Have you guys also been flooded with "RWA on the chain" lately... I find it a bit funny but also a little anxious. The on-chain depth looks quite lively, but when it comes to redemption, I realize many are "buy but can't sell back," with terms full of delays, limits, and windows. Honestly, the liquidity seems a bit like an illusion: the order book looks smooth most of the time, but when something goes wrong, everyone starts queuing and waiting for someone to take over.

Especially these past two days, with cross-chain bridge issues and oracle errors, everyone suddenly defaults to "wait for confirmation first," the consensus is very orderly, but it also clearly shows the problem: no matter how fast the chain is, the settlement of underlying assets is still slow. Anyway, when I look at these kinds of projects now, I don't ask whether they'll go up or down first; I just want to see how the redemption process is written, who will handle the settlement, and how long the worst-case scenario might drag on, so I can feel more at ease.