Recently, discussions about RWA on the blockchain have heated up again, but I'm a bit worried that everyone is taking "being able to trade on the chain" as "being able to withdraw at any time." Frankly, much of the liquidity is an illusion: the order book looks lively, but when it comes to redemption, the terms might specify queuing, window periods, quota limits, or even a direct pause in extreme cases... You think you're buying stable cash flow, but what you get is a "wait for notification" slip. These days, some people are also watching whether there will be a major migration before and after the upgrade of the main public chain. I think it doesn't matter whether there's a migration or not; as long as the redemption rules for the underlying assets don't change, switching chains is just changing the interface. Anyway, my current approach is a bit like "backup": better to keep multiple exit routes, rather than putting all confidence into one "seemingly smooth" outlet.