These days, I've seen a bunch of people linking ETF capital flows, U.S. stock market risk appetite, and crypto price movements all together, explaining them as if they were remote controls... I'm actually more interested in the RWA on-chain thing: watching the on-chain transactions seem quite lively, but a lot of liquidity is actually "seems sellable," and when it comes to redemption, you'll find the terms are very detailed—window periods, limits, counterparty reviews—it's not like a quick click and the funds are in your account.

I thought that on-chain = can exit anytime, but after carefully reviewing the redemption instructions, I realized it's more like "moving asset information on-chain," which doesn't mean moving cash flows on-chain. Right now, I'm pretty laid-back: only those who understand the redemption process dare to try a little, and those who don't just keep staking honestly. The returns aren't high, but at least I can sleep well.