Recently, I've been seeing a bunch of RWA on-chain projects hyping up "liquidity," and I have some doubts: being able to buy and sell on-chain doesn't mean the underlying assets can be redeemed at any time. Frankly, many of these are just illusions of "deep trading pairs"; when it comes to redemption, there are a bunch of clauses about windows, limits, KYC, and even suspension rights, which are quite different from the idea of being able to enter and exit freely. My current clumsy approach is: first, take screenshots of the redemption clauses... Anyway, if problems really arise later, I can at least compare and see if I understood them correctly at the time. By the way, I want to complain about this airdrop season's set of tasks + anti-witch hunt + point system, making earning tokens feel like clocking in at work—everyone's competing over surface data, which feels similar to the "liquidity" that looks good but may not be very practical.