Lately, I've been a bit overwhelmed by the discussions about RWA on the blockchain, honestly, many so-called "liquidity" just look like a market full of orders, but when you try to buy, slippage skyrockets—it's like an illusion. On-chain, it seems like you can redeem at any time, but when it actually comes to redeeming, there are a bunch of conditions: lock-up periods, queues, limits, and in extreme cases, even gatekeeping... I just clicked refresh/retry twice on the frontend, only to realize I was actually waiting in line for processing.

Not to mention, retail investors have been complaining daily about validator/miner earnings, MEV, and unfair ordering. I can understand: you think you're redeeming according to the rules, but in reality, how transactions are queued and who gets processed first feels very "rule of man." My only requirement for this kind of product now is: clear terms, a workable redemption process, or I’d rather just look away from the excitement.