Lately I've been looking at things on RWA on-chain again, and I feel like the easiest thing to be fooled by is the word "liquidity"… On the chain, the pools look pretty big, and the quotes seem smooth, but when you actually want to redeem, there are a bunch of "window periods / queuing / delayed settlement" in the terms. Honestly, that's not liquidity that can be withdrawn at any time; it's more like psychological reassurance.

I'm also treating trading as a kind of practice now: not fantasizing that I can walk away completely, but first calculating the worst-case scenario according to the terms, ensuring my position exposure doesn't exceed what I can tolerate, even if it means earning less.
By the way, recently, before and after the upgrade of that mainstream public chain, everyone has been guessing whether projects will migrate. I'm actually more concerned about: whether they migrate or not doesn't matter, what's crucial is who is backing the "redeemable" thing you hold, when can it be redeemed, and whether it can be redeemed at all.
For now, that's it. Staying alive is the most important.