#dusk $DUSK @Dusk When I compare the asset and payment legs, I keep landing on a simple issue a one-second asset transfer does not create a one-second market workflow if the cash leg still takes 60 seconds.
That makes “10-second settlement” a weaker DUSK metric than it first appears. For delivery-versus-payment, I would separate at least four things: asset finality, payment finality, the gap between them, and the rate of failed or unmatched settlements.
The behavioral consequence matters more than the block time. An institution cannot treat a trade as economically finished while one side is final and the other still carries principal risk. Faster blocks help, but they do not make slow money disappear.
The stronger benchmark for DUSK may eventually be value settled per second with zero unmatched principal, not raw transaction speed. Even a bond that completes 20 coupon payments correctly has not proved the hardest event: the €100M principal repayment at maturity.
I can see why DUSK’s settlement speed matters. What I still cannot resolve from one headline number is how quickly both legs become irreversible together.
For institutional markets, the real finish line is when neither side can still lose principal.
@Dusk #dusk $DUSK
That makes “10-second settlement” a weaker DUSK metric than it first appears. For delivery-versus-payment, I would separate at least four things: asset finality, payment finality, the gap between them, and the rate of failed or unmatched settlements.
The behavioral consequence matters more than the block time. An institution cannot treat a trade as economically finished while one side is final and the other still carries principal risk. Faster blocks help, but they do not make slow money disappear.
The stronger benchmark for DUSK may eventually be value settled per second with zero unmatched principal, not raw transaction speed. Even a bond that completes 20 coupon payments correctly has not proved the hardest event: the €100M principal repayment at maturity.
I can see why DUSK’s settlement speed matters. What I still cannot resolve from one headline number is how quickly both legs become irreversible together.
For institutional markets, the real finish line is when neither side can still lose principal.
@Dusk #dusk $DUSK
