I was looking through the TMX TGE announcement and one detail caught my attention more than the headline numbers.
The TGE is set for August 25, with TermMax reporting $90M+ TVL, 1.5M+ registered wallets, 90K+ daily active users, and activity across 10 EVM chains.
But the interesting part is how leveraged GT positions are closed. The default interface isn't always the best route for execution. TermMax has a separate guide showing advanced users how to unwind positions directly through Etherscan and potentially reduce slippage.
That creates an interesting gap. Two users can follow the same protocol, but the one who understands the advanced route may get a better outcome.
XP accumulation may be straightforward, but execution still seems to reward deeper knowledge.
With pre-mine ending August 11 and the XP season continuing into September, I'm curious whether this advanced workflow becomes part of the main UI before or after TGE.
আমি শুধু গাইডটা পড়ে না—নিজেই Dusk ব্রিজ ফ্লোটা দেখে নিয়েছি, আর একটা জিনিস সত্যিই নজরে পড়েছে।
নেটিভ Dusk L1-এ এখন 210M+ DUSK স্টেক করা আছে এবং সেটা লাইভ, কিন্তু DuskEVM এখনও Testnet হিসেবে চিহ্নিত।
আরও বড় চমক ছিল ব্রিজের ডিজাইন। DUSK দুইভাবে থাকতে পারে—Moonlight হিসেবে, যা ট্রান্সপারেন্ট এবং অ্যাকাউন্ট-ভিত্তিক; অথবা Phoenix হিসেবে, যা শিল্ডেড এবং নোট-ভিত্তিক।
ব্রিজ কাজ করে, তবে আপনি আসলে কী ধরে রেখেছেন সেটা বোঝা সাথে সাথে পরিষ্কার নয়। পার্থক্যটা বুঝতে আমাকে দু’বার পড়তে হয়েছিল।
এরপর আমি বুঝতে পারলাম, “seamless” আর “সহজে বোঝা যায়” সবসময় একই জিনিস নয়। আসল প্রশ্ন হলো—কতজন ব্যবহারকারী একবার ব্রিজ করবে, কিন্তু জেনে না তারা DUSK-এর কোন ভার্সন নিয়ে শেষ পর্যন্ত পৌঁছেছে।
Już wcześniej myślałem, że kredyt o stałej stopie procentowej to po prostu kwestia „zamrożenia” jednej stopy procentowej.
Potem przyjrzałem się bliżej temu, jak @TermMax to obsługuje, i Fixed Rate Token (FT) sprawił, że to w końcu do mnie trafiło.
Zamiast traktować przyszłą spłatę jako część pozycji pożyczkowej, TermMax zamienia roszczenie o stałą stopę w token. Możesz kupić FT poniżej jego wartości nominalnej, a po terminie wykupu zrealizować go i odebrać pełną kwotę.
Zatem zwrot zasadniczo stanowi różnica między tym, co płacisz, a tym, co otrzymujesz.
Dzięki temu pożyczanie o stałej stopie przestaje przypominać tylko liczbę na ekranie i zaczyna wyglądać jak prawdziwy zasób onchain.
Meni qiziqtiradigan Dusk Trade hikoyasining bir qismi — DeFi darajasidagi kompozabillik. @Dusk faqat an’anaviy moliyaviy aktivlarni onchenga olib chiqish haqida gapirayotgani emas; Dusk Trade DuskEVM’da tokenizatsiyalangan aktivlar uchun dasturiy qatlam sifatida pozitsiyalangan bo‘lib, pul bozori fondlari, ETF’lar, obligatsiyalar va boshqa RWA’lar kabi mahsulotlarni o‘z ichiga oladi.
Kompozabillik g‘oyasi muhim, chunki tokenizatsiyalangan aktivlar an’anaviy mahsulotlarning faqat alohida ifodalari bo‘lib qolmasdan, dasturlashtiriladigan blokcheyn muhitining bir qismiga aylanishi mumkin. Agar bu aktivlar boshqa onchain ilovalar va infratuzilma bilan o‘zaro ta’sirlasha olsa, ular atrofida moliyaviy xizmatlar qurish uchun ko‘proq imkoniyatlar paydo bo‘lishi mumkin.
Shu sababli ham men Dusk Trade’ning real egalik, tezkor hisob-kitob va DeFi darajasidagi kompozabillikka yo‘nalgani bir-biri bilan mos kelishini o‘ylayman. Tokenizatsiya — bu bitta bosqich, ammo bu aktivlarni onchain moliyaviy bozorda foydali qilish — kattaroq vazifa.
Mening nazarimda, Dusk Trade aynan shu yerda faqat tokenizatsiya haqidagi hikoyadan kattaroqqa aylanadi. Bu tanish moliyaviy aktivlarni dasturlashtiriladigan onchain infratuzilma bilan bog‘lash haqida. $DUSK #dusk
#termmax @TermMax го потврдил TMX TGE за 25 август, и бројките ме натераа да погледнам двапати: $90M+ TVL, 1.5M+ регистрирани паричници и 90K+ дневно активни корисници на 10 EVM мрежи.
Започнав да истражувам TermMax поради неговиот модел на ливидација-нула leverage, но подлабоката приказна изгледа дека е на страната на кредитирањето. Голем дел од ликвидноста доаѓа од заемодавците и депозиторите на vault кои заработуваат фиксна добивка, додека активното задолжување е многу помало од вкупните депозити.
Тоа ме тера да се запрашам: по TGE, дали TMX ќе биде движен повеќе од корисници фокусирани на добивка или од leverage crowd?
Маған Dusk Trade туралы ерекше көрінетіні — ол қаржылық активтерді ғана ончейнге орналастыруға бағытталмаған. Үлкен идея — сол активтер токенделгеннен кейін не болатынында.
Dusk Trade өзін DuskEVM-де токенделген қаржылық активтерге арналған необрокер және қолданбалы қабат ретінде көрсетеді; ол ақша нарығының қорлары, ETF-тер, облигациялар және басқа да RWAs сияқты өнімдерді нысана етеді. Нақты меншік, лезде есеп айырысу және DeFi деңгейіндегі композабельділікке назар аудару бұл тәсілді мен үшін қызықты етеді.
Егер дәстүрлі қаржылық актив ончейндік активке айналса, оны тез есеп айырысуға және бағдарламаланатын ортада пайдалануға мүмкіндік беру сол активпен өзара әрекет етудің түрлі тәсілдерін аша алады. Сонымен бірге, Dusk Trade реттелетін MTF және инвестициялық платформа моделі айналасында құрастырылған, ЕО-ның қолданылатын регуляцияларын ескере отырып.
Мен үшін қызықты бөлігі — реттелген нарықтардың талаптарын назардан тыс қалдырмай, таныс қаржылық өнімдерді ончейн инфрақұрылыммен байланыстыру.
I’ve been looking at another part of @Dusk that makes the project feel more focused on actual financial infrastructure: Dusk Trade. It’s described as a neobroker and the application layer for tokenized financial assets on DuskEVM. What caught my attention is the range of assets being targeted money market funds, ETFs, bonds and other RWAs rather than treating tokenization as just another crypto use case.
The idea is to bring these financial assets onto Dusk with real ownership, instant settlement and DeFi-grade composability. Dusk Trade is also structured around operating as a regulated MTF and investment platform, with compliance with applicable EU regulations.
For me, this makes the Dusk Trade story interesting because it connects blockchain infrastructure directly to financial products people already understand. The question isn’t only how assets can be tokenized, but how they can actually become part of a regulated onchain market. $DUSK #dusk
eak ḋa eke wui keǵem ṭi @Dusk ė moḍeḻa ki privaacy in financial markets gaṣ ke bōr kotha beshi nuanshano haoya dorkar, keवल sab kichu lukano diye. A regulated institution-er may sensitive transaction information protect kora lagte pare, kintu regulators ba any authorized parties-er-o jaṇch/ review kora dorkar hote pare je ki hocche.
Ekhanei DuskEVM kahini’r moddhe Hedger amake jogajogito korar moto. Hedger holo EVM-er jonno Dusk-er privacy module ebong ta homomorphic encryption ebong zero-knowledge proofs byabohar kore confidential EVM workflows support korar jonno design kora. “reviewable privacy” er dhārṇātā amar kache khub bhalo lage, karon eta problem-er du’পক্ষke address korte chaay: sensitive financial activity’r jonno confidentiality ebong authorized review support korar somvabona.
@Dusk haqida men qiziqadigan bitta narsa — uning EVM muhitida maxfiylikka qanday yondashishi. DuskEVM faqat ishlab chiquvchilar uchun tanish bo‘lgan Solidity/EVM yo‘lini berish haqida emas; Hedger orqali u maxfiy EVM jarayonlarini qo‘llab-quvvatlash uchun ham mo‘ljallangan.
Tartibga solinadigan moliyaviy ilovalar uchun bu juda muhim g‘oya. Moliyaviy ma’lumotlar har doim ham butunlay ochiq bo‘la olmaydi, ammo institutlar baribir vakolatli tomonlarga ma’lumotni ko‘rib chiqish yoki tekshirish imkonini beradigan yo‘lga muhtoj bo‘lishi mumkin. Hedger aynan shu qiyinchilik atrofida qurilgan: homomorfik shifrlash va nol bilimli isbotlar yordamida Dusk “ko‘rib chiqilishi mumkin bo‘lgan maxfiylik” deb ta’riflaydigan yondashuvni qo‘llab-quvvatlaydi.
Meningcha, blokcheyn maxfiyligiga qarashning bu yanada amaliy yo‘li: hammasini shunchaki yashirish emas, balki ilovalarga sezgir ma’lumotni maxfiy saqlash imkonini berish, shu bilan birga tartibga solinadigan moliya talab qiladigan tekshiruv/xolis ko‘rib chiqishni qo‘llab-quvvatlash.
DuskEVM + Hedger kombinatsiyasining meni eng ko‘p qiziqtirgan qismi aynan shu. $DUSK #dusk
#baby $BABY One question came to my mind while reading about Trustless Bitcoin Vaults (TBV): What if someone believes in Bitcoin for the long term but suddenly needs cash? Selling BTC isn't always the first choice, especially if you plan to keep it for years.
That's why the first use case of TBV with Aave v4 caught my attention. Instead of selling your Bitcoin, TBV makes it possible to use native BTC as collateral and borrow supported assets. I think that's a much smarter option for people who want short-term liquidity without giving up their long-term Bitcoin position.
What I also like is that the process is built around native Bitcoin. There's no wrapping, no bridging, and no need to rely on intermediaries. That keeps the idea simple and stays closer to what many Bitcoin users actually want—ownership and control.
For me, this isn't just another borrowing feature. It feels like a practical way to make Bitcoin more useful without changing what makes it valuable in the first place. I'm looking forward to trying the TBV public testnet and seeing how the borrowing experience works from a user's point of view. @BabylonLabs_io
#baby $BABY Meniň üçin Trustless Bitcoin Vaults (TBV) hakda iň gözüme ilen zatlaryň biri özüňe gulluk etmek (self-custody) pikiri. Men bu adalgany kriptoda köp gezek eşidenem bolsam, onuň näme üçin beýle möhümdigini bilmek üçin Babylon hakda okap başlamamdan öň hiç wagt çuňňur oýlanmadym.
Köp sanly Bitcoin eýeleri diňe BTC-i başga bir sanly aktiw hökmünde görmeýärler. Olar ony başga bir adama bagly bolmazdan eýelik etmegiň azatlygyny gymmat görýärler. Şonuň üçin TBV-iň çemeleşmesi maňa gyzykly bolup görünýär. Ulanyjylardan Bitcoin-i gaplap (wrap) bermegi ýa-da araçy adama tabşyrmagy soramak däl-de, TBV ynamsyz (trustless) prosesi saklap, ýerli (native) BTC-i girew (kolleteral) hökmünde ulanmak esasynda döredilipdir.
Munyň diňe karz almak (borrowing) hakda däldigini hem haladym. Göwnüme bolmasa, Babylon ýerli Bitcoin-i Bitcoin-iň esasy ýörelgelerinden daşlaşman, dürli maliýe amalyýetlerinde ulanmak üçin bir esas goýmak isleýän ýaly. Bu pikir diňe bir gezeklik ulanyş hadysasyndan has uludyr.
TBV hakda näçe köp öwrenýärin, şonça-da “Your keys, your Bitcoin” (“Açarlar seniňki, Bitcoin hem seniňki”) diýen sözleriň näme üçin bu çenli möhüm bolýandygyny has gowy düşünýärin. Aktiwleriňe gözegçiligiň saklanyp, olary ulanmagyň täze usullary açylýan görnüşi köp Bitcoin ulanyjylaryň garaşan ugruna meňzeýär. Jemgyýetçilik testnet-ine göz aýlamagy dowam etdirip, munuň hakykylykda nähili işlejekdigini görmek üçin tolgunýaryn. @BabylonLabs_io