Recently, I've been looking into projects in the privacy track, and one idea is becoming clearer—truly reliable financial privacy isn't about complete anonymity, but about protecting transaction details while remaining auditable.

Dusk's Hedger solution exemplifies this approach. By combining zero-knowledge proofs with homomorphic encryption, transaction information is handled as a black box externally, but compliance departments can still access the data they need for audits. This may not sound like the extreme privacy advocate's ideal, but when integrating with real-world financial systems? That's a whole different story.

If institutions adopt a system, the prerequisite is that it can be audited and traced. This has been a gap in the past, and Hedger fills that gap. From an engineering design perspective, this is responsible for long-term use, rather than blindly stacking features.

So, looking at the DUSK project, I see it as laying the foundational layer for the next wave of compliant DeFi and RWA, not just a short-term hype concept. The true value lies in the feasibility of the underlying technology, and this direction is correct.