Privacy and liquidity used to be a trade-off. You either kept your balance out in the open and stayed composable, or you moved into a separate shielded asset and lost the integrations. Dual-mode assets change that. One token, one address, a public balance and an encrypted one. You can show what needs showing and hide what needs hiding, without fragmenting liquidity or rebuilding every integration. Now that CoFHE is live on Ethereum and Arbitrum mainnet, that switch stops being a testnet demo and becomes something a real product can build on. Privacy and composability no longer have to sit on opposite sides of the same token. Launch is permissioned through an allowlist, so this is still early. But the design direction is clear. @fhenix