What’s becoming clearer to me about Dusk is that it feels less like a blockchain project and more like a risk-management system that happens to be on-chain. Most layer 1s still optimize for possibility what could be built if everything goes right. Dusk feels optimized for exposure what happens when things go wrong, when rules tighten, when counterparties need explanations instead of narratives. Its architecture reflects that mindset. Privacy isn’t maximal; it’s scoped so it can be justified under scrutiny. Auditability isn’t performative; it’s designed to answer specific questions regulators and auditors actually ask. The modular structure isn’t there for developer freedom, but to isolate risk so changes don’t cascade into unintended consequences. I’ve watched tokenization pilots fail not because the tech didn’t work, but because risk teams couldn’t model outcomes with confidence. Dusk seems to start from that failure mode. As tokenized real-world assets and compliant DeFi move closer to balance sheets and legal accountability, infrastructure stops being about innovation and starts being about defensibility. In that context, Dusk’s biggest strength may be that it doesn’t assume trust, growth, or goodwill. It assumes responsibility and builds forward from there.