These days I've been browsing RWA again, and I also compare the yields of U.S. bonds with various on-chain "income products." The comment section is as lively as the 2021 royalty war. To put it simply, the most common mistake when attention is focused is getting itchy: seeing others talk about it, feeling like you’re missing out if you don’t participate, then chasing high, changing positions, and chasing the next wave, getting caught in slippage and emotional cuts back and forth.

My current quick fix is: first ask myself whether I really understand where this yield comes from, what the worst-case scenario is, and whether liquidity will dry up at any point. If I haven't thought it through, I treat it like a short video—watch and swipe away, don’t mistake "hype" for "certainty." If I really want to participate, I only take what I can sleep soundly over, even if it means earning less. Better to avoid repeating the awkward situation of buying NFTs back then and discovering no royalties and no liquidity in the floor price... Anyway, that’s how I handle it for now.