The blockchain world has never lacked new ideas, but turning complex technology into truly user-friendly solutions that address real industry pain points is another story. There's a project that’s quite interesting; it doesn't just focus on a single niche but instead combines privacy DeFi and decentralized storage into one ecosystem, building a complete ecosystem system. Governance tokens and utility tokens both play key roles here.

First, let's talk about storage. The project adopts a technology called "erasure coding," which is a significant breakthrough. Compared to traditional methods—simply copying data multiple times for backups, which is highly redundant but very costly—erasure coding works differently. It encodes data into several fragments, and you only need a subset of these to restore the original file. For example, it's like cutting a secret document into several puzzle pieces and dispersing them across a global network; you don't need all the pieces, just enough to piece the complete image back together. This greatly improves storage efficiency and cost-effectiveness while also ensuring data durability and resistance to censorship. Coupled with high-throughput, low-latency blockchain support, storing and retrieving large files becomes faster and more stable.

Looking at financial applications, privacy transaction features open up new possibilities for DeFi. Imagine being able to provide liquidity, lend, or trade while effectively hiding the specific operations and fund amounts—this not only protects personal privacy but also blocks those who try to manipulate the market through information asymmetry. This design is very helpful in attracting traditional high-net-worth users and institutional capital into DeFi.