Lately, I've been looking at projects on RWA (Real-World Asset) on the blockchain, and the more I look, the more I feel that "liquidity" is a bit like an illusion: the blockchain shows a bunch of shares that can be bought and sold, but when it comes to redemption, there are a bunch of terms like windows, limits, manual reviews... Basically, you're buying the probability of whether you can smoothly exchange back to fiat currency or the underlying asset, not that candlestick chart. Then I think about the recent cross-chain bridge thefts and the oracle errors, and everyone was frantically waiting for "confirmation," which makes me even more cautious—being on the chain doesn't mean you'll get your money quickly. Anyway, lowering my expectations has actually made me feel more relaxed; I treat it as a locked-position product first. When I impulsively want to leverage, I remind myself: if I lose, I’ll have to stop for a week.