Recently, I've been looking at various projects on RWA (Real World Asset) on-chain again.

People love to compare it with U.S. Treasury yields and those "yield products" on the blockchain, as if switching risk levels is just a click away.
Honestly, what I care about most is liquidity: on-chain it looks like you can sell anytime, but often it's just the order book sitting there.
When a large redemption happens, it all depends on the terms—window periods, limits, who gets priority...
If these aren't clearly stated, liquidity is just an illusion.

There's too much information, which can be pretty stressful.
Right now, I use a simple trick to filter: I don't look at annualized returns first.
I start by checking the redemption/settlement rules and the asset custody structure.
If I can understand it in plain language, I keep going; if not, I’m not in a rush.
I’ll just slowly dollar-cost average into other things for now.
When it comes to risk, I’d rather earn a little less than get caught out by the words "redeemable."