I muted the group, and I feel much more at peace... In the past, I was constantly bombarded with "RWA on-chain is about to take off," and hearing it so often, I started to believe that liquidity was invincible. When I calm down and look again, many so-called "can be withdrawn at any time" are actually illusions; the key factors are the redemption terms: who will buy back, how long it takes, whether it can be paused during a run on withdrawals, and how fees are calculated. The biggest fear for small funds isn't volatility, but the fact that you think you can run, only to find the door is locked.

By the way, these days I also see everyone complaining that miners/validators are taking more and more, and that MEV is making ordering unfair. Honestly, that little "visible liquidity" on-chain can also be harvested through priority. Anyway, I prefer to go slower now: treat assets with clear redemption terms as savings accounts, those with unclear terms as fixed deposits or even real estate, layer your positions, and keep a steady mindset. That's how I'll start.