Recently, RWA (Real World Asset) on-chain hype has been quite intense. On the surface, "tradeable on the chain" seems to instantly boost liquidity, but honestly, much of it is just a liquidity illusion: order books are displayed, TVL looks good, but when you want to redeem, there are a bunch of clauses like windows, limits, KYC, and even temporary suspensions... When you reach out, you realize you're grabbing at air. The same goes for AI Agents/auto-trading systems—some people use narratives as fuel, while others only focus on boring things like contract permissions and signature risk controls; right now, I care more about "how to exit in the worst case" rather than "how smooth it is during normal times." Tonight, I’ll review the redemption clauses of a few RWAs again, and also check the on-chain interaction permissions—if I can shrink them, I’ll shrink them first. That’s the plan for now.