Recently, there have been quite a few projects on RWA (Real-World Asset) on-chain, packaged as "you can buy real assets on the chain too," but I always feel that what’s most easily overlooked isn’t the returns, but how complicated the redemption terms are: you might think you can withdraw anytime, but in reality, you're stuck with review processes, limits, and window periods. The liquidity looks lively, but if you really want to exit, you’ll start queuing. To put it simply, the on-chain trading volume doesn’t equal actual people willing to take over in the real world. Plus, in some regions, there’s talk about increasing taxes and tightening compliance, which shifts everyone’s expectations about deposits and withdrawals. The redemption pressure can easily spike, and if the bridge gets blocked, it becomes even more awkward… Anyway, whenever I see the words "redeem at any time," I first go check the fine print until my eyes hurt.