In the perilous dark forest of DeFi, "security" is the only light upon which we rely for survival. The history of DEX development is a history of continuous exploration in search of brighter, more reliable "light sources." In this exploration, we have already found three great "beacons," each with its own "shadows." The First Beacon: Uniswap's Light of "Code Trust" This is the purest light. We trust Uniswap because we believe its open-source code deployed on the Ethereum mainnet is an indestructible "law of physics." But the price of this light is high "gas fees" and slow "speed of light" (performance), making it inaccessible to ordinary people. The Second Beacon: GMX's Light of "L2 Shared Trust" This is a more efficient light. We trust GMX on Arbitrum because we believe that while enjoying higher performance, L2 will ultimately still entrust its "ledger" to Ethereum, the "eternal light," for notarization. However, the brightness of this lamp is limited by the "centralized" shadow cast by components such as the L2 sorter. The Third Lamp: The Light of "Sovereign Consensus Trust" in dYdX This is the freest light. We trust dYdX v4 because we believe that its independent kingdom's "parliament" (validator network) is sufficiently decentralized and rational to honestly safeguard our assets. But the stability of this lamp depends on the fragile "socioeconomic" balance of this "parliament." For years, we have been searching among these three lamps for the one most suitable for us. Until a completely new light source, designed to "dispel all shadows," began to emerge. This is "Verifiable State." "State Verifiability": An Everlasting Star Illuminated by Mathematics At its core, "State Verifiability" integrates cutting-edge cryptographic technologies like ZK-Rollup natively at the protocol's underlying layer. This generates an unforgeable, independently verifiable "mathematical audit report" for every "state transition"—that is, every update to the system ledger. It no longer requires you to "believe" anything. It simply provides a tool for you to "verify." Why is it considered the "future" of DEX security models? Because it solves all the "shadow" problems of the previous three lights in a way that is far superior to conventional approaches. 1. It possesses the purity of "code trust" without its performance constraints: The foundation of trust in "State Verifiability" is also cold, impeccable mathematics and code. However, by placing the heavy computation off-chain and only putting the final "mathematical proof" on-chain, it completely frees itself from performance limitations. 2. It possesses the trustlessness of "shared trust" without the lack of sovereignty: It also achieves the ideal of "trustlessness," but it no longer needs to rely on any external network. A sovereign chain, represented by QuBitDEX, adopting this paradigm, is its own "supreme court," and its "law" is mathematics. 3. It possesses the sovereign performance of "consensus trust" without the trust risks: It can also enjoy the ultimate performance brought by a sovereign chain. However, it revolutionarily separates the "validity of the state" from the subjective and game-like element of "validator consensus," entrusting it to the objective and irrefutable arbiter of "mathematical proof." "Whether it can be verified" will be the sole criterion in the future. When this star lit by "mathematics" rises, it will irreversibly become the "gravitational center" of the entire DEX universe. Capital will chase this light: because institutional funds naturally flow to the places with the lowest trust assumptions and the most objective auditability. Users will grow accustomed to this light: the "computational transparency" it brings will completely end the predatory practices of "dark forest" frameworks like MEV. All DEXs will be "illuminated" by this light: any newly created DEX that cannot provide "verifiability" will automatically be relegated to the category of a "previous era" in terms of security. "State verifiability," a technical term that still sounds somewhat obscure today, will soon become the sole and ultimate "gold standard" for judging whether a DEX is secure and trustworthy. This is the future of DEX security models—a brighter and more certain future.