Recently, everyone has been comparing RWA, what US bond yields, on-chain yield products all together.

I'm actually more worried about a more basic problem: what happens if the oracle feed is slow.
When you're using leverage/borrowing positions, liquidation is based on the "on-chain spot price," not the spot screen you're watching.
A delay of a few minutes in the feed, and when the market moves suddenly, you might think you're safe, but once the update comes, the liquidation line could be directly broken through, and you might not even have time to add margin.
It's like an elevator suddenly stopping or an emergency brake; you don't feel it usually, but when something happens, it's instant.
Anyway, when I encounter big volatility, I lower leverage, leave some buffer, and also check the protocol's oracle update frequency.
Only if the permissions are not flying around can I sleep well.