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Recently, when working on the task list, I got caught up again by the words "privacy." To put it simply, on-chain is an open ledger, and what you can do more is "reduce the probability of being seen through," not make it disappear. For example, don't reuse addresses, don't make the fund flow too direct, and don't pile all interactions together at the same time... These are quite practical, but don't expect to evade the eyes of compliance; if they really investigate, it all depends on whether you leave traces too neatly.
Now everyone is comparing RWA and US Treasury yields to on-chain yield products. My simple expectation is: the more like "traditional interest" something is, the easier it is to be scrutinized for explanations of source, destination, and identity. Anyway, I only do verifiable actions, avoid dealing with unclear funds, and treat returns as a game of probabilities, not as fate. That's all for now.