment.

As Web3 rapidly penetrates global emerging markets, Southeast Asia has become one of the core growth poles in the crypto industry. Walrus Protocol has seized this market opportunity, positioning Southeast Asia as a key pillar in its global expansion strategy. Through strategic partnerships with local technology firms, participation in regional ecosystem activities, and customization to meet local needs, Walrus has achieved breakthrough progress in the Southeast Asian market, accelerating the global rollout of decentralized storage technology and opening up new growth opportunities for the ecosystem.
Walrus's expansion in Southeast Asia focuses on local high-demand application scenarios. Collaborations with local technology enterprises cover areas such as RWA asset on-chain, SME data storage, and AI project training dataset hosting, precisely addressing the development pain points of the Southeast Asian market. With a large number of SMEs in Southeast Asia, traditional centralized storage poses challenges due to high costs and data security risks. Walrus's low-cost, high-security storage solution offers an ideal choice for these businesses, helping reduce operational costs while ensuring the security of core commercial data. As emerging fields like AI and the metaverse grow in Southeast Asia, demand for storing training datasets and virtual scene assets is surging. Walrus's Quilt bulk storage and high-performance access capabilities perfectly meet these needs, making it the preferred storage infrastructure for local emerging technology enterprises.

Decentralized storage protocols carry vast amounts of user data and digital assets, making security the lifeline for long-term ecosystem development. Since the launch of the Walrus Protocol mainnet, security has been prioritized. Through the introduction of the upgraded bug bounty program, engagement with top-tier third-party security audits, and the open-sourcing of core code, a comprehensive, multi-layered security defense system has been established, solidifying the ecosystem's security moat and enabling users and developers to store data and build applications with confidence.
The upgraded bug bounty program is a core component of Walrus Security Protection. Managed through the HackenProof platform, it covers multiple critical areas including smart contracts and on-chain logic, core protocol components, public API interfaces, and economic and incentive mechanisms, inviting global security researchers and developers to participate in vulnerability discovery. Reward tiers are categorized by vulnerability severity, ranging from hundreds of dollars for low-risk issues to up to $100,000 for high-risk vulnerabilities. The highest rewards are reserved for critical vulnerabilities that could lead to user asset loss, network outages, or data breaches. This substantial incentive has attracted over 1,000 security researchers, and by the end of 2025, more than 20 potential vulnerabilities have been successfully identified and patched, including three high-risk ones, effectively preventing major security risks and ensuring the stable operation of the network.