The more projects I see being on-chain with RWA recently, the more I feel that the word “liquidity” is a bit like a lighting effect: the pool looks quite deep, but when you want to redeem, there are a bunch of windows, quotas, priorities in the terms, and it’s not something you can just click on whenever you want. Frankly, the on-chain part is easy to buy and sell, but how to cash out the off-chain assets is the key. I’ve now started taking screenshots of the redemption rules… to avoid disputes later.

And also, recently, on-chain data tools/tags have been criticized for being laggy or even misleading. I no longer trust a single dashboard completely; I prefer to look at the contracts and announcements more carefully. It’s safer this way—plants grow slowly, but at least they don’t wither overnight.