Recently looking at a bunch of on-chain RWA project pages, the UI is made to look like a savings account, with just a couple of clicks to "buy/sell back," essentially creating a liquidity illusion: the on-chain transaction volume does not mean you can always cash out immediately. The real problem is that the redemption terms are hidden deep, with T+ several days, limits, pauses during risk control, and even unclear who sets the pricing... This kind of product makes my brain feel a bit uncomfortable. Instead, I think the most important warning on-chain shouldn't be APR, but "under what circumstances can't you redeem." By the way, I also thought of the recent NFT royalty disputes, which are fundamentally similar: everyone wants smoother liquidity in the secondary market, but no one is willing to openly discuss the costs and rules. Anyway, whenever I see "redeem at any time," I automatically question it, so as not to be misled by the design again—it's ridiculous.