Recently, projects that are on-chain with RWA (Real-World Assets) are flooding the feed again. Frankly, what I fear most is that “liquidity looks very good.” Being able to sell at any time on the chain ≠ being able to withdraw fiat currency at any time. As soon as the phrase “queueing / window period / can be paused” appears in the redemption terms, I automatically update my mental version: from “Oh, this is quite new” to “Don’t get excited yet, read the fine print first.”

In the group, discussions about stablecoin regulation, reserve audits, and various “de-pegging is imminent” reposts ignite everyone’s emotions. But the more they argue, the more I want to hide the leverage button… Anyway, I’d rather go slower now, earn less, than find out I bought into an illusion only when redemption gets stuck.