链上格格巫

A few responses to the false report of “Wait for me in the future”

1. About “hidden rankings”
Hidden rankings are a normal feature of the platform. I use it according to the rules; there is no such thing as “jumping the queue,” and certainly no use of system vulnerabilities. All I can say is that it only reflects your ignorance. There have been multiple instances where fans reported others for plagiarism of my content in their real names. Hidden rankings are a reasonable choice to protect creators’ work and avoid being continuously maliciously targeted, not a way to evade supervision.

2. About “topic relevance” and scores
I’ve been actively involved in creating on the Square for the long term and have experienced several platform rule changes. The total score is based on the daily score accumulation. There is no case where, as you said, “290 points were added on one day…” The system scoring rules are fair. I don’t get high scores on every post. When I encounter low scores, I review, revise, and optimize my content. If someone just labels me as “jumping the queue” merely because I occasionally rank near the top, that is neither objective nor respectful of the staff’s repeated efforts to adjust the scoring mechanism.

3. About whether there is any illegal engagement boosting?
I have always paid attention to and studied the platform creators’ rules. Whether there is any illegal engagement boosting can be confirmed simply by checking the backend data. I’m not afraid of an investigation, and I welcome the platform to verify at any time.

In closing: On my homepage, I have 7,000+ posts. Besides alpha-related content, I’ve also written many in-depth long-form articles. Regarding differences in traffic, each post has different content, reaches different audiences, and receives different data feedback—that’s completely normal. I have never claimed to be some kind of big-name influencer (V). I’m simply someone who joined the Square a bit earlier than some others. After running alongside many projects, I still chose to keep going. And there are also some friends who have witnessed my low period.

I won’t waste time on meaningless arguments. But if, going forward, anyone else continues to maliciously report and slander me without evidence or basis, I will also keep the proof and file an appeal with the platform to protect my rights and interests.@币安广场

About the •Binance Mall that many people have been discussing recently
The top lady has already refuted the rumor…
Everyone, please pay attention ⚠️

I participated in #termmax
and the friends ranked in the top 500 for writing
remember to complete the wallet verification task
Am I OK like this?

My market-making friend has complained more than once that T+2 settlement forces him to keep tens of millions of dollars in idle cash—“tolls”—on hand, with such painful funding costs.

With @Dusk Trade, the broker’s payment obligation is effectively welded directly onto the blockchain: asset transfer and payment are completed within the same block, so counterparty default risk disappears instantly. This isn’t a matter of speed—it means you no longer have to stake massive capital to gamble on settlement risk. What makes institutions especially itchy is Hedger’s homomorphic encryption scheme. Unlike pure ZKPs, which can only prove “I’m not lying” without being able to move funds in ciphertext, Hedger allows validation nodes to perform algebraic operations directly on encrypted data. That’s what truly makes dark pools and obfuscated order books run.

The intent, size, and price of large buy orders are completely hidden from the validation nodes before batching. Even if on-chain scientists try to execute an MEV “sandwich” attack, they can’t get even a sip of the soup. Once a market maker’s capital turnover ramps up, the traditional account books for getting capital into Web3 can definitely pencil out. That said, ciphertext computation consumes resources—if it’s scaled up, will transaction fees eat away the advantage? I haven’t figured that out yet.

#dusk $DUSK

$GRVT
Today’s 30k trading volume, loss is 1.79 dollars
Guess I’m lucky…🥲🥲
Sharing for everyone’s reference～
These past two days have been super rough…

Hoping tomorrow will be a big win…
What did you guys trade today? How much loss 🤨

A new post-00s intern at the company was teased by an older colleague: “Can’t even figure out T+2 settlement, and you want to do finance?” He didn’t even look up, and replied calmly: “You don’t need to worry that I don’t understand T+2, because I won’t use your old dinosaur of a system.” Several seasoned “old-timers” beside him instantly shut up.

Isn’t that exactly what <0>@Dusk </0> is doing? The old-school T+2 settlement, multi-layer custody, and paper contracts—plainly speaking, that’s Cold War-level efficiency. It should have been cleared out long ago.

Dusk’s cooperation with 21X is pretty aggressive. 21X obtained a license for Europe’s DLT trading and settlement system, effectively welding trading and registered settlement into a single action: ownership transfers as soon as the deal is executed, and T+2 becomes zero. Combined with Cordial Systems’ MPC custody, institutions don’t have to hand private keys to a single custodian—assets can only be moved with a multi-party signature. Native issuance even enables bond dividend and settlement to run fully automated. On-chain records themselves are the assets, no need for the trust-packaged “believe me, bro” setup.

That said, while on-chain settlement looks slick, actually rolling it out isn’t easy—institutions still face high operational and maintenance thresholds. Traditional IT departments’ ledger logic and smart contracts are basically on different wavelengths, and audit trail tracking also needs to adapt to a new language like “cryptographic proofs.” How tolerant European regulators are toward on-chain settlement remains unclear, and nobody dares to make guarantees. Technology may move faster than regulations, but whether it can truly push the dinosaurs out of the market still depends on whether institutions are really brave enough to put their core business on the line.

#dusk $DUSK

$GRVT
Today 30k trading volume, loss 2.05
I guess it’s within an acceptable range...
For everyone’s reference~

In that big drop of KLL, a lot of people got caught
If you saw my post from yesterday, you probably wouldn’t have chosen it

What are you guys trading today? How’s the loss🥲🥲

Some people催更 my #ALPHA data post every day.
Some people complain that my daily sharing of alpha data is meaningless.
...…🥲🥲

As much as possible, help everyone avoid pitfalls and provide references.
Isn't that the value of it?

Finally, I wish that on this road, you’ll never run into a waterfall...

$GRVT
Today’s 30k trading volume
Loss: 2.77 USD 💔💔
A little more than the past two days
I guess it’s acceptable… just for everyone’s reference~

What did you trade today? How much loss? 🥸🥸

$TRUMP I sent it last night 1.8
It’s up 40 points already…
Did anyone get any meat?😁😁

Yesterday my buy price was 0.0723. After a good sleep, it’s up 21 points. @Dusk … this chart is a bit too tempting 😍

These past two days have really been crazy—Big Cake is up 20 points, and Little Cake is up 25 points. Everyone says we’re basically “picking up money”… My friend works on data compliance in the EU, and he said that in this run, what institutions fear most isn’t missing the trade—it’s the “data-and-identity nakedness” when picking up money: identity and transaction data left exposed. GDPR fines can be painful enough to hurt the company.

@Dusk ’s Citadel protocol hits right on this line with a pretty clever approach: selective disclosure lets users only prove “I’m a qualified investor” or “I’m not on the sanctions list,” while the user’s real identity and historical holdings aren’t exposed to the platform. That directly reduces the need to store sensitive data in centralized databases—because even if hackers want to steal, there’s basically nothing to steal. On-chain, it only leaves behind cryptographic proofs that pass compliance.

When anti–money laundering regulators come to investigate, audit keys are granted permissions by layer, not just any node can “flip the ledger.” DUSK’s market cap is around $42 million. NPEX dares to move 200–300 million euros worth of stocks and bonds upward. This privacy-and-audit tradeoff is the key. But the audit key itself becomes a new single point of failure—if it’s misused, the risk of data leakage is actually concentrated. The technical roadmap is more reasonable than a fully transparent chain, but how much cryptographic proof regulators are willing to accept is still an unknown.

#dusk $DUSK

$ZEC
The real culprit—he dragged more than 30 points...

$BTC
What a great market!
Aren't you still losing money like me? 😴😴

Saw someone say they were pulling up $TRUMP
Haven’t been paying attention for a long time,
I took a look and it’s already down to over 1…

Back then, I got in at 12 and sold at over 70…🥲🥲
Now… it’s fallen to this…

Previously, if you wanted your spare cash to earn steady interest, you either put it in a bank for those meager yields, or you bought wealth-management products that require you to fight for limited quotas. In DeFi, floating rates look attractive—today it’s 8%, tomorrow it could drop to 2%. Your heart probably can’t take that.

In plain terms, the FT from @TermMax is basically an on-chain zero-coupon bond. You pay 96 yuan to buy an FT with a face value of 100. When it matures, you redeem at 100—the 4-yuan difference is the locked-in return. Don’t underestimate that 4. For 30-day tenor FTs, the discount rate is currently around 0.4% to 0.8%, which translates to an annualized yield of roughly 4.9% to 9.6%. That’s more fragrant than Yu’e Bao. Compared with the 3-month U.S. Treasury yield of 5%, it even offers a premium.

That premium isn’t free. It includes smart-contract risk and the slippage cost when exiting via the AMM. But at least, the return is essentially guaranteed from the moment you buy.

FT pricing, in essence, is the market discounting the time value—same logic as traditional government bond auctions, except settlement happens entirely on-chain. Thanks to the equation between FT and XT—1 USDC = 1 FT + 1 XT—the FT price won’t just run wild. Arbitrageurs can pull any deviation back within seconds.

If you need money urgently, you can sell FT on the AMM instead of forcing yourself to hold to maturity. You may still face some slippage (within about 0.1%), but that’s better than early redemption penalty fees on term wealth-management products. The physical delivery mechanism also closes bad-debt risk upfront: lenders directly take the collateral instead of playing the “auction” kind of games. So the question is—when there are low-risk fixed-income tools on-chain, shouldn’t people who still keep their money in wealth-management products yielding only around 1% annualized wake up?

#termmax

$ONG
What kind of demon is this again
It’s up 110%…😴😴

Today, 3w trading volume, loss is 1.41 dollars
A bit better than the previous couple of days…💁
Sharing for everyone’s reference～

Someone said there’s an Airdrop today
not sure if it’s true…

What did you trade today? How’s the loss?🥸

It’s been half a month and it’s gone back up again
$XPL is still good👌
Unfortunately, I started a bit too early……